Oil & Gas Operators

Eni formally committed today not to perform oil and gas exploration and development activities within the boundaries of Natural Sites included in the UNESCO World Heritage List. The commitment gives official recognition to a policy that Eni is already following in its operations. It is another important step in the …

President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the Memorandum, the parties intend to consider possible cooperation in the …

Vienna, Austria, 24 October 2019–The price of OPEC basket of fourteen crudes stood at $60.42 a barrel on Wednesday, compared with $59.78 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 …

TMG Worldwide are pleased to confirm their partnership with the Ghana National Petroleum Corporation to organise and host the inaugural West African Well Engineering Forum. Following the format of the successful series of “Well Engineering Forums” in the TMG Worldwide portfolio, WAWEF 2020 will bring together the largest gathering of …

Vienna, Austria, 23 October 2019–The price of OPEC basket of fourteen crudes stood at $59.78 a barrel on Tuesday, compared with $59.50 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 …

PAO NOVATEK (“NOVATEK” and/or the “Company”) today announced that Yamal LNG has received notification from TC LNG Shipping L.L.C. (“TC LNG”), the joint-venture owning the Arc7 ice-class tankers, that joint-venture is no longer considered a “Blocked Person” under the US Department of the Treasury’s Office of Foreign Asset Control or …

Vienna, Austria, 22 October 2019–The price of OPEC basket of fourteen crudes stood at $59.50 a barrel on Monday, compared with $60.06 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 …

The Third High-level Meeting of the OPEC-China Energy Dialogue was held on in Vienna, Austria on 21 October 2019. The Meeting was co-chaired by HE Zhang Jianhua, Administrator of the National Energy Administration, People’s Republic of China and OPEC Secretary General, HE Mohammad Sanusi Barkindo. HE Dr. Sun Xiansheng, Secretary …

Gazprom Neft and the Abu Dhabi National Oil Company (ADNOC) have entered into a Framework Agreement on Strategic Cooperation. The companies will explore opportunities for implementing joint projects in the upstream and downstream sectors, as well as in information technologies, artificial intelligence, and other areas. Vladislav Baryshnikov, Deputy CEO, International Business Development and a member of …

MOSCOW (Reuters) – Russia produced more oil in September than envisaged by a global deal due to an increase in gas condensate output as the country prepared for winter, local news agencies reported on Sunday. Russian oil output C-RU-OUT edged down to 11.25 million barrels per day (bpd) last month …