Oil & Gas Operators

MOSCOW (Reuters) – BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to six trading sources. Russia’s oil industry was plunged into a crisis in April after about 5 million tonnes of oil for export …

The Board of Caspian Sunrise is pleased to provide an operational update at its flagship BNG Contract Area. First export licence sales from MJF We are pleased to confirm that a contract has  been signed with an international oil trading group for the first 29,000 barrels of oil to be …

Vienna, Austria, 21 August 2019–The price of OPEC basket of fourteen crudes stood at $59.94 a barrel on Tuesday, compared with $59.46 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), …

H1 2019 AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.81 MMBOE, DEMONSTRATING A 1.8% GROWTH YOY H1 2019 AVERAGE DAILY LIQUIDS PRODUCTION REACHED 4.68 MMBPD, UP BY 2.1% YOY SAMOTLOR FIELD PRODUCTION STABILIZED AT 0.38 MMBPD GAS PRODUCTION IN H1 2019 AMOUNTED TO 33.43 BCM, UP BY 0.3% YOY REFINING DEPTH …

EBITDA increased by 12% YoY to RUB 1,063 bln with a margin improvement to 25% 1H 2019 Net income jumped by 9% YoY to RUB 325 bln, including by 1.5 times QoQ to RUB 194 bln Reduction of financial debt and trading liabilities by more than RUB 800 bln since …

Vienna, Austria, 20 August 2019–The price of OPEC basket of fourteen crudes stood at $59.56 a barrel on Monday, compared with $59.13 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), …

Gazprom Neft subsidiary Gazpromneft-Badra has now produced 13.5 million tonnes — or 100 million barrels — of oil. Cumulative production at the Badra field in the five years since this asset went into commercial operation has reached 100 million barrels — the first shipment of liquid hydrocarbons having taken place in 2014. Oil production at the field stands at more than …

Gazpromneft-Orenburg is using the latest environmental monitoring stations and modern mobile laboratories to expand its environmental monitoring system. The business’s total investment in environmental initiatives in 2019 is expected to exceed RUB1.8 billion. Gazpromneft-Orenburg has finished putting in place a fleet of cutting-edge mobile environmental laboratories (eco-labs), with the most recent — built on a KamAZ chassis — being launched during a day shift at the …

The joint venture Natural Gas-Stream, established by Uzbekneftegaz and the Gas Project Development Central Asia (a subsidiary of Gazprom International), is implementing an investment project in north-west of Uzbekistan, a representative of the Ministry of Energy of Uzbekistan told Trend in an interview. The project envisages exploration work on the investment blocks …

Vienna, Austria, 19 August 2019–The price of OPEC basket of fourteen crudes stood at $59.13 a barrel on Friday, compared with $58.87 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), …