Gazprom and Shell Expand Cooperation
Today, PJSC Gazprom and Shell concern signed a Strategic Cooperation Agreement for a period of five years. The signing ceremony took place via video conference in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Ben van Beerden, Chief Executive Officer of Royal Dutch Shell plc. The signed document …
NOV: Provides Operational Update for the First Quarter 2021
NOV Inc. announced today that it expects operational disruptions and softer-than-anticipated customer orders will cause first quarter 2021 operating results to fall below prior guidance. “Unfortunately, the extreme winter weather across Texas and Oklahoma, the ongoing effects of COVID-19 lockdowns, and the continued spending austerity from our oilfield customers are combining to take …
LLC Gazprom Dobycha Urengoy Vaccinates Shift Personnel Against COVID-19
On March 14, an off-site vaccination of workers against COVID-19 took place at the Senoman shift housing complex of the Office for the Operation of shift camps of the company. Centrally vaccinated 470 people working on a rotational basis in distant gas and gas condensate fields. Employees of the Medical and …
OPEC Daily Basket Price: Monday, 15 March 2021, Stood at $68.18 a Barrel
Vienna, Austria, 16 March 2021 – The price of OPEC basket of thirteen crudes stood at $68.18 a barrel on Monday, compared with $68.14 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), …
OPEC Daily Basket Price: Friday, 12 March 2021, Stood at $68.14 a Barrel
Vienna, Austria, 15 March 2021 – The price of OPEC basket of thirteen crudes stood at $68.14 a barrel on Friday, compared with $67.39 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 Dobycha Irkutsk has Patented a Method for the Development of Hydrocarbon Fields
Gazprom Dobycha Irkutsk received a patent for the invention of a new method for the development of a hydrocarbon field, which ensures independence from external energy sources, as well as the mobility and flexibility of power supply for drilling rigs. In addition, the service life of the equipment is increased …
Petrosibir: Production report for February 2021
Petrosibir’s total oil production during February 2021 amounted to 28,939 barrels, equivalent to 1,034 barrels per day. The table below summarises the average monthly / daily production in 2021 and 2020, broken down by region. 2020 2021 Average Jan Feb Total production Bashkiria 9 777 9 446 7 964 Come …
GEM Capital Holdings (CY) Ltd – Commencement of Compulsory Acquisition Process
On 14 December 2020, GEM Capital Holdings (CY) Ltd (“GEM”) made a cash offer (the “Offer”) to acquire the entire issued and to be issued ordinary share capital of Volga Gas plc (“Volga Gas” or the “Company”). Under the terms of the Offer, Volga Gas Shareholders are entitled to receive, …
Bashneft is Increasing its APG Utilization Capacity
Bashneft, a subsidiary of Rosneft, has completed the reconstruction of a gas pipeline to send associated petroleum gas (APG) from the Urshakskoye field to the Shkapovskoye gas processing plant in Bashkiria. As part of the reconstruction of the facility, a new gas pipeline was built, which will ensure uninterrupted supplies of …
Rosneft Driltec B2 Drilling Fluids Have Increased Standard Shelf Life
Specialists of RN-Lubricants and the Scientific Research Institute for Storage Problems of Rosrezerv jointly carried out work to extend the shelf life of the high-tech base for drilling fluids Rosneft Driltec B2. Previously, the standard shelf life of solutions in consumer warehouses was considered a period of up to one …