Oil & Gas Operators

Vienna, Austria, 11 October 2019–The price of OPEC basket of fourteen crudes stood at $58.71 a barrel on Thursday, compared with $58.65 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), …

An explosion occurred on an Iranian tanker off the coast of Saudi Arabia, it caught fire. The ship of the Iranian national oil company was sailing 97 kilometers off the coast of Saudi Arabia at the time of the incident, local media reported. Two main storage tanks were reportedly damaged. This …

PAO NOVATEK announced today that Arcticgas, a joint venture between NOVATEK and PAO Gazprom Neft, commenced commercial production at the East-Urengoyskoye+North-Esetinskoye field within the Samburgskiy license area, with estimated annual production capacity of more than one (1) billion cubic meters of natural gas and 0.2 million tons of gas condensate.   …

PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2019. In the third  quarter 2019, NOVATEK’s hydrocarbon production totaled 145.2million barrels of oil equivalent (boe), including 18.31 billion cubic meters (bcm) of natural gas and 3,041 thousand tons of liquids (gas condensate and crude oil), …

Crude Oil Price Movements  The OPEC Reference Basket (ORB) rose $2.74, or 4.6%, month-on-month (m-o-m) in September to settle at $62.36/b, supported by concerns about supply disruptions and geopolitical risks. In September, ICE Brent averaged $2.79, or 4.7%, m-o-m higher at $62.29/b, while NYMEX WTI rose m-o-m by $2.12, or …

Experts of Verkhnechonskneftegaz JSC, a subsidiary of Rosneft Oil Company, have successfully implemented a physical and chemical method of enhanced oil recovery and achieved a 54% increase in additional oil production using this technology in 2018 compared to 2017. The method feature is to redistribute the volume of injected water …

Vienna, Austria, 10 October 2019–The price of OPEC basket of fourteen crudes stood at $58.65 a barrel on Wednesday, compared with $58.53 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), …

Vienna, Austria, 9 October 2019–The price of OPEC basket of fourteen crudes stood at $58.53 a barrel on Tuesday, compared with $59.09 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), …

Sumatec Resources Bhd has received a notice from CaspiOilGas LLP (COG), owned by its executive vice-chairman Tan Sri Halim Saad, terminating a joint investment agreement (JIA) for the Rakushechnoye oil field project in Kazakhstan. In its filing to Bursa Malaysia today, Sumatec said SOG received the termination notice effective October …

Vienna, Austria, 8 October 2019–The price of OPEC basket of fourteen crudes stood at $59.09 a barrel on Monday, compared with $58.59 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 …