Oil & Gas Operators

The Board of Caspian Sunrise are pleased to provide the following operational update at its flagship BNG asset. Deep Well A5 Background The well was drilled in 2013 to a depth of 4,432 meters. High pressure resulted in the well becoming blocked with excess drilling fluid and debris from the …

Vienna, Austria, 17 January 2019–The price of OPEC basket of fourteen crudes stood at $59.52 a barrel on Wednesday, compared with $58.24 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), …

Specialists from RN-UfaNIPIneft, a facility of Rosneft’s corporate Research and Development Complex, have completed their work on creation of the first industrial model of RN-SIGMA corporate software solution designed for geomechanics modelling when drilling. The software allows Company’s engineers expanding their application of geomechanics for borehole stability calculation and reducing …

PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months ended 31 December 2018. In 2018, NOVATEK’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe), including 68.81 billion cubic meters (bcm) of natural gas and 11,800 thousand tons of liquids (gas condensate and …

Vienna, Austria, 15 January 2019–The price of OPEC basket of fourteen crudes stood at $58.39 a barrel on Monday, compared with $60.00 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 (AIM: PTR) an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to announce the selection and appointment of a new Chief Executive Officer (“CEO”). Mr. David Sturt, who has been a …

Condor Petroleum Inc. (“Condor” or the “Company”) (TSX: CPI), a Canadian based oil and gas company focused on exploration, development and production activities in Turkey and Kazakhstan, is pleased to announce Andrew Judson has joined the Board of Directors. Mr. Judson has more than 24 years of capital markets experience, …

The total gas production from the Shah Deniz field has reached 100 billion cubic meters. The milestone was achieved at the end of December, exactly 12 years after the first announcement of the start-up of commercial gas production from the field and operations of the South Caucasus Pipeline, BP Azerbaijan told …

Gazprom Neft is developing a unique digital system for selecting optimum well-logging investigations in line with wells’ technical features and formation characteristics. Implementing this solution could allow the company’s capital and operating costs to be reduced by RUB450 million over the next 10 years. Various geophysical well-survey systems (geographic information systems (GIS)) are now being used in studying …

Digital modules have been launched at Gazpromneft Khantos’ Production Control Centre, responsible for oil production processes, optimising well loads and maintaining reservoir pressure. The economic impact of digitising production over the next three years could exceed RUB2 billion, with additional production potentially increasing by up to 1.5 percent. New software products are the key elements behind the …