RDCR 2019: 1 Week to Go!
In a first for us here at TMG Worldwide and the organising committee of the RDCR Well Engineering Forum – we are as of today forced to close registration for new delegates. The response and requests for delegate registration has been a surprise even to us, and with 480 delegates …
Roxar Became Gold Sponsor of the SPE Russian Petroleum Technology Conference
Roxar became a Gold Sponsor of the upcoming 2019 SPE Russian Petroleum Technology Conference that will take place 22–24 October 2019 in Moscow, Russia. SPE would like to express its gratitude and appreciation to Roxar for support and cooperation! The SPE Russian Petroleum Technology Conference is the largest oil and …
Orenburgneft entered in the commercial development of three new fields
JSC “Orenburgneft”, a subsidiary of Rosneft, has started commercial operation of three new oil fields in the South Orenburgskoy region – Bolotovskogo, Eastern and South — Bolotovskogo. Their initial recoverable reserves of AV1B2 categories are 5.4 million tons of oil. The introduction of new fields is part of a large-scale …
Gazprom Neft expands oil production in the Kurdistan Region of Iraq
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. The well …
OPEC Daily Basket Price: Wednesday, 3 April 2019, Stood at $69.12 a Barrel
Vienna, Austria, 4 April 2019–The price of OPEC basket of fourteen crudes stood at $69.12 a barrel on Wednesday, compared with $68.83 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), …
Dow completes separation from DowDuPont
Dow completes separation from DowDuPont Becomes a more focused and streamlined materials science company Launches with global scale and leading positions in three attractive consumer-driven segments: packaging, infrastructure and consumer care Begins regular way trading on April 2 under the “DOW” ticker symbol April 1, 2019 – Today Dow …
Gazprom Neft and IBM Research Brazil are using AI to improve quality in processing geological information
Research Cooperation Agreement on the use of machine learning systems and artificial intelligence (AI) aims to optimise the analysis and model creation from geological data More than 30 Gazprom Neft research geologists and IBM Research Brazil machine-learning research scientists have come together for the first time to share their unique knowledge, experience and skills …
LUKOIL continues to develop infrastructure of Caspian fields
LUKOIL continues to develop the infrastructure of its fields in the north of the Caspian Sea. Thus, the company has completed construction of the seventh well at production platform number two of Vladimir Filanovsky field. The newly constructed well has two bores. The drill depth of the main bore is …
Lukoil concludes contract for hydrocarbon exploration and development on Zhenis Block in Kazakhstan
PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …
LUKOIL continues successful appraisal drilling at Eridu field in Iraq
LUKOIL and INPEX CORPORATION have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic meters of oil from the Mishrif formation and proved …