RUSSIAN GAS TO FRANCE: + 9%
GAZPROM - A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Gerard Mestrallet, Chairman of the Board of Directors of ENGIE, took place today at the St. Petersburg International Economic Forum 2017.
The parties discussed Russian gas supplies to France. It was noted that gas exports to the country had increased by 18.2 per cent in 2016, reaching a total of 11.5 billion cubic meters. The upward trend continues: from January through May 2017 Russian gas deliveries to France added 8.8 per cent compared to the same period of 2016.
The meeting participants also reviewed the progress of the Nord Stream 2 project.
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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.