OPEC Daily Basket Price: Monday, 6 January 2020, Stood at $70.89 a Barrel
Vienna, Austria, 7 January 2020—The price of OPEC basket of fourteen crudes stood at $70.89 a barrel on Monday, compared with $69.39 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), …
Volga Gas plc: Production Report For December 2019
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 December 2019 and for the full year 2019. Production Report The average production in December 2019 was 4,505 barrels of oil equivalent per day …
NOVATEK Obtains the Bukharinskiy License Area
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the Bukharinskiy subsoil license area located on the Gydan Peninsula and partly in the shallow waters of the Ob and Taz bays in the …
OPEC Daily Basket Price: Thursday, 19 December 2019, Stood at $67.93 a Barrel
Vienna, Austria, 20 December 2019–The price of OPEC basket of fourteen crudes stood at $67.93 a barrel on Thursday, compared with $67.77 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), …
NOVATEK Launches the North-Russkoye Field
PAO NOVATEK announced that NOVATEK-Tarkosaleneftegas, a wholly owned subsidiary, commenced pilot production at the North-Russkoye field, with estimated annual production capacity of 5.7 billion cubic meters of natural gas and 700 thousand tons of gas condensate. The North-Russkoye field is the first launch of the North-Russkiy block of fields, which …
Rosneft Increases Resource Base of Verkhnechonskoye Field
Rosneft has increased the resource base of the Verkhnechonskoye oil and gas condensate field (within the Verkhnechonskoye licence area) by 51.8 million tonnes of oil and condensates in the AB1B2 category and by 66.4 bcm of gas in the B1B2 category. The remaining recoverable reserves of the field have increased …
Rosneft Implements Unique Project on Injecting APG in Underground Gas Storage
Verkhnechonskneftegaz, an enterprise of the upstream complex of Rosneft Oil Company, has implemented an associated petroleum gas (APG) efficient utilisation project. For the first time in East Siberia, the technology for injecting APG in a temporal underground gas storage facility has been applied at the Verkhnechonskoye field. The uniqueness of …
OPEC Daily Basket Price: Wednesday, 18 December 2019, Stood at $67.77 a Barrel
Vienna, Austria, 19 December 2019–The price of OPEC basket of fourteen crudes stood at $67.77 a barrel on Wednesday, compared with $67.48 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), …
TMG Worldwide is Celebrating 15 Years of ROGTEC Magazine! Would You Like to Get Published in 2020?
Much has changed in the oil and gas market since we first published ROGTEC Magazine back in December of 2004. Often the price of oil has been too low (or at certain times perhaps too high!) to be sustainable, and in Russia we have faced a market that has had …
OPEC Daily Basket Price: Tuesday, 17 December 2019, Stood at $67.48 a Barrel
Vienna, Austria, 18 December 2019–The price of OPEC basket of fourteen crudes stood at $67.48 a barrel on Tuesday, compared with $67.22 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), …