Oil and Gas Sector

18.01.2019

Kashagan to remain dry for 1.5 month

Oil production at the Kashagan oil and gas field will completely stop for 45 days. This was announced by the North Caspian Operating Company (NCOC).

In accordance with regulatory requirements, in 2019 NCOC plans to overhaul the Bolashak onshore complex and the offshore complex D of the Kashagan field on the...

Oil production at the Kashagan oil and gas field will completely stop for 45 days. This was announced by the North Caspian Operating Company (NCOC).

In accordance with regulatory requirements, in 2019 NCOC plans to overhaul the Bolashak onshore complex and the offshore complex D of the Kashagan field on the...

18.01.2019

Russian Baltic ports reduce turnover on oil woes

Following the results of 2018, the Russian ports on the Baltic lost to foreign ports in terms of freight turnover growth rates. According to experts, foreign competitors are actively investing in the development of port infrastructure and attracting new customers, while Russian market players are more engaged in property redistribution....

Following the results of 2018, the Russian ports on the Baltic lost to foreign ports in terms of freight turnover growth rates. According to experts, foreign competitors are actively investing in the development of port infrastructure and attracting new customers, while Russian market players are more engaged in property redistribution....

18.01.2019

Caspian states’ crude oil output on the rise to varying proportions - OPEC

FSU oil production in 2018 is estimated to have grown by 0.24 mb/d to average 14.29 mb/d, revised up by 8 tb/d from the previous forecast. Oil production in Russia and Kazakhstan has increased by 0.17 mb/d and 0.08 mb/d to average 11.35 mb/d and 1.81 mb/d, respectively. Azeri oil...

FSU oil production in 2018 is estimated to have grown by 0.24 mb/d to average 14.29 mb/d, revised up by 8 tb/d from the previous forecast. Oil production in Russia and Kazakhstan has increased by 0.17 mb/d and 0.08 mb/d to average 11.35 mb/d and 1.81 mb/d, respectively. Azeri oil...

18.01.2019

Caspian Sunrise makes deep well progress at BNG licence, Kazakhstan

Caspian Sunrise PLC on Thursday said it is making progress in returning deep well A5 at its BNG contract area in Kazakhstan to an operational level.

Deep well A5 was drilled in 2013 to 4,432 metres but was blocked with drilling fluid and debris. Following this, a side-track was drilled and...

Caspian Sunrise PLC on Thursday said it is making progress in returning deep well A5 at its BNG contract area in Kazakhstan to an operational level.

Deep well A5 was drilled in 2013 to 4,432 metres but was blocked with drilling fluid and debris. Following this, a side-track was drilled and...

18.01.2019

Urals sticks to strong position as trade outlook inspires confidence

Urals crude differentials in northwest Europe and the Mediterranean held firm on Thursday as trade focus shifted to February barrels, while delays in Turkish straits, healthy demand from end-buyers and the absence of Iranian crude provided support.

Russia’s Surgtut was slow to call spot tenders to sell Baltic Urals in February...

Urals crude differentials in northwest Europe and the Mediterranean held firm on Thursday as trade focus shifted to February barrels, while delays in Turkish straits, healthy demand from end-buyers and the absence of Iranian crude provided support.

Russia’s Surgtut was slow to call spot tenders to sell Baltic Urals in February...


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