Analytics: page 3

Moscow. This year the State Reserves Committee celebrated its 90th anniversary. That is why the Reserves Ministry, Rosnedra and the UN European Economic Committee supported the international conference “Issues on reserves estimation in Russia compared to the international standards”. ...

On Friday Brent quotes on the spot market reached the bottom of the long-term rising trend, which began last year (pic. 1). The price minimum was $47. 42 for a barrel, and then it started growing cautiously. On Monday, while Russia was having a bank holiday, Brent was traded at $48-49 in ...

Moscow. International conference “New ideas in oil and gas geology” took place in Moscow State University on 25-26 May. Our reporter talked to Oil&Gas Information Agency expert Alexander Khurshudov, who took part in the event. - Alexander Grigorievich, first of all share ...

Moscow. The US Energy Ministry amended its forecast on shale oil production making it bigger. By June 2017 it is supposed to reach 5. 4 million barrels per day. For the second month of the year alone the oil production grew by 150 thousand barrels per day. The share of the Permian oilfield ...

Moscow. The US Finance ministry decided not to make any exemptions from the anti-Russian sanctions and not allow Exxon and other American companies to drill in the RF, having consulted Donald Trump, the US president. According to the information published by Interfax on 21 April with reference ...

Moscow. The US President Donald Trump’s order to expand oil and gas production in the US offshore means the end of the shale oil production era. This is what Sergey Donskoy, the Natural Reserves and Ecology minister claimed. . . It means that the new administration are placing stakes on ...

Moscow. The top priority for the RF mineral reserves development project till 2030 is “putting into operation the previously discovered, explored, but not currently developed deposits of the hard-to-recover reserves associated with the Bazhenov formation, the Domanic horizon and similar ...

Moscow. Relieving Belorussia from the counter-deliveries of petrol to Russia won’t influence the market. The Oil and Gas Information Agency’s experts believe that the abandonment of the compulsory counter-deliveries of petroleum products from Belorussian refineries won’t affect ...

IIn February OPEC reduced oil production by 139. 5 thousand bpd. Meanwhile Saudi Arabia claims that it was producing 10. 011 mln bpd last month, though according to other sources this figure is 214 thousand bpd less. Kuwait and the UAE combined lost 0. 8%, while Nigeria gained 3. 7%. Iran ...

Tyumen. The geology in Russia today is on the verge of a new phase: the approach to reserves is drastically changing. Russia has become the first country, whose national classification of hydrocarbon (HC) reserves got recognized by the UN. Now is the time to summarize the results, and pay ...

Moscow, 13 March 2017. Threatened with fines from the European Commission… Gazprom agreed to drastically reconsider the pricing for the Eastern Europe and the Baltic countries, according to the European Commission press center’s report issued on Monday. The price of gas ...

Moscow, 10. 03. 2017. The oil prices resumed the negative dynamics during the second half of trading on Friday, 10th March. A barrel of North Sea oil dropped to $51. 18, a barrel of light Texas oil went down in value to $48. 37. These are the lowest indicators of the commodity market since ...

By mid-February the commercial stocks of crude oil in the US reached another peak of 518 mln barrels. The stock exchange was taken by surprise and went a bit crazy, the oil bears tried to push WTI price below $52. 5, but were defeated. It’s time to clarify what kind of stocks they are, ...

Starting from March 1st the crude export duty for Russian oil will grow by $1. 5 and reach $91 per ton. This is the result of a little rise in the global oil price in the last 30 days. Consequently, the average Urals price has reached $53. 25 for a barrel or $388. 7 for a ton. BP company ...

A month ago I published an article on the future perspectives of the shale oil and found them not too bright. I couldn’t go into detail in terms of that article, so I had to leave this task for later. The time has come and today I intend to focus on the biggest shale oilfield Bakken. But ...

Moscow. Former ExxonMobil CEO Rex Tillerson was recently confirmed as the 69th secretary of state by a vote of 56 to 43 in the Senate. The opinion of the Congress was far from unanimous. Konstantin Simonov, the head of the National Energy Security Fund, shared his opinion on the new White ...

Moscow. Restoring investment activity, including that of foreign companies, is one of the state’s key priorities. That is what RF Prime Minister Dmitry Medvedev claimed in the latest meeting of the Government Committee on Foreign Investment Control. In the oil industry in the end of 2016 ...

It’s been almost 7 years since I’ve been watching the production of American hard-to-recover reserves, which are commonly miscalled “shale”. No revolution happened due to them, but they stabilized production in the US for several years. If it were not for them, the ...