OPEC Daily Basket Price: Monday, 1 July 2019, Stood at $65.71 a Barrel
Vienna, Austria, 2 July 2019–The price of OPEC basket of fourteen crudes stood at $65.71 a barrel on Monday, compared with $65.60 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 Developed and Successfully Tested New Superhard Materials
Gazprom Neft’s Science and Technology Center has completed successful trials with a prototype of drill bit blades for drilling equipment that are made from a new superhard material, tungsten pentaboride. The design of this unique material was ordered by Gazprom Neft, and it is 30% stronger and twice more resistant to high temperatures than its alternatives used to manufacture the …
Representatives of Leading Investment Companies Visit Rosneft Production Facilities in Eastern Siberia
Representatives of leading investment companies visited the production facilities of Rosneft Oil Company in Eastern Siberia. The event was attended by more than 30 analysts from global investment banks (including Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, JP Morgan) and portfolio managers from investment funds …
KNDC: Launches State-of-Art Drilling Training Facility at the Tengiz Field
KNDC, the leading drilling contractor in Kazakhstan, has launched a new state-of-art drilling training facility in the Tengiz field. The full-size DS5000 simulator features the very latest technology by Drilling Systems company. This technology realistically mirrors the environment of a land rig so that staff can fine-tune their skills in …
OPEC Daily Basket Price: Friday, 28 June 2019, Stood at $65.60 a Barrel
Vienna, Austria, 1 July 2019–The price of OPEC basket of fourteen crudes stood at $65.60 a barrel on Friday, compared with $65.61 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), …
NOVATEK, Mitsui and JOGMEC Sign Sale Agreement for Arctic LNG 2 Stake
Today, in the presence of the President of Russian Federation Vladimir Putin, and the Prime Minister of Japan Shinzo Abe, PAO NOVATEK (“NOVATEK” and/or the “Company”) and the consortium of Mitsui & Co (“Mitsui”) and Japan Oil, Gas and Metals National Corporation (“JOGMEC”) signed the Sales and Purchase Agreement (“Agreement”) …
OPEC Daily Basket Price: Thursday, 27 June 2019, Stood at $65.61 a Barrel
Vienna, Austria, 28 June 2019–The price of OPEC basket of fourteen crudes stood at $65.61 a barrel on Thursday, compared with $65.60 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), …
How Much Did Kazakhstani Companies Earn Providing Services to Oil and Gas Operators
Oil and Gas Strategic Partnership Development Council (Petrocouncil) provides Kazakhstani companies with the information on the orders for the supply of goods, works and services placed by oil and gas operators in 2018. These data should help domestic enterprises in choosing a strategy for the development of production, which in …
Caspian Sunrise: MJF Licence Update
The Board of Caspian Sunrise is pleased to provide the following operational update at its flagship BNG asset. The board of Caspian Sunrise are pleased to confirm that the signed protocol from the Ministry of Energy has been received. The protocol is the final major hurdle in achieving full export …
OPEC Daily Basket Price: Wednesday, 26 June 2019, Stood at $65.60 a Barrel
Vienna, Austria, 27 June 2019–The price of OPEC basket of fourteen crudes stood at $65.60 a barrel on Wednesday, compared with $64.79 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), …