RusGazBurenie and Schlumberger Sign MOU
An agreement was signed on the 18-th of March 2021 in Moscow. RusGazBurenie LLC and Schlumberger have partnered together with a Memorandum of Understanding for technological cooperation. The document was signed by Ilkam Mukhametshin, General Director of RusGazBurenie, and Yuri Pankov, RUL Managing Director. The new agreement is a logical …
OPEC Daily Basket Price: Tuesday, 4 May 2021, Stood at $66.67 a Barrel
Vienna, Austria, 5 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.67 a barrel on Tuesday, compared with $65.09 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), …
Petrosibir: New Reserves – Bashkiria
Following the successful drilling of the first exploration well on the Suyanovskoye licence, 51% of which is owned by Petrosibir, the Company prepared and successfully filed a reserves report with the State Reserves Committee. The authorities have now approved and registered C1 reserves of 6.4 million barrels and C2 reserves …
ConocoPhillips Reports First-Quarter 2021 Results; Declares Quarterly Dividend; Announces Debt-Reduction Plan and Intention to Begin Sales of Cenovus Shares with Proceeds to Fund Incremental Buybacks; Schedules Midyear Market Update
ConocoPhillips today reported first-quarter 2021 earnings of $1.0 billion, or $0.75 per share, compared with a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share. Excluding special items, first-quarter 2021 adjusted earnings were $0.9 billion, or $0.69 per share, compared with first-quarter 2020 adjusted earnings of $0.5 billion, or …
TATNEFT: Figures Demonstrating Operation Results in April and Four Months of 2021
Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 2,231.1 thousand tonnes of crude oil in April 2020 with the production volume from the beginning of the year amounting to 8,693.8 thousand tonnes, which was 580.6 thousand tonnes less than during the same period in 2020. PJSC TATNEFT’s …
OPEC Daily Basket Price: Monday, 3 May 2021, Stood at $65.09 a Barrel
Vienna, Austria, 4 May 2021 – The price of OPEC basket of thirteen crudes stood at $65.09 a barrel on Monday, compared with $65.42 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), …
Severneftegazprom: Five Billion Cubic Metres Turonian Gas Produced
Severneftegazprom, a joint venture of Wintershall Dea, Gazprom, and OMV, is successfully advancing the development of the hard-to-recover Turonian deposits of the Yuzhno-Russkoye oil, gas and condensate field in Western Siberia. In April 2021, the company reached an important milestone: five billion cubic metres of Turonian gas produced since the …
Rosneft Opens a Unique School of Geosteering
Rosneft has opened the world’s first Geosteering School designed to train highly qualified specialists in the field of drilling support. The school was opened on the basis of the corporate Center for Geological Drilling Support (TsGSBS). The curriculum includes more than 10 specialized courses. Comprehensive development of scientific and technological potential …
Bashneft Reduced the Load on the Atmospheric Air by 8%
ANK Bashneft, which is part of NK Rosneft, has reduced the total load on the atmospheric air by 8% in 2020. This result was achieved thanks to the implementation of environmental projects and production modernization programs. Preserving the environment for future generations is an integral part of Rosneft’s corporate culture and …
RN-Yuganskneftegaz Produces 2.5 Billion tons of Oil
Since the beginning of field development in 1964, the oil workers of RN-Yuganskneftegaz have produced 2.5 billion tons of oil. This is 20% of all oil produced in the Khanty-Mansi Autonomous Okrug-Yugra. This volume can be compared to a train of 36 million wagons that wrapped the globe more than 10 times. …