Oil & Gas Operators

Gazprom Neft and Shell have agreed to expand their JV Salym Petroleum Development. The company’s portfolio of assets will include a license for the right to geological survey, exploration and production of conventional hydrocarbon reserves of the Salymsky 2 block in the Khanty Mansiisk Autonomous Region. Pursuant to the decision of the partners, Salym Petroleum Development N.V. (SPD) acquires from Gazpromneft …

Vienna, Austria, 17 January 2020—The price of OPEC basket of fourteen crudes stood at $65.62 a barrel on Thursday, compared with $65.32 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), …

Prestigious Gubkin Oil and Gas Awards to be Held For the First Time at RDCR 2020 Digitalization is the current “buzzword” across all major industrial sectors, and perhaps none more so than oil and gas. As part of the “Digital Energy” project, run under the patronage of Russia’s Deputy Prime …

Petrosibir’s total oil production during December 2019 amounted to 33,852 barrels, equivalent to 1,092 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2018 2019 Average Jan Feb Mar Apr May Jun Bashkiria 12 916 …

OPEC raised its forecast for oil demand growth in 2020 by 140 thousand barrels to 1.22 million barrels per day, the organization said in a report. The revision of the forecast is mainly related to the improvement of the forecast for the global economy in the current year. Also, the opinion …

Vienna, Austria, 16 January 2020—The price of OPEC basket of fourteen crudes stood at $65.32 a barrel on Wednesday, compared with $65.63 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), …

Crude Oil Price Movements The OPEC Reference Basket (ORB) value rose by $3.54, or 5.6%, month-on-month (m-o-m) in December, to average $66.48/b, the highest value since April 2019. Similarly, ICE Brent increased by $2.46, or 3.9%, m-o-m to average $65.17/b, while NYMEX WTI increased by $2.73, or 4.8%, m-o-m to …

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months ended 31 December 2019. In 2019, NOVATEK’s hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and …

Vienna, Austria, 15 January 2020—The price of OPEC basket of fourteen crudes stood at $65.63 a barrel on Tuesday, compared with $66.07 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), …

Vienna, Austria, 14 January 2020—The price of OPEC basket of fourteen crudes stood at $66.07 a barrel on Monday, compared with $67.02 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), Girassol (Angola), Djeno (Congo), …