SPD: Sets a New Drilling Record
In November, a new performance level was achieved for “days per 1,000 meters drilled” indicator during construction of one of wells in the South Hub: 2.65 days / 1,000 m, while the target indicator for the current year is 3.85 days / 1,000 m. As a result, a horizontal well was drilled in …
ExxonMobil: In Memory of Glenn Waller
It is with great sadness we inform that December 16, ExxonMobil Russia Inc. President and Exxon Neftegas Ltd. Chairman Glenn Waller passed away. He was at his home in Sydney, Australia, surrounded by his beloved family. Glenn Waller has studied and worked in Russia for over 25 years. A former …
OPEC Daily Basket Price Stood at $50.12 a Barrel Wednesday, 16 December 2020
Vienna, Austria, 17 December 2020 – The price of OPEC basket of thirteen crudes stood at $50.12 a barrel on Wednesday, compared with $49.61 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), …
OPEC Daily Basket Price: Tuesday, 15 December 2020, Stood at $49.61 a Barrel
Vienna, Austria, 16 December 2020 – The price of OPEC basket of thirteen crudes stood at $49.61 a barrel on Tuesday, compared with $49.65 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 Neft: Developing an Innovation Center for Researching Unconventional and Hard-to-Recover Reserves in Yugra
Gazpromneft – Technological Partnerships opened new laboratories at the Core Research Center in Khanty-Mansiysk. The project, with a total investment of 1.3 billion rubles, will create the most modern site in Russia for studying hard oil rock samples and accelerate the development of technologies for developing the Bazhenov formation. The …
bp Acquires Majority Stake in Largest US Forest Carbon Offset Developer Finite Carbon
New investment creates bp majority stake in offset developer Aiming for rapid growth of firm through bp’s business accelerator, Launchpad Finite Carbon targeting expansion that will deliver further $1 billion revenue to small landowners by 2030 bp has acquired a majority stake in carbon offset developer Finite Carbon, building on …
LUKOIL Recognized Highest International Mass Communication Award for Promoting Innovation in the Oil Industry
PJSC LUKOIL was awarded the Grand Prix, as well as victories in two nominations at once in the Eventiada IPRA Golden World Awards, the largest in Eastern Europe and Central Asia, in the field of mass communications. Starting this year, the competition is being held in partnership with the United …
Slavneft-Megionneftegaz: Successfully Tests Continuum Frac Technology
Slavneft-Megionneftegaz has successfully tested the Continuum Frac technology, which significantly reduces the cost of operating wells after multi-stage hydraulic fracturing (MSHF) *. Under the round-the-clock supervision of the company’s specialists and service companies, 8 stages of hydraulic fracturing were performed using the new method. The advantage of the technology is that …
OPEC Daily Basket Price: Monday, 14 December 2020, Stood at $49.65 a Barrel
Vienna, Austria, 15 December 2020–The price of OPEC basket of thirteen crudes stood at $49.65 a barrel on Monday, compared with $49.58 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), Girassol (Angola), Djeno …
Rosneft: Discovers Third Unique Field in the Kara Sea
Rosneft has discovered a new Arctic gas field with total reserves of 514 bcm of gas and 53 million tons. condensate as a result of prospecting and appraisal drilling at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea. In accordance with the decision of the State Commission, the deposit is registered with …