BP Expects to Discover Oil at New Block
BP, a British oil and gas company, conducts seismic surveys in the Caspian Sea to evaluate perspective hydrocarbon structures within the basin. The cooperation with BP continuing since 1992 is of the utmost importance in the development of oil and gas industry in Azerbaijan. Shortly, the company will begin seismic survey …
Kazakhstan to Divert Some Oil Flows from Europe to China
Kazakhstan plans to increase oil exports to China to 6-7 million tonnes a year from just 1 million tonnes at the expense of shipments to Europe, starting from the second half of 2020, Deputy Energy Minister Aset Magauov told Reuters. In order to do this, the Central Asian nation will …
OPEC Daily Basket Price: Thursday, 4 July 2019, Stood at $63.43 a Barrel
Vienna, Austria, 5 July 2019–The price of OPEC basket of fourteen crudes stood at $63.43 a barrel on Thursday, compared with $62.69 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), …
Total: Launches Phase 3 of the Dunga Field in Kazakhstan
Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan. Phase 3 of the Total-operated field will consist of adding wells to the existing infrastructure and upgrading the processing plant to increase its capacity by 10% …
OPEC Daily Basket Price: Wednesday, 3 July 2019, Stood at $62.69 a Barrel
Vienna, Austria, 4 July 2019–The price of OPEC basket of fourteen crudes stood at $62.69 a barrel on Wednesday, compared with $63.95 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), …
Murat Zhurebekov appointed Vice Minister of Energy of the Republic of Kazakhstan
By the Decree of the Government of the Republic of Kazakhstan Zhurebekov Murat Utemisovich was appointed to the post of Vice-Minister of Energy of the Republic of Kazakhstan. The press service of the Prime Minister of Kazakhstan reports. Murat Zhurebekov was born in 1978 in the Aktobe region. He graduated from Aktobe …
OPEC Daily Basket Price: Tuesday, 2 July 2019, Stood at $63.95 a Barrel
Vienna, Austria, 3 July 2019–The price of OPEC basket of fourteen crudes stood at $63.95 a barrel on Tuesday, compared with $65.71 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), …
Yamal LNG Has Produced Nine Million Tons of LNG in First Half 2019
OAO Yamal LNG (“Yamal LNG” and/or the “Project”) has announced that it has produced 9.0 million tons of LNG and 0.6 million tons of stable gas condensate in the first half 2019. All three LNG trains were running above nameplate capacity in the first half of 2019. For the same …
Volga Gas plc: Drilling Update and Production Report for June 2019
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for May 2019. Drilling Update Drilling of Uzen 4 horizontal sidetrack into the shallower Albian reservoir commenced on 16th March and completed on …
OPEC 176th Meeting Concludes
he 176th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Monday, 01 July 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People’s Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. …