LUKOIL Signed Memorandum on Production of Sulzer Oilfield Service Equipment in Kogalym
LUKOIL has signed a trilateral memorandum with Sulzer Ltd. and Kogalym Oilfield Equipment Service LLC (KNPO), which involves establishing a service company to maintain, repair and upgrade LUKOIL’s rotating equipment including compressors, pumps, etc. in the West Siberian region. The memorandum envisages the localization of spare parts production for energy-efficient …
PetroNeft Operations Update
PetroNeft (AIM: PTR) 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 an update on the progress of the re-entry of the C-3 well on the Cheremshanskoye field in Licence …
Exillon Energy plc: February Production Report
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of February 2020. · Our average daily production[1] was 13,463 bbl/day during the period. · Average daily production for Exillon TP …
Caspian Sunrise: New MJF Well Brings Aggregate Production up to 2000 bopd
The board is pleased to announce that New Well 153 has commenced production. Background Well 153, was the second of the MJF Phase 1 production wells drilled. It was spudded in mid-February 2020, and reached `Total Depth’ of 2,503 meters in early April 2020. Recently the first of several prospective …
OPEC Daily Basket Price: Thursday, 23 April 2020, Stood at $15.23 a Barrel
Vienna, Austria, 24 April 2020—The price of OPEC basket of thirteen crudes stood at $15.23 a barrel on Thursday, compared with $12.22 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 (Congo), …
Eni’s CEO Defers 50% of His Long-Term Incentive Until 2021. Company Senior Managers do the Same.
Eni’s Chief Executive Officer, Claudio Descalzi, will defer the collection of half of his 2020 long-term incentive plan until 2021. The decision has been made due to the current health emergency and the situation in the oil & gas sector, and it joins the company’s measures to reduce investment and …
Eni: First Quarter 2020 Results
Eni’s Board of Directors yesterday approved the consolidated results for the first quarter of 2020 (not subject to audit). Having examined the results, Eni CEO Claudio Descalzi said: “The period since March has been the most complex period the global economy has seen for more than 70 years. For the …
OPEC Daily Basket Price: Wednesday, 22 April 2020, Stood at $12.22 a Barrel
Vienna, Austria, 23 April 2020—The price of OPEC basket of thirteen crudes stood at $12.22 a barrel on Wednesday, compared with $14.63 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 (Congo), …
Condor Announces COO Passing
Condor Petroleum Inc. announces with profound sadness, that Mr. William Hatcher, cherished friend and a long-time and valued member of Condor’s executive team, has passed away. The employees, management and board of directors of Condor extend our deepest condolences to Mr. Hatcher’s family. Bill had a long and distinguished career …
Gazprom Neft Begins Production of Antiseptics
Gazprom Neft began production of antiseptic solutions as part of the Antivirus program to counteract the spread of COVID-19. The volume of the first batch amounted to 85 tons. New products are packaged in cans of 1, 4 and 20 liters. The reserve capacities of Gazpromneft-Lubricants enterprises in the Moscow Region and Nizhny …