The Declaration of Cooperation of OPEC and Non-OPEC Oil-Producing Countries Reaches Five Years
The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned five today, 10 December 2021. On this day in 2016, OPEC Member Countries and Azerbaijan, the Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea (which later joined OPEC), Kazakhstan, Malaysia, Mexico, the Sultanate of Oman, the …
RussNeft Group: Net Profit for 9M 2021 Grows 5.5-fold up to RUB 23.556 bn
The net profit of RussNeft Group for 9M 2021 amounted to RUB 23.556 bn. In the same period of the previous year, this index made RUB 4.310 bn. EBITDA of the Group for the reporting period increased 2.8-fold, reaching RUB 29.234 bn. Revenue rose from RUB 89.362 bn to RUB 159.442 …
Rosneft Arctic Research Center Celebrates 10 Years of Research Work
A press breakfast dedicated to the 10th anniversary of Rosneft’s research work in high latitudes was held in Moscow. The Arctic Research Center of the Company was established in 2011 to carry out comprehensive research in the following areas: geology of marine and coastal zones, oceanology, hydrometeorology, study of glaciers and …
OPEC Daily Basket Price: Wednesday, 8 December 2021, Stood at $75.09 a Barrel
Vienna, Austria, 9 December 2021 – The price of OPEC basket of thirteen crudes stood at $75.09 a barrel on Wednesday, compared with $74.61 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), …
Gazprom Neft’s Doard of Directors Reviews Interim Results of 2021 Investment Programme
The Board of Directors of Gazprom Neft (the ‘Company’) has reviewed the interim results of its 2021 budget and investment programme, and plans for 2022. The Company’s 2021 investment programme is expected to reach ₽499.4 billion in total. The Company has delivered consistent growth across key financial indicators every quarter throughout 2021 The Company has delivered …
PetroNeft: Conversion of Debt
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61 is pleased to provide a financing update. Highlights Total of $37,500 of debt converted to equity under 2021 …
OPEC Daily Basket Price: Monday, 6 December 2021, Stood at $71.41 a Barrel
Vienna, Austria, 7 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.41 a barrel on Monday, compared with $71.61 the previous Friday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), …
NOVATEK and RWE Sign MOU on Decarbonization and LNG
PAO NOVATEK and RWE Supply & Trading GmbH (“RWE”) signed a Memorandum of Understanding (“MOU”) to mutually cooperate in the field of LNG supply and decarbonization. The MOU envisages the supply by NOVATEK to RWE of low-carbon ammonia and hydrogen to be produced at the Company’s planned project Obskiy GCC …
ConocoPhillips Announces Preliminary 2022 Capital Expenditures Budget; Initiates Three-Tier Returns of Capital Program and Declares Quarterly Variable Cash Distribution
ConocoPhillips today announced several updates that highlight the company’s differentiated value proposition. This announcement follows the recent closing of the company’s acquisition of Shell’s Permian Basin properties on Dec. 1 for net cash of $8.6 billion. Today’s announcement reflects the addition of Shell’s Permian Basin properties, including the previously announced …
OPEC Daily Basket Price: Friday, 3 December 2021, Stood at $71.61 a Barrel
Vienna, Austria, 6 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.61 a barrel on Friday, compared with $70.03 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), …