Gazprom Neft and PwC Russia will Jointly Develop Technologies for Oil Production
Gazprom Neft and PwC Russia will jointly develop technologies for oil production Gazprom Neft will develop intelligent digital solutions for geology and oil production together with PwC in Russia . The Memorandum of Strategic Cooperation was signed at the St. Petersburg International Economic Forum by Vadim Yakovlev, Deputy Chairman of …
3A Best Farm Out & the First Charter for the Caspian Explorer
The Board of Caspian Sunrise is pleased to provide the following operational update. 3A Best The Board is pleased to announce that Eragon Petroleum FZE, its 100% subsidiary, has entered into a farm out agreement with a local partner under which that partner has agreed to complete the outstanding work programme commitments …
KPO Announces New General Director
Karachaganak Petroleum Operating B.V. (KPO) announced today that Giancarlo Ruiu will lead KPO starting June the 2nd 2021 as the new KPO General Director, replacing Gabriele Giona, who has been appointed for Eni in Egypt as Managing Director of Agiba Petroleum Company. “I would like to welcome the new KPO …
Vagit Alekperov and Alexey Miller Discuss Joint Project in Nenets Region
President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller had a business meeting today at the St. Petersburg International Economic Forum. The parties put a premium on the matter of development of the Vaneyvisskoye and Layavozhskoye fields located in the Nenets Autonomous District, Russia. …
NOVATEK and Glencore sign Heads of Agreement on LNG Supply
PAO NOVATEK announced that as part of today’s Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and an affiliate of Glencore Plc signed a Heads of Agreement for the long-term supply of LNG from the Arctic LNG 2 project. The Agreement established the …
NOVATEK and Zhejiang Energy Sign Heads of Agreement on LNG Supply
PAO NOVATEK announced that as part of today’s Saint-Petersburg International Economic Forum, its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Zhejiang Energy Gas Group Co., Ltd, a subsidiary of the Zhejiang Provincial Energy Group signed a Heads of Agreement for the long-term supply of LNG from …
OPEC Daily Basket Price: Tuesday, 1 June 2021, Stood at $69.01 a Barrel
Vienna, Austria, 2 June 2021–The price of OPEC basket of thirteen crudes stood at $69.01 a barrel on Tuesday, compared with $68.53 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), …
17th OPEC and Non-OPEC Ministerial Meeting concludes
The 17th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, concluded on Tuesday, 1 June 2021. The Meeting noted the ongoing strengthening of market fundamentals, with oil demand showing clear signs of improvement and OECD stocks falling as the economic recovery continued in most parts of the world as …
OPEC, Russia Seen Gaining more Power with Shell Dutch Ruling
Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch Shell (RDSa.L), ExxonMobil (XOM.N) and Chevron (CVX.N) are all under pressure to cut carbon emissions faster. That’s good news for the …
Gazprom Neft and Repsol’s Cutting-Edge Technology to Help Develop One of Khanty Mansi Autonomous Okrug-Yugra’s most Challenging Fields
Eurotek-Yugra, a joint venture of Gazprom Neft and Repsol, has drilled a multilateral well with a total length of over 9.4 km at the Ervier field in the Khanty-Mansi Autonomous Okrug-Yugra. The initial flow rate exceeded 120 tonnes of oil per day — six times higher than the productivity of previously built wells in that area. The new well has become one …