Oil & Gas Operators

OPEC Daily Basket Price: Tuesday, 25 May 2021, Stood at $67.41 a Barrel

Vienna, Austria, 26 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.41 a barrel on Tuesday, compared with $66.93 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), …

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Oil & Gas Operators

Orenburgneft Will Save More than 1 million Rubles when Repairing One Well

The specialists of Orenburgneft JSC (the producing asset of Rosneft) have developed a technology for cleaning the well after hydraulic fracturing (hydraulic fracturing). This technology reduces the well completion period by 13 hours and saves more than 1.3 million rubles. The potential average annual economic effect after the introduction of the technology …

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Oil & Gas Operators

A Collective Agreement was Signed at LUKOIL Technologies

LUKOIL-Technologies (100% subsidiary of PJSC LUKOIL) approved a Collective Agreement. The document regulating social and labor relations and mutual obligations of the employees of the enterprise and the employer was adopted for the first time. The document was signed by Rinald Khamidullin, General Director of OOO LUKOIL-Technologies, and Irina Savelyeva, Chairman of …

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Oil & Gas Operators

TATNEFT’s Board of Directors Summed Up the First Quarter Operation Results of 2021

A regular meeting of the Board of Directors of PJSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on May 25, 2021. The meeting reviewed performance results of the Company’s budget for four months of 2021 and approved the budget for June, as …

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Oil & Gas Operators

Rosneft Develops a Software Package for Modeling Oil and Gas Mixture Flows

RN-BashNIPIneft specialists have developed and released the first industrial version of the RN-SIMTEP simulator designed to simulate the movement of oil and gas mixture flows at oil and gas facilities. Having your own simulator will allow you to apply artificial intelligence technologies when choosing the best design solutions. The development of …

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Oil & Gas Operators

OPEC Daily Basket Price: Monday, 24 May 2021, Stood at $66.93 a Barrel

Vienna, Austria, 25 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.93 a barrel on Monday, compared with $64.18 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …

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Oil & Gas Operators

Gazprom Neft Creates an Accelerator for Upstream Startups

Gazprom Neft will launch an acceleration program to support technology start-ups and solutions in hydrocarbon exploration and production, Industry 4.0, capital construction and alternative energy. On May 24, at the international technology conference Startup Village, Alexey Vashkevich, Director for Technological Development of Gazprom Neft, spoke about the new direction in the …

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Oil & Gas Operators

LUKIOL: Sergei Sobyanin and Vagit Alekperov Open New Museum

Mayor of Moscow Sergei Sobyanin and President of LUKOIL Vagit Alekperov took part in today’s opening of LUKOIL Corporate Museum’s public exhibit. The exhibit became part of the LUKOIL museum complex along with the restored Oil Pavilion at VDNKh. The grand opening commemorates the 300th anniversary of Russian oil industry and …

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Oil & Gas Operators

Kazakhstan Delegation Visits LUKOIL’s Industrial Facilities in the Astrakhan Region

The delegation of the Republic of Kazakhstan visited LUKOIL’s facilities in the Astrakhan region. Among the delegation members were Chairman of the Management Board of the Samruk-Kazyn Sovereign Wealth Fund Almasadam Satkaliyev, Vice-Minister of Energy of the Republic of Kazakhstan Zhumabay Karagaev, and Chief Executive Officer of KazMunayGas National Company Alik Aidarbayev. With LUKOIL …

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Oil & Gas Operators

OPEC Daily Basket Price: Thursday, 20 May 2021, Stood at $65.29 a Barrel

Vienna, Austria, 21 May 2021 – The price of OPEC basket of thirteen crudes stood at $65.29 a barrel on Thursday, compared with $65.95 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), …

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