LUKOIL to Launch Another Project in Kazakhstan
LUKOIL, Russia’s 2-nd largest oil company, will add another project in Kazakhstan to its portfolio, said Kurmangazy Iskaziyev, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services at Kazakhstan’s state company KazMunaiGas, Trend reports. Iskaziyev made the remarks at the 26th International Caspian Oil & Gas Conference in Baku, …
Exploratory Drilling at Azerbaijan’s Shah Deniz to Begin in 2020
Exploratory drilling of the deep-lying horizons of the Shah Deniz field will begin in 2020, Gary Jones, Regional President for Azerbaijan, Georgia and Turkey (AGT) at BP, said at the Caspian Oil and Gas conference in Baku, Trend reports. Jones stressed that this field is very important not only for Azerbaijan, but …
OPEC Daily Basket Price: Thursday, 30 May 2019, Stood at $67.10 a Barrel
Vienna, Austria, 31 May 2019–The price of OPEC basket of fourteen crudes stood at $67.10 a barrel on Thursday, compared with $67.75 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 …
LUKOIL: Q1 2019 Results – Revenue Up 13.5% yoy
PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2019 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2019 4Q 2018 1Q 2019 1Q 2018 (RUB bln) 1,850.9 2,043.2 Sales 1,850.9 1,630.7 298.1 278.3 EBITDA 298.1 219.5 292.9 274.1 EBITDA excluding …
Caspian Sunrise: Third Core Contains Same Signs of Secondary Porosity and Oil Staining, Drilling to Continue
The Company is pleased to announce that an initial evaluation of the third core sample taken from Deep Well A8 shows it to contain the same signs of secondary porosity and oil staining as with the first two samples. The third core sample was 18 meters in length, starting at …
OPEC Daily Basket Price: Tuesday, 28 May 2019, Stood at $68.84 a Barrel
Vienna, Austria, 29 May 2019–The price of OPEC basket of fourteen crudes stood at $68.84 a barrel on Tuesday, compared with $67.42 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 …
Petrosibir: AGM – No Dividend for 2018, New Board Elected
Shareholders of Petrosibir AB passed the following main resolutions at the annual general meeting held on 28 May 2019. The shareholders adopted the annual report for the financial year 2018 and resolved that dividend should not be paid for the financial year 2018. In addition, the board and the managing …
Caspian Sunrise: First Two Core Samples Show Visible Secondary Porosity and Oil Staining, Third Core Under Retrival
The Company is pleased to announce that work has commenced to take a third core sample taken from Deep Well A8 on the Airshagyl structure at its flagship BNG Contract Area. Background Deep Well A8 was spudded in November 2018, with a target Total Depth of 5,300 meters and with …
OPEC Daily Basket Price: Monday, 27 May 2019, Stood at $67.42 a Barrel
Vienna, Austria, 28 May 2019–The price of OPEC basket of fourteen crudes stood at $67.42 a barrel on Monday, compared with $67.40 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 …
Why BP Supports a Fast Transition to Low Carbon
The wide and growing concerns about climate change will be clearly visible in Aberdeen today at the BP annual general meeting. We at BP understand these worries and share them. That is why I was pleased to take on the chairmanship earlier this year to support the transformation being led …