Oil & Gas Operators

Vienna, Austria, 9 September 2019–The price of OPEC basket of fourteen crudes stood at $60.75 a barrel on Friday, compared with $60.58 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), …

Gazprom Neft has begun drilling wells at one of Russia’s largest oil and gas condensate fields — the Chayandinskoye, with proactive pilot development scheduled to start in Q4 2019. Gazprom Neft is developing the Chayandinskoye oil-rim deposit under an operatorship agreement with Gazprom Dobycha Noyabrsk LLC. A production well built by Gazprom Neft will be used initially for core and …

Gazprom Neft, together with the Russian Federal Geological Fund (Rosgeolfond, a state budgetary institution), has tested the first ever digital scheme for submitting state statistical reports on changes in hydrocarbon reserves to the State Register of Mineral Reserves, with a digital form being successfully used by Gazprom Neft’s largest subsidiary, Gazpromneft-Noyabrskneftegaz with assistance from specialists from the …

As part of the 5th Eastern Economic Forum, Rosneft has held a round table with leading representatives of the energy industry of Japan and heads of major Japanese corporations. Participants of the event discussed the prospects of cooperation and the existing projects of Rosneft and Japanese companies.  The event was …

Rosneft Oil Company and Far Eastern Federal University (FEFU) have signed a contract for research aimed to determine the structural behaviour of deformed ice for the design of marine hydraulic structures, during the 5th Eastern Economic Forum. The scope of work under the contract provides for studies of deformed ice …

Vienna, Austria, 5 September 2019–The price of OPEC basket of fourteen crudes stood at $58.97 a barrel on Wednesday, compared with $57.81 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), …

In the presence of the Minister of Economic Development of the Russian Federation Maxim Oreshkin and the Minister of Economy, Trade and Industry of Japan Hiroshige Seko, PAO NOVATEK (“NOVATEK” and/or the “Company”) and Saibu Gas Co., Ltd. (Japan), signed the Heads of Agreement (the “Agreement”).                                                    According to the Agreement, …

During the Eastern Economic Forum in Vladivostok, PAO NOVATEK announced that the participants of OOO Arctic LNG 2 approved a final investment decision (“FID”) for the Arctic LNG 2 project, consisting of the development of the Utrenneye field and the construction of a natural gas liquefaction plant on the Gydan …

During a meeting between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi held at the Eastern Economic Forum in Vladivostok, PAO NOVATEK (“NOVATEK” and/or “the Company”) and Petronet LNG Limited (“Petronet LNG”), India, signed a Memorandum of Understanding (the “MoU”) on future natural gas cooperation. The MoU envisages …

Today, during the Eastern Economic Forum in Vladivostok, PAO NOVATEK and H-Energy Global Ltd, India, signed a Memorandum of Understanding. The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of NOVATEK, as well as establishing a …