Oil & Gas Operators

Epsilon Receives 1 Million Cubic Meters of Gas Inflow Per Day at Nazarkuduk-4 Well (Video)

On September 26 at 00:30, after hydraulic fracturing at the Nazarkuduk-4 well, a gas inflow of 1 million cubic meters per day was received. As the press service of the company reports, the gas production is intended for the domestic market. Follow Kun.uz to stay up-to-date with current events

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Oil & Gas Operators

Novatek Says It Has Enough Gas For Third LNG Plant In Russia

Russia’s largest independent natural gas producer, Novatek, expects its recently added gas field licenses will provide enough gas to warrant the construction of a third large liquefied natural gas (LNG) plant in Russia, Novatek’s chief executive Leonid Mikhelson said on Thursday. Novatek will have “the necessary resource base for another LNG project …

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Oil & Gas Operators

OPEC Daily Basket Price: Thursday, 26 September 2019, Stood at $62.31 a Barrel

Vienna, Austria, 27 September 2019–The price of OPEC basket of fourteen crudes stood at $62.31 a barrel on Thursday, compared with $62.35 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), …

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Oil & Gas Operators

NOVATEK: Record Oil Flow Rate Well Completed at the Yarudeyskoye Field

PAO NOVATEK announced today, that Yargeo, NOVATEK joint venture, successfully completed well number 68 targeting the Jurassic layers at the Yarudeyskoye field, utilizing a horizontal length of 1,068 meters as part of the well construction design. Initial daily well flow rate amounted to 1,010 tons, representing the field’s best well …

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Oil & Gas Operators

OPEC Daily Basket Price: Wednesday, 25 September 2019, Stood at $62.35 a Barrel

Vienna, Austria, 26 September 2019–The price of OPEC basket of fourteen crudes stood at $62.35 a barrel on Wednesday, compared with $63.93 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), …

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Oil & Gas Operators

NOVATEK, Mitsui O.S.K. Lines and JBIC Signed Cooperation Agreement

PAO NOVATEK Mitsui O.S.K. Lines, Ltd. (MOL) and Japan Bank for International Cooperation (JBIC) signed a Cooperation Agreement confirming the parties’ intentions to implement projects for the construction of a marine LNG transshipment complexes in the territory of Kamchatka and Murmansk region, including possible acquisition of participation interest in Projects …

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Oil & Gas Operators

Eni Launches New Corporate Mission Integrating Sustainability into its Business

Eni is continuing its transformation by launching a new corporate mission. Inspired by the United Nations’ 17 Sustainable Development Goals (SDGs), Eni’s mission sets out the company’s values regarding climate change, the environment, access to energy, cooperation and partnerships for development, and the respect for people and human rights. The …

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Oil & Gas Operators

Uzbekistan Says Three Upstream Gas Deals Close to Signing

Uzbekistan plans to sign at least three deals with large foreign energy companies this year and five more next year as it aims to boost its natural gas output, chief executive of state energy firm Uzbekneftegaz said on Friday. The list of potential partners in exploration and development agreements includes …

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Oil & Gas Operators

Condor to Sell Shoba and Taskuduk Oilfields for CA$32.7 Million

Condor Petroleum Inc. is pleased to announce that its wholly owned subsidiary, Falcon Oil & Gas Ltd has entered into a binding agreement to sell Falcon’s 100% interests in the Shoba and Taskuduk production contracts and associated field equipment for US$24.6 million which, at the current exchange rate of 1.33 …

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Oil & Gas Operators

OPEC Daily Basket Price: Tuesday, 24 September 2019, Stood at $63.93 a Barrel

Vienna, Austria, 25 September 2019–The price of OPEC basket of fourteen crudes stood at $63.93 a barrel on Tuesday, compared with $64.51 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), …

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