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), …
New Tanker RN Primorye Made its First Voyage to Deliver Oil Products from Nakhodka to Sakhalin
The new tanker RN Primorye made the first voyage to deliver oil products (gasoline and diesel fuel) from the port of Nakhodka to the Korsakovskaya oil depot of RN-Vostoknefteprodukt on Sakhalin Island. The vessel was loaded by a subsidiary of the Company – RN – Marine Terminal Nakhodka. The new tanker …
Rosneft: Restructuring of the Management Board
In order to improve coordination in a complex sanitary and epidemiological situation, as well as to increase production and economic efficiency and strengthen interaction with the largest regional divisions of Rosneft on the implementation of promising projects in oil and gas production, designed to become the locomotives of the Company’s …
TATNEFT: Figures Demonstrating Operation Results in September and for Nine Months of 2020
Crude Oil Production Enterprises of the TATNEFT Group of Companies produced 2,104 thousand tonnes of crude oil in September with the production volume from the beginning of the year amounting to 19,548 thousand tonnes, which was 2,803.7 thousand tonnes less than during the same period in 2019. PJSC TATNEFT’s production …
Volga Gas: Production & Drilling Update Report – September 20
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for September 2020. Production Report The average production in September 2020 was 3,975 barrels of oil equivalent per day (7.9% lower than August 2020). This decrease was …
G20 Energy Ministers Strive for Sustainable Development and Market Stability
HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF) participated in the G20 Energy Ministerial Meeting and reaffirmed its commitment to greater international cooperation in ensuring the resilience of energy systems and affordable and secure energy for all. The two-day deliberations acknowledged the unprecedented impact that the …
OPEC Daily Basket Price: Wednesday, 30 September 2020, Stood at $40.65 a Barrel
Vienna, Austria, 1 October 2020 – The price of OPEC basket of thirteen crudes stood at $40.65 a barrel on Wednesday, compared with $41.46 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), …
Rosneft Started Developing Hard-to-Recover Reserves from the Preobrazhensky Horizon
The Verkhnechonskneftegaz company, which is part of the oil and gas production complex of NK Rosneft, has begun pilot work to develop hard-to-recover reserves of the Preobrazhensky horizon at the Verkhnechonskoye oil and gas condensate field. The cycle of hydrodynamic and geophysical studies to assess the production potential of the reservoir …
VSNK Produced the Jubilee 10 Millionth ton of Oil
The East Siberian Oil and Gas Company (VSNK, a production asset of Rosneft) has produced 10 million tons of oil since the beginning of the development of the Yurubcheno-Tokhomskoye field (YTM) in the Evenki municipal district of the Krasnoyarsk Territory. Achievement of this cumulative production indicator was made possible due …