OPEC Daily Basket Price Stood at $62.56 a Barrel Friday, 26 March 2021
Vienna, Austria, 29 March 2021 – The price of OPEC basket of thirteen crudes stood at $62.56 a barrel on Friday, compared with $61.63 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), …
Digital Captain System Helps Gazprom Neft Reduce Costs of Arctic Oil Marine Logistics by 12%
The economic efficiency from the introduction of the digital Arctic logistics management system “Captain” for 2019-2020 amounted to 0.9 billion rubles. Thanks to the application of this system, the unit costs of Gazprom Neft for the export of 1 ton of Arctic oil have decreased by 12% in comparison with the years before …
Young LUKOIL Specialists Presented Oil and Gas Industry Development Projects at the International Forum in Ugra
Young specialists of LLC LUKOIL-Western Siberia (a 100% subsidiary of PJSC LUKOIL) presented innovative projects for the development of the oil and gas industry to experts of the fuel and energy complex within the framework of the IV International Youth Scientific and Practical Forum Oil Capital. The event was held with …
OPEC Daily Basket Price: Thursday, 25 March 2021, Stood at $61.63 a Barrel
Vienna, Austria, 26 March 2021 – The price of OPEC basket of thirteen crudes stood at $61.63 a barrel on Thursday, compared with $61.61 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), …
Yamal LNG Reaches Fifty Million Tons Milestone
Yamal LNG announced that it has shipped 50 million tons of LNG since the project’s commencement. The milestone cargo was loaded on the Arc7 ice-class tanker “Nikolay Zubov” and represented the 685th cargo of LNG dispatched since the first cargo in December 2017. In 2020, the facility produced 18.8 million …
Eni and SONATRACH Sign a Series of Agreements in the Upstream, Research and Development and Decarbonisation Sectors
The Chief Executive Officer of Eni, Claudio Descalzi, and the President General Manager of the Algerian state company SONATRACH, Toufik Hakkar, met today at the Eni headquarters in San Donato Milanese to take stock of common activities and sign various agreements in the exploration and production, research and development, decarbonisation …
LUKOIL Presents its Environmental Expertise with Respect to Baltic Fields Development
LUKOIL presented the environmental practices it engages in when developing offshore fields at the XXI Baltic Sea Day International Forum. The presentation touched upon the “zero discharge” technology that had first been employed by LUKOIL in the Baltic Sea. Since then, this principle has become standard for all offshore projects of LUKOIL. …
OPEC Daily Basket Price: Wednesday, 24 March 2021, Stood at $61.61 a Barrel
Vienna, Austria, 25 March 2021 – The price of OPEC basket of thirteen crudes stood at $61.61 a barrel on Wednesday, compared with $62.27 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), …
NOVATEK Obtains the North-Gydanskiy License Area
PAO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the North-Gydanskiy subsoil license area located in the Yamal-Nenets Autonomous Region on the Gydan Peninsula and partly in the shallow waters of Gydan Bay of the Kara …
RN-Burenie Celebrates 15 Years Since the Beginning of Production Activities
LLC RN-Burenie celebrates 15 years since its foundation. Today the enterprise is the leader of the Russian market of drilling companies with an extensive branch network and provides 50% of Rosneft’s drilling operations. Thanks to the introduction of new technologies, the improvement of the quality of services provided, as well as the …