Oil & Gas Operators

Vienna, Austria, 15 November 2019–The price of OPEC basket of fourteen crudes stood at $63.00 a barrel on Thursday, compared with $62.48 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), …

Crude Oil Price Movements  The OPEC Reference Basket (ORB) value declined by $2.45, or 3.9%, month-on-month (m-o-m) in October to settle at $59.91/b. In October, ICE Brent was on average $2.65, or 4.3%, m-o-m lower at $59.63/b, and NYMEX WTI fell m-o-m by $2.96, or 5.2%, to average $54.01/b. Year-to-date …

Vienna, Austria, 14 November 2019–The price of OPEC basket of fourteen crudes stood at $62.48 a barrel on Wednesday, compared with $62.82 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), …

Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2019 together with the related management’s discussion …

Eni announces the industrial deployment of ECHELON, an advanced dynamic reservoir simulator, for optimization of field monitoring, development and production. ECHELON software allows to run thousands of parallel reservoir simulations in a record timeframe, further accelerating projects time-to-market. This technology will support Eni in managing uncertainty while improving early understanding …

Vienna, Austria, 12 November 2019–The price of OPEC basket of fourteen crudes stood at $62.26 a barrel on Monday, compared with $61.98 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), …

LUKOIL, Russia’s second largest oil producer, does not plan to invest in Saudi Aramco’s planned initial public offering, its CEO and biggest shareholder, Vagit Alekperov, told reporters on Monday. Saudi state oil giant Aramco plans to start the offering, set to rank it as the world’s most valuable company, on …

NUR-SULTAN (Reuters) – Kazakhstan believes an increased cost estimate for the Tengiz oilfield expansion is too high and wants oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, …

Vienna, Austria, 11 November 2019–The price of OPEC basket of fourteen crudes stood at $61.98 a barrel on Friday, compared with $62.32 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), …

Iran has discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said on Sunday. “Workers and the exploration arm of the National Iranian Oil Company …have found an oilfield with 53 billion barrels of …