Oil & Gas Operators

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 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 …

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) …

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’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, …

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), …

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 …

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 …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in St. Petersburg today. The parties discussed ongoing and future cooperation, noting the strategic importance of the Irkutsk Region for Gazprom. There, the Company is shaping the Irkutsk gas production center on the basis of the Kovyktinskoye field. Gazprom …

Vienna, Austria, 22 October 2018–The price of OPEC basket of fifteen crudes stood at $78.15 a barrel on Friday, compared with $78.25 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), …