Oil & Gas Operators

Gazprom Neft has won the license to the Pervormaisky block, and is also expanding the boundaries of fields it is already developing in the Orenburg Oblast. Gazprom Neft continues its development of a promising exploration cluster in the south—west of the Orenburg Oblast, with the company due to secure the license to the Pervomaisky block before the end of the year. Covering an area …

The Sayan Polaris multipurpose icebreaker will further enhance safety and reliability in operations on the Prirazlomnoye project in the Barents Sea The Sayan Polaris, built in 2018, is owned by Sevnor Management AS and has been leased to Gazprom Neft Shelf. It will be used as a supply vessel, a floating hotel and, when necessary, will undertake emergency response and rescue operations. The …

Vienna, Austria, 21 November 2019–The price of OPEC basket of fourteen crudes stood at $62.22 a barrel on Wednesday, compared with $62.51 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), …

Union Minister for Petroleum and Steel Dharmendra Pradhan visited the Sakhalin oil field and processing facilities in Russia. Sakhalin oil field is a joint project of India and Russia which was initiated during the tenure of late former Prime Minister Atal Bihari Vajpayee. Oil & Natural Gas Company’s subsidiary ONGC Videsh Ltd …

The government is discussing with the consortium Karachaganak Petroleum Operating (KPO) an increase in compensation for a dispute over the calculation of oil revenues from the Karachaganak field, said Deputy Energy Minister Murat Zhurebekov. “We have not yet completed these negotiations. Perhaps there will be a revision of some parameters of …

Vienna, Austria, 20 November 2019–The price of OPEC basket of fourteen crudes stood at $62.51 a barrel on Tuesday, compared with $63.44 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), …

RN-Uvatneftegaz, a subsidiary of Rosneft Oil Company, has discovered a new oil field, Sosnovoye, with total C1+C2 reserves of 4.2 million tonnes. An industrial oil flow with a flow rate of more than 22 cubic metres per day was obtained at an appraisal well. The Sosnovoye field is located within …

Vienna, Austria, 19 November 2019–The price of OPEC basket of fourteen crudes stood at $63.44 a barrel on Monday, compared with $63.12 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), …

Vienna, Austria, 18 November 2019–The price of OPEC basket of fourteen crudes stood at $63.12 a barrel on Friday, compared with $63.00 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), …

TATNEFT Company and JSC “KazMunayGas” National Company” signed a “Roadmap” to ensure the implementation of the PJSC TATNEFT’s advanced experience in the oil and gas industry of the Republic of Kazakhstan. The document was signed during the visit of N.U. Maganov, General Director of TATNEFT to Nur-Sultan Republic of the …