Volga Gas: Preliminary Results of Reservoir Study
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is providing the following update on the preliminary reserves estimates in its Vostochny Makarovskoye (“VM”) and Dobrinskoye fields. As previously announced, on 17 July 2019 following unsuccessful sidetrack wells on the VM#2 …
Rosneft Implements AI System on Drilling Rigs
Rosneft is implementing an artificial intelligence (AI) system on its drilling rigs operating on the fields in Orenburg Region. Specialists from Orenburgneft JSC have conducted successful pilot tests of Russia’s first automated drilling management system. Technological potential development is one of the key items of the Rosneft-2022 Strategy. The Company …
OPEC Daily Basket Price: Thursday, 23 January 2020, Stood at $63.26 a Barrel
Vienna, Austria, 24 January 2020—The price of OPEC basket of fourteen crudes stood at $63.26 a barrel on Thursday, compared with $64.66 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), …
OPEC Daily Basket Price: Wednesday, 22 January 2020, Stood at $64.66 a Barrel
Vienna, Austria, 23 January 2020—The price of OPEC basket of fourteen crudes stood at $64.66 a barrel on Wednesday, compared with $65.26 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), …
SMNG has Signed a Contract for Seismic Exploration Offshore in India
JSC Severmorneftegeofizika (SMNG, a subsidiary of ROSGEO) and the Indian state oil and gas corporation ONGC have signed a contract for 2D and 3D offshore seismic surveys on the Indian continental shelf. The SMNG technical and commercial proposal was again recognized as the best according to the results of the …
Condor Receives a Further US$18.7 Million for Sale of Oilfields in Kazakhstan
Condor Petroleum Inc. is pleased to announce the receipt of a further US$18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan. In October 2019 the Company received an initial deposit of US$3.8 million of the total US$24.6 million sales …
NOVATEK’s 2019 Organic Reserve Replacement Reached 252%
PAO NOVATEK today announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2019. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 16,265 million barrels of oil equivalent (boe), including 2,234 billion …
OPEC Daily Basket Price: Tuesday, 21 January 2020, Stood at $65.26 a Barrel
Vienna, Austria, 22 January 2020—The price of OPEC basket of fourteen crudes stood at $65.26 a barrel on Tuesday, compared with $66.11 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), …
Caspian Sunrise: Acquisition of the Caspian Explorer
The Board of Caspian Sunrise is pleased to announce the proposed acquisition of the Caspian Explorer, a drilling vessel capable drilling exploration wells to depths of up to 6,000 meters in extremely shallow water, for a consideration of $25 million to be satisfied by the issue of 160,256,410 new Ordinary …
BP Chief Financial Officer Brian Gilvary to Retire and be Succeeded by Murray Auchincloss
The board of BP p.l.c. today announced that Brian Gilvary, BP chief financial officer (CFO), has decided to retire from the company and step down from the BP board on 30 June 2020. Gilvary has had a 34-year career with BP, including over eight years as CFO. He will be succeeded by Murray …