OPEC Monthly Oil Market Report, September 2020
Crude Oil Price Movements Spot crude prices settled significantly lower in September, after four consecutive months of gains. The OPEC Reference Basket (ORB) fell by $3.65, or 8.1% m-o-m, to $41.54/b, while the year-to-date averaged $40.62/b. Crude oil futures prices on both sides of the Atlantic declined during September, for …
OPEC Daily Basket Price: Monday, 12 October 2020, Stood at $40.57 a Barrel
Vienna, Austria, 13 October 2020 – The price of OPEC basket of thirteen crudes stood at $40.57 a barrel on Monday, compared with $41.61 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), …
Rosneft Starts Engineering and Geophysical Research in the Eastern Arctic
A research expedition has started in the Eastern Arctic, organized by specialists of the Arctic Research Center LLC (part of the Rosneft Corporate Research and Development Complex). The multipurpose vessel “Capitan Voronin” within the framework of the expedition will perform engineering and geophysical work in the waters of the seas of …
Alexander Dyakonov Was Appointed as the Rector of AGNI
Alexander Dyakonov, Professor, Doctor of Technical Sciences, was appointed as a new rector of the Almetyevsk State Petroleum Institute. The presentation of a new head of AGNI (Almetyevsk State Petroleum Institute) took place at the Academic Council Extraordinary Meeting with the participation of Nail Maganov, Director General of TATNEFT, and Andrey Pominov, …
NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2020
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2020. In the third quarter 2020, NOVATEK’s hydrocarbon production totaled 150.4 million barrels of oil equivalent (boe), including 19.13 billion cubic meters (bcm) of natural gas and 3,024 thousand tons of liquids (gas condensate and crude …
OPEC Daily Basket Price: Friday, 9 October 2020, Stood at $41.61 a Barrel
Vienna, Austria, 12 October 2020 – The price of OPEC basket of thirteen crudes stood at $41.61 a barrel on Friday, compared with $41.06 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: Operational Update & Response to Shareholder Questions
The Board is pleased to update the market with news of progress at its flagship BNG Contract Area and of the acquisition of the Caspian Explorer. The Board is also pleased to announce that responses to shareholder questions received following the publication of the Group’s interim results will later today …
Petrosibir: Production Report for September 2020
Petrosibir’s total oil production during September 2020 amounted to 31,866 barrels, equivalent to 1,062 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 …
LUKOIL Proceeds with Filanovsky Field Phase Two Development
Deputy Prime Minister of the Russian Federation Yury Borisov and President of LUKOIL Vagit Alekperov launched phase two of the development drilling campaign of the Offshore Ice-Resistant Fixed Complex 2 (OIRFC 2) at Vladimir Filanovsky field in Astrakhan, Russia, today. The second phase aims to keep oil production at the …
Rosneft Holds Record-Breaking Scientific and Technical Online Conference
Rosneft held an online scientific and technical conference Digital Technologies in the Production and Processing of Hydrocarbons: From Models to Practice. The event brought together more than 500 representatives of industry enterprises, research organizations and universities from different cities of Russia, which is a record for the online format. Digitalization in …