LUKOIL and KazMunayGas Sign Agreement on Al-Farabi Project
President of LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas (KMG) Alik Aidarbayev signed an agreement on the Al-Farabi Project (formerly I-P-2 license block) in the Kazakh Sector of the Caspian Sea. The agreement defines rights and obligations of LUKOIL and KMG as future license …
Verkhnechonskneftegaz has Introduced Technology for the Rational Use of APG at the Severo-Danilovskoye Field
The Verkhnechonskneftegaz company, which is part of the oil and gas production complex of NK Rosneft, at the first stage of the development of the Severo-Danilovskoye field, introduced a technology for the rational use of associated petroleum gas (APG) for power generation. For this, a 4 MW mobile power center was …
Taas-Yuryakh Neftegazodobycha Produced the 15 millionth Ton of Oil
Taas-Yuryakh Neftegazodobycha, a subsidiary of Rosneft, has produced the 15 millionth ton of oil since the start of commercial production of the Srednebotuobinskoye oil and gas condensate field in 2013. Along the way with oil, the company produced almost 5.5 billion m3 of gas. Over 20 years of development, production at …
PetroNeft: Successful Testing of Mini Oil Refinery
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licence 61 and 67 is pleased to announce the successful testing of the mini oil refinery on Licence 61 ahead of schedule. Highlights Successful testing of mini refinery …
OPEC Daily Basket Price: Wednesday, 7 October 2020, Stood at $40.45 a Barrel
Vienna, Austria, 8 October 2020 – The price of OPEC basket of thirteen crudes stood at $40.45 a barrel on Wednesday, compared with $40.33 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), …
Russian President Vladimir Putin Congratulated Gazprom Neft on its 25th Anniversary
Russian President Vladimir Putin congratulated the Gazprom Neft team on the 25th anniversary of the company. In the telegram, the head of state noted: “Since then, Gazprom Neft has become one of the successful, competitive domestic oil and gas companies, has become one of the recognized leaders in the production, processing and sale of petroleum …
OPEC Daily Basket Price: Monday, 5 October 2020, Stood at $39.08 a Barrel
Vienna, Austria, 6 October 2020 – The price of OPEC basket of thirteen crudes stood at $39.08 a barrel on Monday, compared with $38.09 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), …
RDCR & KDR Combine and Go Virtual in 2020!
Join us Online for a Combined RDCR & KDR on the 4th December 2020 Due to the current worldwide travel restrictions, the organising committee will combine RDCR and KDR in 2020 to host what will be the largest virtual gathering of Russian and Kazakh drilling and production experts yet seen …
Volga Gas: Hits Potentially Significant Discovery
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce a potentially significant discovery of a new oil field in its ongoing exploration drilling programme. As announced on 14 August 2020 and in the Interim Report released on …
OPEC Daily Basket Price: Friday, 2 October 2020, Stood at $38.09 a Barrel
Vienna, Austria, 5 October 2020 – The price of OPEC basket of thirteen crudes stood at $38.09 a barrel on Friday, compared with $39.94 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), …