Kazakhstan: To Ratify Convention on Legal Status of Caspian Sea in Near Future
The presidents of the five Caspian states singed the Convention on the Legal Status of the Caspian Sea at the Fifth Caspian summit held in Kazakhstan’s city of Aktau Kazakhstan plans to ratify the Convention on the Legal Status of the Caspian Sea in the near future, the Kazakh Foreign …
LUKOIL Commissions New Well Pad at West Qurna-2 Field
PJSC “LUKOIL” commissioned a new well pad M11/1A at the West Qurna-2 oil field in Iraq. The production reached 4.7-4.8 kbpd from the first two wells of the new pad, which is fully in line with the preliminary forecasts. The wells are 2.7-2.9 thousand meters deep. By the end of …
Russia to Lead Global Underground Gas Storage Capacity Additions to 2022, says GlobalData
The global underground working gas storage capacity is expected to grow by 19 percent, from the current 14.9 billion cubic feet (bcf) in 2018 to around 17.8 bcf in 2022. Among countries, Russia is expected to lead in terms of planned and announced working gas capacity additions, with 912 bcf …
ExxonMobil leads supermajors on remaining reserves
GlobalData’s latest report, Quarterly Upstream Benchmarking of Supermajors – ExxonMobil Leads with Most Remaining Reservesshows that among supermajors considered Royal Dutch Shell, BP, Eni S.p.A., Chevron Corporation, ExxonMobil Corporation, and Total S.A – ExxonMobil leads in terms of remaining reserves for producing, planned and announced fields with 28,069 million barrels …
Rosneft Completes Modernization of the Seismic Information Storage Center
Specialists of RN-KrasnoyarskNIPIneft (part of the Rosneft Corporate Scientific and Project Complex) have completed the modernization of the Seismic Information Storage Center of PJSC NK Rosneft (TSKSI). Modernization significantly increased the productivity of the Center, which will allow expanding the geography of the Company’s enterprises that store seismic data in …
LUKOIL Reports Preliminary Operating Data for the Second Quarter and First Half of 2018
In the first half of 2018 LUKOIL Group’s hydrocarbon production excluding West Qurna-2 project was 2,287 thousand boe per day, which is 3.2% higher year-on-year. The increase was driven by the development of gas projects. In the second quarter of 2018 production was 2,289 thousand boe per day and flat …
Condor Announces 2018 Second Quarter Results
Condor Petroleum Inc. (“Condor” or the “Company”) (TSX: CPI), a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three and six months ended June 30, 2018, …
Lukoil Will Contribute € 6.2 Billion to Lukoil International to Finance Investments Abroad
The Board of Directors of “Lukoil” offers shareholders at an extraordinary meeting on December 4 to approve a deal to make a cash contribution to the charter capital of Lukoil International in the amount of € 6.2 billion, according to the company’s materials for the meeting. “The purpose of making …
Rosneft Realizes the Concept of Digital Oilfield
Specialists of the Tyumen Oil Scientific Center (part of the Rosneft Corporate Scientific and Project Complex) are developing innovative software for the automation of gas and gas condensate fields of the Company. The concept provides for a two-level fishery management system, where the lower level consists of a number of …
Pertosibir: Production Report for July 2018
Petrosibir’s total oil production in July 2018 amounted to 44,615 barrels, equivalent to 1,439 barrels per day. The tables below summarises the average monthly / daily production in 2017 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2017 2018 Average Jan Feb Mar Apr May Jun Bashkiria 13 195 …