Exillon Energy: September Production Report
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of September 2018. · Our average daily production[1] was 9,394 bbl/day during the period. · Average daily production for Exillon TP was 2,185 bbl/day, and …
Regular Meeting of the TATNEFT’s Board of Directors Was Held
A regular meeting of the Board of Directors of PJSC TATNEFT n.a. V.D. Shashin chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on October 25, 2018. The Board of Directors meeting approved results of the Company’s budget execution for nine months of the year …
OPEC Daily Basket: Wednesday, 24 October 2018, Price Stood at $75.04
Vienna, Austria, 25 October 2018–The price of OPEC basket of fifteen crudes stood at $75.04 a barrel on Wednesday, compared with $77.11 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), …
Igor Safonov Appointed Director General of Gazprom UGS
Igor Safonov has been elected Director General of Gazprom UGS. He was born in 1973 in Batumi. He graduated from Bauman Moscow State Technical University, majoring in Turbine Construction. In addition, he completed a professional retraining course for underground gas storage (UGS) specialists at the Gubkin Russian State University of Oil and Gas. Igor Safonov has been employed with Gazprom for …
Exxon, Rosneft to Build LNG Plant with Japanese, Indian partners – sources
Russia’s Rosneft (ROSN.MM) and U.S. ExxonMobil (XOM.N) plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading the estimated $15 billion cost, two sources familiar with the talks said. The four companies – Rosneft, Exxon, Japan’s SODECO and India’s ONGC Videsh (ONGC.NS)(ONVI.NS) …
Novatek: 9M Results 2018 – Revenue Up 99.2% yoy as Additional Trains Come on Stream
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q18 3Q17 9M18 9M17 217,934 129,970 …
Kazakhstan to Double Natural Gas Exports to China to 10 Bcm/year in 2019
Kazakhstan’s national gas shipping company KazTransGaz and PetroChina International Company on Monday inked a five-year contract to double Kazakh natural gas exports to China to 10 billion cubic meters/year from 2019. The deal comes as Kazakhstan increases gas production, with associated petroleum gas accounting for the bulk of the output, …
OPEC Daily Basket Price: 23 October 2018, Stood at $77.11 a Barrel Tuesday
Vienna, Austria, 24 October 2018–The price of OPEC basket of fifteen crudes stood at $77.11 a barrel on Tuesday, compared with $78.68 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), …
Urals Energy: Working Capital Constrained, Accountants’ Review Initiated
Further to the announcements made on 15 October 2018 and 10 October 2018, the board of Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the Group’s working capital position and other matters. The Company’s announcements of 15 October 2018 and 10 …
Efficient Technology of TatNIPIneft
Professionals of the TATNEFT Company’s TatNIPIneft R&D Institute have developed an efficient technology that allows enhancing crude oil recovery. The technology of steam gravity drainage with application of a thermal gel composition (TGC) allows improving the crude oil recovery from shallow deposits of high viscosity oil (HVO). The TGC technology …