Oil & Gas Operators

Further to the announcement made on 10 October 2018, Urals Energy, the independent exploration and production company with operations in Russia, provides the following update on the actions that were previously carried out by Mr S Kononov, without the knowledge or approval of the Board. Mr Kononov is the president …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today. The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED). Alexey Miller and …

Vienna, Austria, 15 October 2018–The price of OPEC basket of fifteen crudes stood at $79.36 a barrel on Friday, compared with $80.14 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 (Ecuador), …

LUKOIL commissioned the fifth well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea. The length of the main wellbore of the new bilateral production well is 2,956 meters, while the lateral‘s is 1,735 meters. The well’s initial flow rate exceeded 3,300 tonnes of oil per …

Chairman of the Presidium of Kazakhstan’s Union of oilfield related companies Rashid Zhaksylykov told about the new projects in the oil and gas sector in Kazakhstan, BNews.kz correspondent reports. The oil and gas sector is active in the country. Positive trends in oil prices have revived the sector: a start …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The drilling and testing results confirmed that a new natural gas and …

PAO NOVATEK reported today preliminary operating data for the nine months 2018. NOVATEK’s hydrocarbons production totaled 402.2million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production …

Gazprom Neft has developed digital products for estimating capital and operational costs (CAPEX and OPEX) in conceptual engineering and field management. Thanks to unique digital programmes the exactitude of cost estimates has increased two-fold in comparison with industry standards, allowing more considered financial decisions to be taken on both current and future assets. These CAPEX and OPEX …

Urals Energy, the independent exploration and production company with operations in Russia, provides the following updates in respect of the Company’s investment in the Kholmsk commercial seaport (the “Kholmsk Port”) and other matters. On 6 August 2018 the Company announced that, among other things, its Petrosakh subsidiary had acquired a …

Sergey Mishkevich: Well Logging, STREAM-Auto-Digger, and Drilling Safety Sergey Mishkevich is a next-generation engineer whose work focuses on implementing automated solutions and reducing the influence of the human factor in drilling operations. His professional expertise includes MWD/LWD services, telemetry, remote monitoring, algorithmic drilling control, and enhancing industrial safety. Sergey has …