Yamal LNG Increased Shipments to the Asian Pacific Markets via NSR
AO NOVATEK announced today, that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (“NSR”) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned …
Kazakhstan Seeks Additional $1 Billion From Shell, Eni Unit
Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter. The claim from the Central Asian nation’s government comes on top of last …
OPEC Daily Basket Price: Monday, 30 September 2019, Stood at $61.09 a Barrel
Vienna, Austria, 1 October 2019–The price of OPEC basket of fourteen crudes stood at $61.09 a barrel on Monday, compared with $62.51 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 …
Zoltav Resources: H1 2019 Results – Revenue Down 24%, Operating Profit Down 45%
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2019. Financial Summary · Revenues declined by 24% to RUB 632 million (USD 9.7 million) (H1 2018: RUB 831 million (USD 14 million)) · Total cost of sales was 2% lower at RUB 533.9 million (USD 8.2 million) (H1 2018: RUB …
NOVATEK’s Statement on COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. Inclusion into SDN List
In respect of the US Department of the Treasury’s Office of Foreign Assets Control order of including COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. into the Iran-related Specially Designated Nationals (“SDN”) list, as well as Teekay LNG Partners L.P. (“Teekay LNG”) statement, …
ConocoPhillips Completes $2.7 Billion Sale of United Kingdom E&P Subsidiaries
ConocoPhillips today completed its previously announced transaction to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly held the company’s exploration and production assets in the U.K., as well as approximately $1.8 billion in asset retirement …
Caspian Sunrise: Sidetracking and Well Service Ops Progressing Well, Well Pads Under Construction
BNG Operational Update Deep Well 8 Deep Well A8 is the third deep well drilled on the Airshagyl structure and the fourth deep well in total on the BNG Contract Area. Previous announcements referred to the existence of a 159 meter carbonate interval, of which 52.5 meters is of porous …
OPEC Daily Basket Price: Friday, 27 September 2019, Stood at $62.51 a Barrel
Vienna, Austria, 30 September 2019–The price of OPEC basket of fourteen crudes stood at $62.51 a barrel on Friday, compared with $62.31 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), …
PetroNeft: H1-2019 Interim Results
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to report its results for the 6 months ended 30 June 2019. Highlights Gross production from Licence 61 in H1 2019 was …
Kazakhstan Considers $1 Billion Gas Plant with Kashagan Partners
NUR-SULTAN (Reuters) – Kazakhstan and a consortium of oil majors developing the giant Kashagan oil and gas field are considering building a $1 billion gas processing plant nearby, Kazakh Deputy Energy Minister Murat Zhurebekov told Reuters on Thursday. The Central Asian nation has given up the idea of building a …