Nabors Announces Second Quarter 2022 Results
Nabors Industries Ltd. today reported second quarter 2022 operating revenues of $631 million, an increase of approximately 11%, compared to operating revenues of $569 million in the first quarter of 2022. The net loss from continuing operations attributable to Nabors shareholders for the quarter was $83 million, or $9.41 per …
31st OPEC and non-OPEC Ministerial Meeting
The 31st OPEC and non-OPEC Ministerial Meeting was held via videoconference on 3 August 2022. The Meeting noted the dynamic and rapidly evolving oil market fundamentals, necessitating continuous assessment of market conditions. The Meeting noted that the severely limited availability of excess capacity necessitates utilizing it with great caution in …
Tribute to the Late OPEC Secretary General Barkindo and Welcoming of the New OPEC Secretary General Al Ghais
At the 31st OPEC and non-OPEC Ministerial Meeting, held via videoconference on 3 August 2022, a special tribute was paid to the late OPEC Secretary General, HE Mohammad Sanusi Barkindo, by all Heads of Delegation of participating countries in the Declaration of Cooperation (DoC) (video link attached). Heads of Delegation …
OPEC Daily Basket Price Stood at $110.90 a Barrel Friday, 29 July 2022
The price of OPEC basket of thirteen crudes stood at $110.90 a barrel on Friday, compared with $110.84 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), …
Eni: Results for the Second Quarter and Half Year 2022
Eni’s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the second quarter and first half 2022. Eni CEO Claudio Descalzi said: “Amid uncertainty and volatility in markets we moved fast to secure new energy supplies. After new gas agreements with our partners in Algeria, …
NOVATEK Enhances Methane Leak Detection System
PAO NOVATEK announced today that the Company’s subsidiary NOVATEK-Yurkharovneftegas has launched a project for methane leak monitoring with the use of unmanned aerial vehicles (“UAVs”). The initiative forms part of the Comprehensive Environmental and Climate Change Targets Program as well as development of a multi-level leak detection system. Using UAVs …
Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia
Baker Hughes has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its local management team. The agreement follows on the Company’s previously announced suspension of new investments for its Russia operations and commitment to comply with appliable laws and sanctions. The new business will …
OPEC Daily Basket Price Stood at $109.35 a Barrel Tuesday, 26 July 2022
Vienna, Austria, 27 July 2022–The price of OPEC basket of thirteen crudes stood at $109.35 a barrel on Tuesday, compared with $106.27 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …
Wintershall Dea Q2 2022 Results: Strong Financial Delivery and Stable Operations
Wintershall Dea, Europe’s leading independent gas and oil company, today reported its second quarter 2022 results. Q2 2022 SUMMARY Stable operational performance, daily production of 623,000 boe for the quarter, 2% higher YoY, full year guidance revised higher to 620,000-640,000 boe/d from 610,000-630,000 boe/d; Strong financial results underpinned by continued …
Rustam Minnikhanov Was Re-Elected Chairman of the TATNEFT’s Board of Directors
The Board of Directors assessed the formation of the Company’s personnel reserve and the KPI system implementation. A regular meeting of the Board of Directors of PJSC TATNEFT was held in Kazan on July 26, 2022. The meeting participants elected Rustam Minnikhanov, President of the Republic of Tatarstan, as the Company’s …