PetroNeft: Operational Update – Licence 67
PetroNeft 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 announce the successful re-entry of the C-4 well on the Cheremshanskoye field in Licence 67 and commencement of oil sales for …
Eni with Italy to Fight Against Coronavirus
To supports those who are at the front line to manage the healthcare emergency in the country, and based on its experience in healthcare projects worldwide, Eni puts in place a number of healthcare and social activities that will be immediately operational. Eni is the only partner of Fondazione Policlinico …
OPEC Daily Basket Price: Thursday, 12 March 2020, Stood at $33.25 a Barrel
Vienna, Austria, 13 March 2020—The price of OPEC basket of fourteen crudes stood at $33.25 a barrel on Thursday, compared with $35.54 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), …
Russia’s LUKOIL Calls for Oil Producing States to Cooperate Over Virus Impact
Russia’s second-largest oil company Lukoil urged crude producing countries on Wednesday to continue cooperating to tackle the impact of the coronavirus on the energy market. Lukoil head Vagit Alekperov also told investors on a conference call that he expected a meeting this month of a panel of experts from OPEC …
Oil Falls 4% as Coronavirus Pandemic Prompts Trump Travel Ban
Oil prices fell for the second straight day on Thursday amid a broad decline in global markets after the United States banned travel from Europe following the World Health Organization’s decision to declare the coronavirus outbreak a pandemic. The slump in oil is being compounded by the threat of a …
Petrosibir: Production Report for February 2020
Petrosibir’s total oil production during February 2020 amounted to 45,431 barrels, equivalent to 1,567 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. 2019 2020 Average Jan Feb Total production Bashkiria 10 469 10 622 9 782 Komi …
OPEC Daily Basket Price Stood at $35.54 a Barrel Wednesday, 11 March 2020
Vienna, Austria, 12 March 2020—The price of OPEC basket of fourteen crudes stood at $35.54 a barrel on Wednesday, compared with $35.71 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), …
OPEC Monthly Oil Market Report
The OPEC Reference Basket (ORB) value fell sharply in February, tumbling by about $10, or 15%, month-on-month (m-o-m), to settle at an average of $55.49/b, its lowest since September 2017. The ORB dropped further in March, to close at $34.71/b on 9 March. Similarly, ICE Brent fell in February by …
Caspian Sunrise PLC: February 2020 Production Numbers & an Operational Summary
The Board of Caspian Sunrise is pleased to update the market with February 2020 production numbers and an Operational Summary. February 2020 oil production figures The total number of barrels produced in February 2020, was 38,626 (January 2020, 44,169) at a daily rate of 1,332 bopd (January 2020, 1,425). The decline in daily production resulted principally …
Orenburgneft Received a Record Oil production from Carbonate Formations
Specialists of Orenburgneft JSC, a Rosneft subsidiary, commissioned the first horizontal wells in the carbonate formations of Perm deposits *. Thanks to the selection of the optimal method for developing subsoil with a complex geological structure, the starting production rate was 100 tons of oil per day. This is a record indicator …