Condor Receives CA$5.1 Million Deposit for the Shoba and Taskuduk Oilfields Sale
Condor Petroleum Inc. is pleased to announce that its wholly owned subsidiary, Falcon Oil & Gas Ltd has received the CA$5.1 million initial deposit (US$3.8 million at the current exchange rate of 1.33) as part of the overall CA$32.7 million total proceeds Falcon is to receive for the sale of …
BP Chief Executive Bob Dudley to Retire, to be Succeeded by Bernard Looney
The Board of BP announced today that, after a 40-year career with BP and over nine years as group chief executive, Bob Dudley, 64, has decided to step down as group chief executive and from the BP Board following delivery of the company’s 2019 full year results on 4 February 2020 and will retire …
Caspian Sunrise: Workover Boosts Production Numbers, Two Thirds Sold on World Oil Prices
The Board of Caspian Sunrise are pleased to announce significantly improved production and revenue numbers for September 2019, from the shallow wells at its flagship BNG Contract Area. Oil produced in September 2019, was 40,826 barrels (36,530 barrels in August 2019) at the rate of 1,361 bopd (1,178 bopd in …
TMG Worldwide Announce New Portfolio Event under the “Well Engineering Forum” Series
TMG Worldwide are pleased to announce the launch of the inaugural West African Well Engineering Forum. WAWEF 2020, in partnership with the Ghana National Petroleum Corporation and local partners Soluserv GH Ltd, will take place at the Marriott Hotel Accra on the 20th February. The forum will follow the successful …
OPEC Daily Basket Price: Wednesday, 2 October 2019, Stood at $58.72 a Barrel
Vienna, Austria, 3 October 2019–The price of OPEC basket of fourteen crudes stood at $58.72 a barrel on Wednesday, compared with $59.65 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), …
Volga Gas: Production Report for September 2019
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for September 2019. Production Report The average production in September 2019 was 3,814 barrels of oil equivalent per day (13% lower than August 2019). Lower production …
Rosneft Discovers New Field Offshore Sakhalin
As part of its exploration campaign, Rosneft Oil Company has successfully completed the drilling of the first prospecting and appraisal well at the Vostochno-Pribrezhny license block on the shelf of Sakhalin Island, resulting in the discovery of a new oil field. The well was drilled by Rosneft’s own drilling contractor …
Rosneft Applies 3D-Seismic Surveys to Improve Production Drilling
Specialists of RN-KrasnoyarskNIPIneft LLC (a subsidiary of Rosneft’s Corporate Research and Development Complex) have completed a pilot project to re-process and re-interpret 3D-seismic data acquired during the exploration of the Vankor field in 2003-2005. The use of updated seismic data has allowed to reduce geological risks of drilling, as well …
Rosneft Held Extraordinary General Meeting of Shareholders
Rosneft’s Extraordinary General Meeting of Shareholders was held on 30 September, 2019 in form of absentee voting. Holders of 91.89% of the Company’s shares participated in the meeting. Shareholders approved the dividend payment for H1 2019 in the amount of 15 rubles 34 kopecks per one issued share of the …
OPEC Daily Basket Price: Tuesday, 1 October 2019, Stood at $59.65 a Barrel
Vienna, Austria, 2 October 2019–The price of OPEC basket of fourteen crudes stood at $59.65 a barrel on Tuesday, compared with $61.09 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 …