Oil & Gas Operators

Kazakhstan will shut production at its giant Kashagan oil field next month, bringing its production into compliance for the six months of the promised cuts under the OPEC/non-OPEC supply accord, energy minister Kanat Bozumbayev said Sunday. The average production over the six months will meet the commitment, as Kazakhstan will reduce …

Vienna, Austria, 18 March 2019–The price of OPEC basket of fourteen crudes stood at $66.91 a barrel on Friday, compared with $67.29 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 …

“Gazpromneft-Vostok” has started the construction of the pipeline, which will send the associated gas from the booster pump station of Archinskoye field on daimou compressor station Urmanskoye field in the Tomsk region. The design capacity of the 18-kilometer gas pipeline will be 250 million m3 of gas per year. The …

Vienna, Austria, 15 March 2019–The price of OPEC basket of fourteen crudes stood at $67.29 a barrel on Thursday, compared with $66.60 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 has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea and onshore pipelines to ship oil ashore. Before oil enters the CPC system and goes on for export, it is delivered …

OPEC have released their Monthly Oil Market Report and you can read it in full by downloading it HERE

Companies from Kazakhstan and Italy may soon be conducting joint exploration of the Abay oil and gas block in Kazakhstan’s sector of the Caspian Sea. Earlier this week representatives signed a joint operating agreement (JOA) and negotiated a carry agreement (CA) for the purpose of investing in the upstream project. Kazakhstan’s state-owned …

Vienna, Austria, 14 March 2019–The price of OPEC basket of fourteen crudes stood at $66.60 a barrel on Wednesday, compared with $66.30 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 …

With less than 4 weeks to go until the RDCR Well Engineering Forum, we are pleased to announce further sponsors and provide a quick snapshot of the delegates confirmed to date, a full list will be announced next week. Sponsorship Update: MTU Friedrichshafen confirms Gold Sponsorship: MTU is a regular …

Acting within the framework of the Concept of RPM (reservoir pressure maintenance) System Development until TATNEFT Company has continued the introduction of promising technologies to maintain the reservoir pressure, aimed at improving the production efficiency and reducing the energy costs. In 2018, the plan the Company put into operation 143 …