LUKOIL Starts Exploration Drilling at Block 12 in Mexico
LUKOIL started drilling its first exploration well at Block 12 located in the southern area of the Gulf of Mexico. The Yoti West-1Exp well will be drilled by Valaris 8505 semisubmersible rig, which was transported to Block 12 after its successful work at Block 10 (the Sayulita-1EXP well). The exploration will focus on turbidite deposits of …
More than 500 Startups Applied for Participation in the First Technology Accelerator by Gazprom Neft
Gazprom Neft has received over 500 applications from technology startups to participate in the first acceleration program in hydrocarbon exploration and production, Industry 4.0, capital construction and alternative energy. The geography of startups is represented by 88 cities from Russia, Belarus, Kazakhstan, Azerbaijan and the USA. Startups submitted their projects in 150 …
OPEC Daily Basket Price: Friday, 13 August 2021, Stood at $70.90 a Barrel
Vienna, Austria, 16 August 2021–The price of OPEC basket of thirteen crudes stood at $70.90 a barrel on Friday, compared with $71.32 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
OPEC Daily Basket Price: Thursday, 12 August 2021, Stood at $71.32 a Barrel
Vienna, Austria, 13 August 2021 – The price of OPEC basket of thirteen crudes stood at $71.32 a barrel on Thursday, compared with $70.52 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
Gazprom Neft: Brings Digital Innovation to Arctic Drilling
The first digital well construction project in Russia to develop hard-to-recover reserves in the Arctic was created by Messoyakhaneftegaz specialists in partnership with Schlumberger. The expert team, using a specialized platform, simulated a full drilling cycle, which made it possible to halve the well design time. The use of the new …
TATNEFT: Launching the Internet Energoportal
The Company has put into commercial operation a system for planning hourly energy consumption. This is the first system of the new digital “Energoportal” platform developed by the “Tatneft Digital Development” experts. One of the most energy-intensive crude oil production processes, i.e. ensuring the inflow of liquid, from JV Tatneft-Upstream, …
OPEC Monthly Oil Market Report, August 2021
Crude oil spot prices rose in July, m-o-m, as physical market fundamentals and declining oil inventories continued to support oil prices. The OPEC Reference Basket (ORB) averaged $73.53/b in July, representing an increase of $1.64, or 2.3%, m-o-m, the highest level since October 2018. Year-to-date, the ORB was up $25.43, …
Rosneft: Creates Robot for the Automatic Execution of Routine Program Operations
Specialists of the Tyumen Oil Research Center (Rosneft Research and Design Institute) have developed a program that automates the routine operations of a personal computer user. The EVA software robot builds typical maps, tables and graphs, generates reports from various programs and systems, and also works with numerous files and folders. …
OPEC Daily Basket Price: Wednesday, 11 August 2021, Stood at $70.52 a Barrel
Vienna, Austria, 12 August 2021 – The price of OPEC basket of thirteen crudes stood at $70.52 a barrel on Wednesday, compared with $70.13 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
OPEC Daily Basket Price: Tuesday, 10 August 2021, Stood at $70.13 a Barrel
Vienna, Austria, 11 August 2021 – The price of OPEC basket of thirteen crudes stood at $70.13 a barrel on Tuesday, compared with $70.66 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …