Oil & Gas Operators

The investment decision follows an agreement with the Government of Azerbaijan to extend the life of the ACG field until 2049. The new platform, called ACE (Azeri-Central-East), will be integrated with existing infrastructure. It is designed to process up to 100,000 barrels of oil per day and expected to produce …

Since 1994 the company has been successfully developing Sakhalin-2, one of the largest and most technically challenging projects in the oil and gas industry. With the benefit of the advanced technologies and expertise of its shareholders, the Sakhalin-2 operator has built a solid base for LNG production, a new sector …

Vienna, Austria, 17 April 2019–The price of OPEC basket of fourteen crudes stood at $70.11 a barrel on Tuesday, compared with $70.21 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), …

Fitch Ratings has affirmed Eni’s long-term solicited rating at “A-” with stable outlook. The rating expresses the strong credit quality of Eni and reflects, according to Fitch, its growth prospects and strong asset diversification. Fitch has also assigned the expected short-term solicited rating at “F1 (EXP)”. source

Vienna, Austria, 16 April 2019–The price of OPEC basket of fourteen crudes stood at $70.21 a barrel on Monday, compared with $70.44 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), …

PetroNeft has agreed to issue 13,884,594 Ordinary Shares in settlement of liabilities as follows: Shares in lieu of cash to pay David Sturt for deferred Non-Executive Director fees: The Company owed Mr Sturt accrued fees totalling €44,806 from his time as non-executive Director of the company up until his appointment …

Petrosibir’s total oil production in Bashkiria during March 2019 amounted to 35,027 barrels, equivalent to 1,130 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region.  2018  2019 Average Jan Feb Mar Total production Bashkiria 12 916 11 884 …

Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to provide an update on strategy and operations at the Bortovoy Licence, Saratov.  Western Gas Plant  The Western Gas Plant continued to be operated efficiently throughout 2018 with only one, scheduled, 48-hour maintenance shutdown. Average net daily production (sold to …

Gazprom Neft has launched the world’s first ever digital Arctic-logistics management system. This innovative project — code-named “Kapitan (Captain)” — has been developed to ensure uninterrupted year-round shipments of all ARCO and Novy Port crude produced, and to improve efficiency in logistics management. The system, developed by specialists at Gazprom Neft, operates under three regimes: long-term and operational …

Vienna, Austria, 15 April 2019–The price of OPEC basket of fourteen crudes stood at $70.44 a barrel on Friday, compared with $70.41 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), …