Rosneft and CNPC Signed a License Agreement for the use of Hydraulic Fracturing Modeling Technology
Rosneft and the Chinese National Oil and Gas Corporation CNPC, within the framework of the III Russian-Chinese Energy Business Forum, signed a license agreement for the use of RN-GRID software – technologies for modeling and designing hydraulic fracturing (HF). Rosneft’s own development will help improve the efficiency of the development of …
Rosneft: Agrees with Chinese Companies to Study the Wind Energy Potential of Vostok Oil Project
During the III Russian-Chinese Energy Business Forum, Vostok Oil (Rosneft Group Subsidiary) and a number of Chinese companies signed a cooperation agreement to conduct the study of the wind energy potential of Vostok Oil Project. The study precedes the start of the work to design, construct and commission a wind …
OPEC Daily Basket Price: Tuesday, 30 November 2021, Stood at $71.01 a Barrel
Vienna, Austria, 1 December 2021 – The price of OPEC basket of thirteen crudes stood at $71.01 a barrel on Tuesday, compared with $74.20 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), …
INK: Entered the TOP-10 Rating for Environmental Transparency with the World Wildlife Fund
Irkutsk Oil Company LLC took ninth place in the Eurasian rating of environmental transparency of oil and gas companies in 2021, which is held by the World Wildlife Fund ( WWF ) . In comparison with the 2020 rating, INC has moved up two positions. The project is organized with …
OPEC Daily Basket Price: Monday, 29 November 2021, Stood at $74.20 a Barrel
Vienna, Austria, 30 November 2021 – The price of OPEC basket of thirteen crudes stood at $74.20 a barrel on Monday, compared with $76.09 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), …
Arctic LNG 2: Signs Loan Agreements with International Banks
Arctic LNG 2 announced today the signing of loan agreements with international financial institutions and commercial banks. The maximum aggregate loan amount under the facilities to be provided by the Russian and international banks is EUR 9.5 billion for up to 15 years. The external financing package with a consortium …
Gazprom’s Financial Information Under International Financial Reporting Standards (IFRS) for the Nine Months Ended September 30, 2021
Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2021. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the nine months ended September 30, 2021 and …
LUKOIL: Oil Workers in Western Siberia are Awarded with State Awards
By the decree of the President of the Russian Federation, oil workers of OOO LUKOIL-Western Siberia (a 100% subsidiary of PAO LUKOIL) were awarded high state awards for their great contribution to the development of the country’s fuel and energy complex and many years of conscientious work. Vladislav Zubarev, General …
OPEC: Marks the 5th Anniversary of the Landmark ‘Vienna Agreement’
The Organization of the Petroleum Exporting Countries (OPEC) today marks the 5th anniversary of the historic ‘Vienna Agreement’ reached at the 171st Meeting of the OPEC Conference held on 30 November 2016 in Vienna, Austria. The milestone meeting built on the successful ‘Algiers Accord’, reached in Algiers, Algeria, on 28 …
Igor Sechin: Russian and Chinese Companies Plan to Conclude more than 20 Agreements During the RCEBF
Russian and Chinese companies “on the sidelines” of the III Russian-Chinese Energy Business Forum are planning to conclude more than 20 agreements, including for the supply of coal and technology transfer, in the electric power sector, the Executive Secretary of the Commission under the President of the Russian Federation on …