Oil & Gas Operators

Vienna, Austria, 3 August 2018–The price of OPEC basket of fifteen crudes stood at $71.61 a barrel on Thursday, compared with $72.10 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), …

Vienna, Austria, 2 August 2018–The price of OPEC basket of fifteen crudes stood at $72.10 a barrel on Wednesday, compared with $73.62 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), …

Russia’s vast but challenging Arctic offshore oil resources have regainedtheir appeal due to the oil price recovery and, given time, are likely todevelop into the country?s key oil-producing region, according to GazpromNeft’s official responsible for Arctic projects. The state-run oil company operates Russia’s only producing Arctic offshore oilfield, Prirazlomnoye in the Pechora Sea, …

Vienna, Austria, 1 August 2018 – The price of OPEC basket of fifteen crudes stood at $73.62 a barrel on Tuesday, compared with $73.53 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), …

Deep Well 801 As previously announced we successfully completed a 350 meter side-track from a depth of 4,501 meters by-passing the blocked pipe. A 5-inch liner was run to the new bottom of the borehole at a Total Depth of 4,852 meters. Also as previously announced while drilling the side-track …

LUKOIL completed transportation and started installation of the substructure for the wellhead platform (mini offshore ice-resistant fixed platform) at the Vladimir Filanovsky field in the Caspian Sea. The wellhead platform is designed to produce and gather crude oil, as well as to supply it to the central processing platform of …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its subsidiary OOO Arctic LNG 3 commenced drilling of the first well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The initial well is drilled using a jack-up floating drilling rig “Amazon” leased from “Gazprom flot”. The …

On 26 April BP announced that Helge Lund would join the board as a non-executive director on 1 September, becoming chairman on 1 January 2019 when Carl-Henric Svanberg steps down. Mr Lund has been able now to join the board earlier; this will not affect the timing of his succession to …

The Gazprom Board of Directors reviewed and approved the efforts as part of the implementation of the Power of Siberia project and the shaping of gas processing infrastructure in Russia’s Far East. It was noted that Gazprom’s ambitious investment projects in the eastern part of Russia were pivotal to the country’s sustainable social and economic development. By exploring gas reserves and creating gas transmission and processing capacities, the Company works toward …

The Gazprom Board of Directors took note of the information about measures to facilitate the integration of domestically-manufactured equipment and technologies in the production operations of the Gazprom Group. It was highlighted that the Company had been for many years making consistent efforts to reduce the procurements of foreign equipment and technologies in favor of their domestic counterparts. In 2017, the share of Russian materials …