OPEC Daily Basket Price: Thursday, 11 July 2019, Stood at $67.57 a Barrel
Vienna, Austria, 12 July 2019–The price of OPEC basket of fourteen crudes stood at $67.57 a barrel on Thursday, compared with $66.10 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 …
Caspian Sunrise: Updates on BNG Well Operations – New Technologies Being Deployed
The Board of Caspian Sunrise is pleased to provide an operational update on progress across the structures already identified at the BNG Contract Area. Deep Wells A5 The Board is pleased to report success in milling away the 2.6-meter metallic obstruction in Well A5 at a depth of 3,887 meters, …
Shavkat Mirziyoyev Signs Decree Reforming Oil & Gas Sector
On July 9, President Shavkat Mirziyoyev signed a decree “On measures for stable provision of the economy and households with energy resources, financial rehabilitation and improvement of the management system of the oil and gas industry.” The document underscored the inefficiency of exploration, investment projects and pricing, as well as …
Russian Scientists Offer New Acoustic Technology for Far East Offshore Exploration
Development of Sakhalin’s offshore fields is complicated by unique severe ice conditions and requires huge costs, according to the researcher The Far Eastern Federal University in cooperation with Anchar Company suggests using an innovative technology of acoustic low-frequency oil and gas exploration for exploration of fields in the Arctic environment, …
Caspian Sunrise: MJF Structure Moves to Production License
The Board is delighted to announce receipt of the much anticipated MJF license upgrade. Accordingly, the majority of oil produced from the MJF structure on the BNG Contract Area may now be sold by reference to international rather than domestic prices. Background Under the licencing system in Kazakhstan, oil produced …
OPEC Daily Basket Price: Wednesday, 10 July 2019, Stood at $66.10 a Barrel
Vienna, Austria, 11 July 2019–The price of OPEC basket of fourteen crudes stood at $66.10 a barrel on Wednesday, compared with $64.35 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 …
OPEC Daily Basket Price: Tuesday, 9 July 2019, Stood at $64.35 a Barrel
Vienna, Austria, 10 July 2019–The price of OPEC basket of fourteen crudes stood at $64.35 a barrel on Tuesday, compared with $64.72 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 …
OPEC Daily Basket Price: Monday, 8 July 2019, Stood at $64.72 a Barrel
Vienna, Austria, 9 July 2019–The price of OPEC basket of fourteen crudes stood at $64.72 a barrel on Monday, compared with $63.55 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), …
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 …