Oil & Gas Operators

Oil Market Highlights Crude Oil Price Movements The OPEC Reference Basket (ORB) rebounded in January, gaining more than 3%, or $1.80 month-on-month (m-o-m), to average $58.74/b. Crude oil prices improved over the month, buoyed by robust market fundamentals with signs of tightening crude supply as well as firm crude oil …

Vienna, Austria, 12 February 2019–The price of OPEC basket of fourteen crudes stood at $61.40 a barrel on Monday, compared with $61.37 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), …

Petrosibir’s total oil production in January 2019 amounted to 35,767 barrels, equivalent to 1,154 barrels per day. The tables below summarises the average monthly / daily production in 2019 and 2018, broken down by region.  2018  2019 Average Dec Jan Total production Bashkiria 12 916 12 395 11 884 Komi …

Vienna, Austria, 11 February 2019–The price of OPEC basket of fourteen crudes stood at $61.37 a barrel on Friday, compared with $61.57 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), …

Shareholders of the project for development of Azeri-Chirag-Gunashli block of oil and gas fields in the Azerbaijani sector of the Caspian Sea are considering buying shares held by the U.S. ExxonMobil Corporation and Chevron, Elshad Nasirov vice president for marketing and investment at Azerbaijan’s state oil company SOCAR told Bloomberg. …

BP Azerbaijan is planning to conduct three-dimensional seismic exploration on the D230 block in the Azerbaijani sector of the Caspian Sea in 2019-2020. This is stated in the Environmental and Socio-Economic Impact Assessment (ESIA) document for the seismic exploration program on BP-Azerbaijan’s D230 block, Report informs. According to the document, the seismic survey will …

Vienna, Austria, 8 February 2019–The price of OPEC basket of fourteen crudes stood at $61.57 a barrel on Thursday, compared with $62.30 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 (Congo), …

The Gazprom Board of Directors took note of the information about the ongoing implementation of advanced digital technologies within the Gazprom Group. It was highlighted that Gazprom considered digital technologies to be one of key aspects of further improving the Company’s corporate governance and strengthening its market positions, as well as a vital tool for achieving its strategic goals. Systematic work in this area …

LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at …

Vienna, Austria, 7 February 2019–The price of OPEC basket of fourteen crudes stood at $62.30 a barrel on Wednesday, compared with $62.07 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), …