OPEC Daily Basket Price: Monday, 20 May 2019, Stood at $72.47 a Barrel
Vienna, Austria, 21 May 2019–The price of OPEC basket of fourteen crudes stood at $72.47 a barrel on Monday, compared with $72.57 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 …
Orenburgneft Introduces a Unique Technology for the Development of Hard-to-Recover Reserves
Specialists at Orenburgneft, a subsidiary of Rosneft, conducted successful pilot tests of an innovative technology for developing hard-to-recover reserves. The technology consists of thermogas-chemical exposure to a solution of mixtures that, under the influence of an activating substance, trigger a chemical reaction inside the formation. Under the influence of temperature, the …
Kazakh Kashagan Oil Field to Produce Up to 400,000 b/d Early June
Kazakhstan’s energy ministry expects crude output at the giant Kashagan field in the Caspian Sea to reach 370,000-400,000 b/d in early June, with the project producing additional 3 million barrels above an initial plan in 2019 due to an early restart after major maintenance work. Production at Kashagan was restarted …
Arctic LNG 2 and TechnipFMC Sign EPC Contract for the LNG Plant
PAO NOVATEK announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project. The contract terms provide for the launch …
Volga Gas: Result of Annual General Meeting
Volga Gas plc (“Volga Gas” or “the Company”), the oil and gas exploration and production group operating in the Volga Region of Russia, announces that at its Annual General Meeting held earlier today, all resolutions put to shareholders were duly passed. Details of the votes cast for each resolution will …
OPEC Daily Basket Price: Friday, 17 May 2019, Stood at $72.57 a Barrel
Vienna, Austria, 20 May 2019–The price of OPEC basket of fourteen crudes stood at $72.57 a barrel on Friday, compared with $72.61 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 …
A Balanced Oil Market Remains Our Focus – JMMC
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals. The JMMC expressed its satisfaction regarding the critical …
Volga Gas: Operational Update
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is holding its Annual General Meeting today and is pleased to provide the following update on its activities and operations: Highlights · Between 1 January and 30 April 2019, Group production averaged 5,859 …
NC KazMunayGas and BP signed Memorandum of Understanding
On May 17, 2019, NC KazMunayGas JSC and BP signed a Memorandum of Understanding, under which the companies agreed to examine the existing technical data, existing assets of KMG and third parties. The companies also intend to consider the possibility of further cooperation. source
OPEC Daily Basket Price: Thursday, 16 May 2019, Stood at $72.61 a Barrel
Vienna, Austria, 17 May 2019–The price of OPEC basket of fourteen crudes stood at $72.61 a barrel on Thursday, compared with $71.26 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), …