Oil & Gas Operators

Vienna, Austria, 12 December 2019–The price of OPEC basket of fourteen crudes stood at $65.38 a barrel on Wednesday, compared with $65.66 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), …

PetroNeft, the 50% owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce a conditional placing of 107,755,037 shares at a price of 1.5p. Highlights: Gross proceeds of US$2.12 million raised at £0.015 per share in a placing with institutional and other investors, a …

Crude Oil Price Movements  The OPEC Reference Basket (ORB) price rose by $3.03, or 5.1%, month-on-month (m-o-m) in November settling at $62.94/b. In November, ICE Brent averaged $3.08, or 5.2%, higher m-o-m at $62.71/b, while NYMEX WTI rose by $3.06, or 5.7%, m-o-m averaging $57.07/b. Year-to-date (y-t-d), ICE Brent averaged …

Gazprom Neft subsidiary Gazpromneft-Zapolyarye has begun liquid hydrocarbon production at the Zapadno-Tarkosalinskoye field in the Yamalo-Nenets Autonomous Okrug. Commercial oil inflow from the first horizontal well stands at 380 tonnes per day, with potential to increase to 600 tonnes. The commissioning of the first high-tech well marks the start of pilot development of the oil-bearing section of the Zapadno-Tarkosalinskoye oil …

Gazprom Neft is the first vertically integrated oil company (VIOC) in Russia to bring the monitoring of all equipment at automated filling stations together in a single “smart” system — its “Infrastructure Monitoring Centre” (IMC). The IMC’s automatic monitoring and predictive analytics capacities mean equipment status and filling stations’ fuel-quality and safety operational processes can be monitored online. The …

Gazprom Neft has begun active development of an oil-rim deposit at the Chayandinskoye oil and gas condensate field. Commercial inflow at the first production well is more than 150 tonnes of oil per day. The company plans to produce up to three million tonnes of oil equivalent (mtoe) per year, going forward. Gazprom Neft subsidiary Gazpromneft-Zapolyarye has begun shipping commercial …

Vienna, Austria, 11 December 2019–The price of OPEC basket of fourteen crudes stood at $65.66 a barrel on Tuesday, compared with $65.57 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), …

OAO Yamal LNG announced the operational start of the new Arc7 ice-class LNG tanker “Yakov Gakkel”, representing the fifteenth and final Arc7 ice-class tanker built specifically for the Project. The “Yakov Gakkel” has loaded the 354th LNG cargo in the port of Sabetta bound to China. The Project’s Arc7 ice-class …

Vienna, Austria, 10 December 2019–The price of OPEC basket of fourteen crudes stood at $65.57 a barrel on Monday, compared with $65.24 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), …

The Board of Caspian Sunrise is pleased to provide an operational update from the Company’s flagship BNG Contract Area, together with November 2019 production numbers. Deep Wells Deep Well A5 As previously announced the side-track from a depth of 3,796 meters successfully reached a depth of 4,044 meters without incident, …