Oil & Gas Operators

PAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2018. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 15,789 million barrels of oil equivalent (boe), including 2,177 billion cubic meters …

Vienna, Austria, 24 January 2019–The price of OPEC basket of fourteen crudes stood at $60.52 a barrel on Wednesday, compared with $60.66 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), …

MOSCOW (Reuters) – Gazprom Neft (SIBN.MM), the oil arm of Russian gas giant Gazprom (GAZP.MM), is studying the possibility of its own liquefied natural gas (LNG) production in the Arctic as it tries to monetize its vast natural gas reserves. The discussions follow the successful launch of the Arctic-based Yamal …

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce that sidetracking operations from the existing 16a wellbore (’16a’ or ‘the Well’) on the West Rustavi field (‘West Rustavi’) commenced today. 16a is part of an initial two-well horizontal sidetrack drilling programme …

Vienna, Austria, 23 January 2019–The price of OPEC basket of fourteen crudes stood at $60.66 a barrel on Tuesday, compared with $61.49 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), …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Masami Iijima, Chairman of the Board of Directors of Mitsui & Co., Ltd., took place in Moscow today. The parties discussed current issues related to bilateral collaboration, including the Sakhalin II project. Alexey Miller and Masami Iijima also considered the avenues for further cooperation, paying particular attention …

The Board of Caspian Sunrise is pleased to report the completion of the previously announced acquisition of 3A Best Group JSC (“3A Best”) (“the Acquisition”), most recently announced on 13th November 2018. Background 3A Best owns a Contract Area of 1,347 sq km located close to the Caspian port city …

Vienna, Austria, 22 January 2019–The price of OPEC basket of fourteen crudes stood at $61.49 a barrel on Monday, compared with $60.90 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), …

Vienna, Austria, 18 January 2019–The price of OPEC basket of fourteen crudes stood at $59.63 a barrel on Thursday, compared with $59.52 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), …

The Joint Ministerial Monitoring Committee (JMMC) has expressed its utmost satisfaction with the steady and robust achievements of the two-year old ‘Declaration of Cooperation’ between OPEC and participating non-OPEC oil producing countries. The JMMC noted that countries participating in the ‘Declaration of Cooperation’ achieved an overall conformity level in November …