Rosneft: Discovers a New Unique Gas Field in the Kara Sea
The State Reserves Commission confirmed the discovery by Rosneft of a new Arctic gas field in the Kara Sea and recommended that FGU NPP Rosgeolfond put the field on state records in the author’s version with gas reserves of 800 billion m3. In honor of the 75th anniversary of the …
OPEC Daily Basket Price: Tuesday, 8 December 2020, Stood at $47.79 a Barrel
Vienna, Austria, 9 December 2020 – The price of OPEC basket of thirteen crudes stood at $47.79 a barrel on Tuesday, compared with $47.77 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 Improves the Efficiency of Oil Production from Low-Permeability Reservoirs
Gazprom Neft has developed and successfully tested an innovative method of increasing oil recovery, which makes it possible to triple oil production from low-permeability reservoirs. The new jet tunneling technology * was tested in the Eastern section of the Orenburg field, developed by Gazpromneft-Orenburg. The economic effect from the introduction of technology …
OPEC Daily Basket Price: Friday, 4 December 2020, Stood at $48.35 a Barrel
Vienna, Austria, 7 December 2020 – The price of OPEC basket of thirteen crudes stood at $48.35 a barrel on Friday, compared with $47.46 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), …
Caspian Sunrise PLC: Operational & Regulatory Update, Financial Update, Management & Board Changes, Shareholding Update
BNG Deep Wells Progress has been made with our deep wells but to date none are yet producing at commercial quantities. Deep Well A5 We have struggled for some time with another stuck pipe this time at the point at which the side track commences. After several weeks attempting to …
Opening Remarks to the 180th Meeting of the OPEC Conference
Delivered by HE Abdelmadjid Attar, Algeria’s Minister of Energy and President of the OPEC Conference, at the 180th Meeting of the OPEC Conference, 30 November 2020, via videoconference. Your Royal Highness, Excellencies, distinguished delegates, It gives great pleasure to welcome you all to the 180th Meeting of the OPEC Conference. I would …
OPEC Daily Basket Price: Friday, 27 November 2020, Stood at $46.79 a Barrel
Vienna, Austria, 30 November 2020–The price of OPEC basket of thirteen crudes stood at $46.79 a barrel on Friday, compared with $46.66 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), Girassol (Angola), Djeno …
RN-Uvatneftegaz: Starts Production Drilling at a New Field – Pikhtovye
The RN-Uvatneftegaz company, which is part of the oil and gas production block of NK Rosneft, has started production drilling at a new field – Pikhtovoye, whose recoverable reserves amount to 8.5 million tons of oil. The reserves of the field are classified as hard-to-recover, for their development it is …
NOVATEK Completes First Ship-to-Ship LNG Transshipment in the Murmansk Region
PAO NOVATEK announced today that NOVATEK-Western Arctic, a wholly owned subsidiary, completed Russia’s first ship-to-ship LNG transshipment in the Kildin Strait of the Barents Sea. The Arc7 ice-class LNG tanker “Nikolay Yevgenov” successfully reloaded an LNG cargo delivered from the Yamal LNG facility at Sabetta to the conventional tanker “Yamal …
NOVATEK: Partners Held a Regular Virtual Meeting to Discuss Status of Arctic LNG 2
PAO NOVATEK announced that a regular working meeting was held regarding the status of Arctic LNG 2 project (“Project”) with the respective management of the partner companies. The working meeting, which took place in the form of a videoconference, was attended by Leonid Mikhelson (NOVATEK), Patrick Pouyanné (TOTAL), Huang Yongzhang …