Oil

Equatorial Guinea is in talks with Opec about joining the organisation this year.

Dmitry Medvedev, Prime Minister of the Russian Federation, granted a Diploma to Nail Maganov, General Director of PJSC TATNEFT and Leonid Alekhin, General Director of JSC TANECO.

On January 17, the delegation of Czech Republic headed by Minister of Industry and Trade Jan Mladek visited SOCAR main office and met with SOCAR Vice President for Field Development Yashar Latifov

In Rome, MIT President Reif and Eni CEO Descalzi discuss low-carbon breakthroughs and future research.

Gazpromneft-Aero is the first Russian aviation fuel operator to switch to automated recording of aviation fuel supplies when refueling commercial aircrafts. This will substantially reduce the time required for refueling and will make the payment processes with airlines more efficient.

 

Iraqi production will show a more than 200,000 b/d drop by the end of this month, in line with the country's commitment under the Opec output agreement.

ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir.

Policies previewed by US president-elect Donald Trump and his choice of economic advisers raise the prospect of trade disputes emerging with Mexico and China, major buyers of US energy commodities.

NRG Energy, Inc. (NYSE: NRG) and JX Nippon Oil & Gas Exploration Corporation (JX Nippon) have completed construction, on-budget and on-schedule, of Petra Nova, the world’s largest post-combustion carbon capture system.

The enterprises of TATNEFT Croup of Companies produced 28,686, 030 tonnes of crude oil in twelve months of 2016 (105.3 per cent, +1,437,512 tonnes) with PJSC TATNEFT accounting for 28,332,674 tonnes (105.2 процента, +1,405,703 tonnes).

Gazprom Neft subsidiary Gazpromneft Orenburg has discovered a new field — the Novosamarskoye — in the Sorochinsky district of the Orenburg Oblast. Initial oil-in-place reserves are estimated at more than eight million tonnes.

Pre-commissioning works for a complex gas treatment plant (CGTP) have now commenced at the Badra oilfield, Iraq, operator of which is Gazprom Neft.

As 2016 draws to a close, Gazprom Neft has reviewed the outcomes of its “Your Town in Your Own Hands” project laboratory, organised as part of the company’s “Home Towns” corporate social responsibility (CSR) project.

TATNEFT determined the winners of the “Skolkovo Petroleum Challenge 2016" contest established by the Company in the category "Innovative technologies in crude oil production".