OPEC Daily Basket Price: Tuesday, 6 November 2018, Stood at $70.88 a Barrel
Vienna, Austria, 7 November 2018–The price of OPEC basket of fifteen crudes stood at $70.88 a barrel on Tuesday, compared with $71.45 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), Oriente …
Rosneft: Financial Results for 3Q 2018 and 9M 2018
Consolidated IFRS financial results for 3Q 2018 and 9M 2018: 3Q 2018 2Q 2018 Change, % 9M 2018 9M 2017 Change, % Financial results RUB bln (except %) Revenues and equity share in profits of associates and joint ventures 2,286 2,065 10.7% 6,073 4,305 41.1% EBITDA 643 565 13.8% 1,593 …
RN-Uvatneftegaz Produced 1 Million Tons of Oil at the South Gavrikovskoye Field
LLC RN-Uvatneftegaz, a subsidiary of NK Rosneft, produced the first million tons of oil in the South Gavrikovskoye field. Currently, 20 oil wells provide average daily production of 1 thousand tons of oil. Yuzhno-Gavrikovskoye is located in the Ust-Tegussky license area and is part of the Eastern Development Center (ECU) of …
LUKOIL and Eni Signed Agreement on Projects in Mexico
JSC “LUKOIL” and Eni signed Farm-Out Agreement on Blocks 10, 12 and 14 in the Mexico’s shallow waters. The Agreement enables to expand LUKOIL’s exploration portfolio in the region, diversify risks and build up exploration competencies. According to the Agreement, LUKOIL assigns 40% in Block 12 to Eni, retains the …
Russia’s Rosneft says Qatari Fund to Pay 3.7 Billion Euros for Rosneft Stake
MOSCOW (Reuters) – Russian oil giant Rosneft (ROSN.MM) said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a 14.16 percent stake in the company. The QIA would become the third-largest Rosneft shareholder as a result of the deal after …
Rosneft Publishes Operating Results for Q3 and 9M 2018
Upstream Hydrocarbon production amounted to 72.4 mmtoe (5.83 mmboed) in Q3 2018 and 211.8 mmtoe (5.75 mmboed) in 9M 2018, exceeding the level of Q2 2018 and 9M 2017 by 3.3% and 0.5% respectively. EFFICIENT PRODUCTION RECOVERY RESULTING FROM OPEC+ LIMITATIONS EASING Q3 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REACHED 5.83 MMBOE, DEMONSTRATING …
SOCAR AQS Beats New Record
A few days ago SOCAR AQS set a new record in the history of national drilling industry. With application of a new-generation drilling rig, Drillmec HP 3000, the company successfully ran, with single trip, a heavy-weight intermediate casing in Well 113 of Platform 6 on Bulla Field. Thus, the company successfully ran …
Caspian Sunrise: Workover Operations Proving Successful
BNG Shallow Wells Production levels Total oil production in October 2018 from the 5 wells operational in the MJF structure and the 4 wells in the South Elemes structure was 54,348 barrels (average of 1,753 bopd). Completed workovers The remedial work completed at the start of October 2018 has resulted …
Azerbaijan’s SOCAR in Talks to Develop Oil Field in Russia
Azerbaijan’s state oil company SOCAR is in talks with Russia’s Rosneft, Gazprom and Novatek over the development of an oil field in Russia, SOCAR Vice President Elshad Nasirov told reporters Nov. 1 in Minsk, Reuters reported. Nasirov also said that SOCAR had proposed extending its gas contract with Gazprom to …
OPEC Daily Basket Price: Thursday, 1 November 2018, Stood at $72.64 a Barrel
Vienna, Austria, 2 November 2018–The price of OPEC basket of fifteen crudes stood at $72.64 a barrel on Thursday, compared with $75.24 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), …