Rosneft: Sets New Daily Drilling Record
Rosneft set a new record for the daily drill drilling industry, drilling 56,708 meters. The previous record also held by Rosneft – a little less than a year ago the drilled 53,094 meters. The growth in the drilling performance became possible due to the improvement in drilling planning and management system and the …
Yamal LNG Realized LNG Commissioning in Record Time
PAO NOVATEK announced that Yamal LNG has launched the second LNG train and dispatched the first cargo from this unit. The second LNG train commissioned six months ahead of its original schedule, and combined with the first LNG train launch in December 2017, has achieved the commissioning of the …
Russian Oil Industry Increase their Investment in Production by 40%
Russian oil and gas companies are practically the only ones in the world who continue to record a record increase in investments in mining projects. In 2017, investments grew by almost 40%, in 2018, growth will continue Russian oil and gas companies have sharply increased their investments in mining projects, …
Vladimir Putin Signs a Law on Low Oil Export Duties
Russian President Vladimir Putin signed a law on reducing export duties on oil within the framework of tax maneuver. The corresponding document is published on the portal of legal information. The tax maneuver provides that the export duty on oil will decrease from the current 30% to 0% within six …
Pavel Sorokin: Domestic Equipment for the Development of TRIZ Will Appear in Russia in 3-6 years
Equipment produced by the Russian Federation for the development of hard-to-recover reserves (TRIZ) of hydrocarbons will appear in 2021-2024. This was announced by Deputy Minister of Energy of the Russian Federation Pavel Sorokin. “The process is long, but I think it’s necessary to look at the horizon of three to …
Gazprom Neft Establish the Bazhen Center in the Khanty-Mansiysk Autonomous District
The task of the new LLC will be the formation of a complex of profitable technologies for the development of the Bazhenov suite. Gazprom Neft created the Technological Center Bazhen LLC in the Khanty-Mansiysk Autonomous Okrug. The main task of the new unit will be the formation of a complex …
OPEC: Wednesday, 8 August 2018, Daily Basket Price Stood at $72.21 a Barrel
Vienna, Austria, 9 August 2018–The price of OPEC basket of fifteen crudes stood at $72.21 a barrel on Wednesday, compared with $72.58 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 …
KDR 2018 – Agenda and Sponsorship Update
KDR Well Engineering Forum 2018 Are you looking to do business with NC KazMunayGas, SRI PDT, NCOC, KPO, Zhaikmunai, Shell, KazpetroDrilling, EmbaMunaiGas, MangistauMunaiGas plus other key Kazakh operators, drilling contractors and service companies? The 4th KDR Well Engineering Forum – the leading forum of its type for Kazakhstan – will …
Rosneft: Operating Results for Q2 and H1 2018
Q2 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REMAINED FLAT QoQ AT 5.71 MMBOE AVERAGE DAILY LIQUIDS OUTPUT UP BY 0.8% QoQ ABILITY TO FURTHER INCREASE OUTPUT IN H2 2018 SUCCESSFUL ROSNEFT-2022 STRATEGY IMPLEMENTATION Q2 2018 GAS PRODUCTION AT 16.5 BCM Q2 2018 REFINING THROUGHPUT GROWTH IN RUSSIA BY 1.9% YoY H1 2018 REFINING …
OPEC: Daily Basket Price, Friday, 3 August 2018 Stood at $72.07 a Barrel
Vienna, Austria, 6 August 2018–The price of OPEC basket of fifteen crudes stood at $72.07 a barrel on Friday, compared with $71.61 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 …