Oil & Gas Operators

Rosneft transferred to twenty-five oilfield services and oil and gas companies over 30 commercial and more than 40 test licenses for the right to use RN-GRID, the first industrial hydraulic fracturing simulator (hydraulic fracturing) in Eurasia. The Company also transferred over 50 academic licenses to four leading partner universities for the …

Rosneft has installed monitoring stations for drilling data with artificial intelligence in heavy drilling rigs. This was announced by Eric Liron, First Vice President of PJSC NK Rosneft, in his speech at the Vth Conference of the Upstream Technologies Company. “Over the past 5 years, the volume of drilling at the …

Vienna, Austria, 18 October 2019–The price of OPEC basket of fourteen crudes stood at $59.54 a barrel on Thursday, compared with $59.28 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), …

Russian oil giant Rosneft has temporarily suspended works at one block in Iraq’s semi-autonomous region of Kurdistan due to security concerns because of the blocks’ proximity to the Syrian border, Rosneft’s First Vice President, Eric Maurice Liron, said on Thursday. Rosneft has signed several agreements with Kurdistan dating back from 2017 and 2018 to …

Uzbekneftegaz and SOCAR are set to explore the opportunities for joint oil production in the Caspian Sea, the Uzbekistan Ministry of Energy said. The First Deputy Minister of Energy of Uzbekistan, Jurabek Mirzamakhmudov and Chairman of Uzbekneftegaz, Bakhodir Sidikov during the talks in Baku with SOCAR President, Rovnag Abdullayev discussed …

Vienna, Austria, 17 October 2019–The price of OPEC basket of fourteen crudes stood at $59.28 a barrel on Wednesday, compared with $59.62 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), …

On Thursday October 10, The Moscow Times reported that Rosneft’s ambitious Arctic plans could be put on hold if the company fails to secure 2.6 trillion rubles ($40 billion) in tax cuts from the Russian government. The state-owned oil company is looking to sell a 40% stake in one of its most …

From the 7th to the 10th of October the Offshore energy exhibition and conference (OEEC) took place in Amsterdam (Netherlands), in which a delegation of Kazakhstan oilfield service organizations and enterprises participated. OEEC is a significant event in Europe, it is an exhibition, in which participate representatives of all offshore …

Today in Abu Dhabi (UAE), as part of the state visit of Vladimir Putin, the President of the Russian Federation, Accession to the Ghasha Concession Agreement with a 5% share was signed by Vagit Alekperov, President of PJSC LUKOIL, and His Excellency Dr. Sultan Ahmed Al Jaber, Group CEO of …

Vienna, Austria, 16 October 2019–The price of OPEC basket of fourteen crudes stood at $59.62 a barrel on Tuesday, compared with $59.95 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), …