RUSSIAN GAS TO HUNGARY: + 37%
GAZPROM - A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, took place at the St. Petersburg International Economic Forum 2017.
The parties discussed Russian gas exports to Hungary, noting that 2017 saw the demand for Russian gas in Hungary growing rapidly: over the past five months, Gazprom's gas supplies to the country added 37.3 per cent compared to the January–May period of 2016.
In 2016, Russian gas exports to Hungary totaled 5.7 billion cubic meters.
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Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude oil production in the country by about 39,000 barrels per day.
OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.
REUTERS - Brent crude futures LCOc1, the international benchmark for oil prices, were at $62.56 per barrel at 0439 GMT, down 16 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $56.59 a barrel, up 4 cents, or 0.1 percent, from their last settlement.
Rosneft as a member of Sakhalin-1 Consortium successfully completed drilling of the world's longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15000 m which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) of 8.0 and 14,129 m stepout.