OPEC Daily Basket Price: Friday, 1 February 2019, Stood at $60.93 a Barrel
Vienna, Austria, 4 February 2019–The price of OPEC basket of fourteen crudes stood at $60.93 a barrel on Friday, compared with $61.19 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 …
Arctic LNG 2 and Siemens Sign Equipment Supply Contract
PAO NOVATEK announced that Arctic LNG 2 and Siemens signed a contract on compressor equipment for three liquefaction trains of the Project. The scope of supply under the contract includes three feed gas compressors and six boil-off gas compressors. The document also provides for localizing the equipment fabrication for the …
BP to Support Investor Group’s Call for Greater Reporting Around Paris Goals
BP said today that it will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. Investor participants of the Climate Action 100+ initiative have proposed a resolution to …
Purovsky Plant Reaches Milestone of 80 Million Tons Processed
PAO NOVATEK announced that its Purovsky Plant has cumulatively processed 80 million tons since the facilities start-up in June 2005. The Purovsky Plant processes de-ethanized (unstable) gas condensate produced at the fields of NOVATEK and its joint ventures into stable gas condensate and natural gas liquids. The Purovsky Plant is …
Tatneft: Results of the Company’s Innovative Activities
The inventive and innovative activities of TATNEFT employees make a significant contribution to the implementation of the Company’s Strategy. In 2018, the innovators of TATNEFT submitted 5,208 rationalization proposals and more than 50,000 ideas for improvement of the working conditions and technological processes in the Company. More than 900 results …
OPEC Daily Basket Price: Wednesday, 30 January 2019, Stood at $60.93 a Barrel
Vienna, Austria, 31 January 2019–The price of OPEC basket of fourteen crudes stood at $60.93 a barrel on Wednesday, compared with $59.71 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), …
OPEC Daily Basket Price: Tuesday, 29 January 2019, Stood at $59.71 a Barrel
Vienna, Austria, 30 January 2019–The price of OPEC basket of fourteen crudes stood at $59.71 a barrel on Tuesday, compared with $59.57 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), …
TatNIPIneft: Patents New Tool for TAML Completions
TATNEFT Company has obtained the patent of the Russian Federation No. 2674355 for the invention “Method of construction of a multilateral well and a device for the well cementing”. The patented device is used for drilling, cementing and workover of oil and gas wells and allows creating a tight connection …
Urals Energy: Share Price Changes Not Connected to Any Material Changes in the Company’s Position
The Board of Urals Energy PCL, the independent oil and gas exploration and production company with operations in Russia, has noted the recent rises in the Company’s share price. The Board does not believe that there has been a material change to the Group’s overall operational or working capital position …
BP Talks Deep Gas Production at ACG in Azerbaijan
BP is planning to start deep gas production in the Azeri-Chirag-Gunashli (ACG) block located in the Azerbaijani sector of the Caspian Sea. Negotiations continue on deep gas production from the Azeri-Chirag-Gunashli (ACG) block, BP Azerbaijan Vice President Bakhtiyar Aslanbayli told Trend on January 28. He said that deep gas at the ACG …