OPEC Daily Basket Price: Tuesday, 17 September 2019, Stood at $67.89 a Barrel
Vienna, Austria, 18 September 2019–The price of OPEC basket of fourteen crudes stood at $67.89 a barrel on Tuesday, compared with $66.43 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), …
Oil Prices Soar After Attacks on Saudi facilities
Oil prices ended nearly 15% higher on Monday, with the Brent benchmark seeing its biggest jump in about 30 years. The rise came after two attacks on Saudi Arabian facilities on Saturday knocked out about 5% of global supply. Brent crude initially surged 20% at the start of trading, but …
Caspian Sunrise: Interim Results for the Period Ended 30 June 2019
Mr. Nurlybek Ospanov, Caspian Sunrise PLC’s Chief Geologist / Technical Director who is a member of the Society of Petroleum Engineers (“SPE”), has reviewed and approved the technical disclosures in this announcement. The information contained within this announcement is deemed by the Company to constitute inside information under Market Abuse …
OPEC Daily Basket Price: Monday, 16 September 2019, Stood at $66.43 a Barrel
Vienna, Austria, 17 September 2019–The price of OPEC basket of fourteen crudes stood at $66.43 a barrel on Monday, compared with $60.02 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 (Congo), …
Kvaerner: Targets FPSO Market
Kvaerner establishes two new focus areas to grow its operations within both oil and gas projects and in renewable industries. With the new focus areas, the group is aiming for around 40 per cent growth within a few years, compared to revenues in 2018. The company will continue to be …
OPEC Daily Basket Price Stood at $60.02 a Barrel Friday, 13 September 2019
Vienna, Austria, 16 September 2019–The price of OPEC basket of fourteen crudes stood at $60.02 a barrel on Friday, compared with $60.51 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), …
5th KDR Anniversary is Underway
The 5th KDR Well Engineering Forum is underway with a packed hall listening to keynote speeches from KazPetroDrilling, KMG and ENI. TMG Worldwide would like to thank all our sponsors, presenters and delegates for marking this 5th Anniversary Event.
Rosneft: Company Statement on Venezuelan Operations
In connection with statements by US special envoy Elliott Abrams, Rosneft reaffirms its position regarding the Company’s operations in Venezuela. Rosneft is an investor in the oil and gas sector of Venezuela and has been such long before the introduction of US sanctions against Venezuela. Accordingly, any attempt to restrict the …
Rosneft: Begins Production Drilling at the Chaprovskoye Field
Rosneft has begun production drilling at the third field of the Erginsky cluster – Chaprovskoye. By the end of the year, it is planned to drill 8 directional and 4 horizontal wells. Drilling production wells based on the successful results of exploration is conducted by a specialized subsidiary of RN-Drilling Company using …
LUKOIL: Acquires 25% Interest in the Marine XII Project in Congo
PJSC LUKOIL announces the closure of the acquisition of a 25% interest in the Marine XII project in the Republic of Congo from New Age M12 Holdings Limited. The transaction was closed after all suspensive conditions were met, including the approval of the government of the Republic of the Congo.