PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Petrogrand Loan facility In January 2018 PetroNeft agreed a loan facility for up to US$2 million …
PetroNeft Resources: Signs Offtake and Road Contract for C4 Well
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide the following financing and operational update: Highlights Strategic step forward on Licence 67 towards year-round production and development of Cheremshanskoye …
NOVATEK: First Russian Cryogenic Pump Successfully Tested at Yamal LNG
PAO NOVATEK announced today that the first large-scale cryogenic pump manufactured in Russia was successfully tested at the Yamal LNG project. The cryogenic pump was designed and manufactured by Afrikantov OKB Mechanical Engineering (part of JSC Atomenergomash). The cryogenic pump tests were conducted at Yamal LNG’s current LNG tank storage …
Petrosibir: Production Report for November 2020
Petrosibir’s total oil production during November 2020 amounted to 31,659 barrels, equivalent to 1,055 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. TOTAL PRODUCTION, BBL 2019 2020 Average Jan Feb Mar Apr May Jun Bashkiria 10 469 …
OPEC Daily Basket Price: Friday, 11 December 2020, Stood at $49.58 a Barrel
Vienna, Austria, 14 December 2020 – The price of OPEC basket of thirteen crudes stood at $49.58 a barrel on Friday, compared with $48.87 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: Successfully Tests BURINTECH’s Rotary Steerable System
The Russian rotary steerable system (RSS) was successfully tested at the Yuzhno-Priobskoye field of Gazprom Neft. The equipment is designed for drilling complex wells with a large length of horizontal and directional sections. Duplication of the technology will significantly reduce the cost of equipment and improve the economics of the well construction …
Rosneft Sells Equinor 49% Share in KrasGeoNats for $550 million
PJSC NK Rosneft and Equinor have closed the deal, as a result of which the Norwegian company acquires 49% of LLC KrasGeoNats. KrasGeoNats holds twelve exploration and production licenses for areas with traditional reserves located onshore in Eastern Siberia. Among them: Danilovsky (including the Severo-Danilovskoye field), Preobrazhensky, Verkhneichersky, Mogdinsky, Vostochno-Sugdinsky, Sanarsky …
NOVATEK and Siemens Energy Signed Agreement to Decarbonize LNG Production
Today, PAO NOVATEK and Siemens Energy signed a Strategic Partnership and Cooperation Agreement (“Agreement”). According to the Agreement, the Parties intend to jointly develop and implement high-tech solutions to produce LNG, electricity, hydrogen and other products to maintain sustainable development initiatives and achieve the Parties’ goals to reduce their carbon …
bp and Amazon Deepen their Successful Relationship
bp and Amazon have agreed to extend their longstanding relationship, with bp to supply additional renewable energy to power Amazon’s operations, and Amazon Web Services (AWS) enabling the acceleration of bp’s programme to digitise its infrastructure and operations. bp sees building relationships with major corporate partners such as Amazon as …
OPEC Daily Basket Price: Wednesday, 9 December 2020, Stood at $48.31 a Barrel
Vienna, Austria, 10 December 2020 – The price of OPEC basket of thirteen crudes stood at $48.31 a barrel on Wednesday, compared with $47.79 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), …