NOVATEK Starts Production at Kharbeyskoye Field
PAO NOVATEK announced today that the Company’s subsidiary NOVATEK-TARKOSALENEFTEGAS has started pilot production from gas condensate deposits at the Kharbeyskoye field, part of the North-Russkiy cluster. The annual production level for the field’s gas and gas condensate program is 3.6 bcm of natural gas and 0.6 mmt of gas condensate. …
Head of Lukoil Visits Kazakhstan
The President of the Republic of Kazakhstan Kassym-Jomart Tokayev met with President of LUKOIL Vagit Alekperov in the city of Nur-Sultan, today. The parties discussed LUKOIL’s progress in projects in Kazakhstan and plans for the future cooperation. During his business trip to Kazakhstan, Vagit Alekperov also had meetings with Prime …
OPEC Daily Basket Price: Monday, 15 November 2021, Stood at $80.84 a Barrel
Vienna, Austria, 16 November 2021 – The price of OPEC basket of thirteen crudes stood at $80.84 a barrel on Monday, compared with $81.64 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), …
Gazprom’s Gas Supplies to Germany and Italy Already Exceeding Last Year’s Totals
According to preliminary data, Gazprom produced 445 billion cubic meters of gas in the period from January 1 through November 15 of 2021. This is 15.2 per cent (or 58.8 billion cubic meters) more than in the same period of last year. The Company ramped up its domestic supplies from the …
TATNEFT and SPIMEX Move Forward with Cooperation
TATNEFT and the St. Petersburg International Mercantile Exchange have assessed the current results of export sales of petroleum products using online auctions. The interim results for 10 months of 2021 in the OTC market electronic trading system (ETS BP SPIMEX) exceeded two million five hundred thousand tonnes of petroleum products …
Petrosibir: Production Report for October 2021
Petrosibir’s total oil production during October 2021 amounted to 30,933 barrels, equivalent to 998 barrels per day. The table below summarises the average monthly / daily production in 2020 and per month in 2021, broken down by region. TOTAL PRODUCTION, BBL 2020 2021 Average Jan Feb Mar Apr May Jun …
Shell: Seeks Shareholder Approval to Change Articles to Implement a Simplified Structure
Royal Dutch Shell plc posted a circular which includes the notice of its GM, which can be viewed and downloaded from www.shell.com/gm. The Notice states that the GM is scheduled to be held at Rotterdam Ahoy, Ahoyweg 10, 3084 BA Rotterdam, the Netherlands at 10:00 (Dutch time) on Friday December …
The Russian Government, Gazprom Neft and Khanty-Mansi Autonomous Okrug-Yugra will Develop Technologies for the Production of “Hard to Recover” Oil
Deputy Prime Minister of the Russian Federation Alexander Novak approved the federal project “Technologies for the Development of Hard-to-Recover Hydrocarbons”. The document, a joint initiative of the Russian Ministry of Energy, Gazprom Neft and the administration of the Khanty-Mansi Autonomous Okrug-Yugra, is aimed at developing innovative methods for enhancing oil recovery …
Rosneft: Q3 and 9M 2021 Financial Results – Record Company Profit
Consolidated IFRS financial results for 3Q 2021 and 9M 2021: 3Q 2021 2Q 2021 Change, % 9M 2021 9M 2020 Change, % RUB bln (except %) Revenues and equity share in profits of associates and joint ventures 2,320 2,167 7.1% 6,224 4,2361 46.9% EBITDA 638 571 11.7% 1,654 845 95.7% EBITDA margin 27.0% …
Rosneft: Q3 and 9M 2021 Production Results – Drilling Activity Up 40% YoY
ESG Rosneft continues to implement activities under the Carbon Management Plan until 2035. Within the Plan’s framework, in the reporting period, the Company agreed with Equinor, ExxonMobil and Japan’s Natural Resources and Energy Agency (part of METI) on cooperation in the area of emissions management. The collaboration includes the study …