Oil & Gas Operators

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 February 2020. Production Report The average production in February 2020 was 4,208 barrels of oil equivalent per day (3% lower than January 2020). The gas plant unit was working …

Vienna, Austria, 2 March 2020—The price of OPEC basket of fourteen crudes stood at $50.16 a barrel on Friday, compared with $51.89 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), …

Rosneft’s specialists have implemented the voice assistant module in an integrated digital environment for monitoring, analyzing and designing RN-KIN fields. Testing the module showed that with the help of a voice assistant, an employee using corporate software throughout the working day will be able to search for the necessary information to …

Rosneft has sold more than 200 commercial licenses for the use of the RN-GRID software package, which is used to perform all operations and engineering calculations in the design of hydraulic fracturing. The largest Russian and international oilfield services and oil and gas companies became software buyers. As part of the …

Specialists of the RN-hydraulic fracturing service company at the Prirazlomnoye field (part of RN-Yuganskneftegaz, a Rosneft subsidiary) conducted a 10,000-well hydraulic fracturing operation with a full design cycle in the first Russian hydraulic fracturing simulator RN-GRID. The introduction of our own simulator for the design of hydraulic fracturing operations ensured …

Rosneft’s geological drilling support centers provided 100% control over the well drilling support processes. The accumulated economic effect of the measures taken today is more than 1.2 billion rubles. The company’s specialists have created new areas for the collection and processing of information. This, in particular, interpretation of data from geophysical …

Vienna, Austria, 27 February 2020—The price of OPEC basket of fourteen crudes stood at $54.01 a barrel on Wednesday, compared with $55.88 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), …

BP today announced that, following an in-depth review examining the alignment of the climate-related policies and activities of trade associations with BP’s positions, it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western States Petroleum Association (WSPA) and the Western Energy Alliance (WEA). Earlier this month …

Vienna, Austria, 26 February 2020—The price of OPEC basket of fourteen crudes stood at $55.88 a barrel on Tuesday, compared with $56.11 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), …

Kazakh state oil and gas firm KazMunayGaz plans to float its shares in October or November this year, deputy chief executive Zhakyp Marabayev said on Tuesday. Marabayev, speaking at a meeting at the energy ministry, provided no other details. Kazakhstan has said it would sell a stake of up to …