Russia, GECF Reinforce Cooperation at COP26
On the sidelines of the UNFCCC COP26, HE Alexey Overchuk, Deputy Prime Minister of the Russian Federation held a working meeting with HE Yury Sentyurin, Secretary General of the Gas Exporting Countries Forum (GECF), which reinforced the long-standing historic ties between the Forum and one of the world’s largest energy …
LUKOIL: Reports Preliminary Operating Data for the Third Quarter and Nine Months Of 2021
For the nine months of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,116 thousand boe per day, which is 2.5% higher year-on-year, while in the third quarter of 2021 hydrocarbon production increased by 3.2% quarter-on-quarter. The production growth was attributable to the dynamics of the …
Baker Hughes and Shell: Sign Broad Collaboration Agreement to Accelerate Energy Transition, Achieve Net-Zero Emissions
Energy technology company Baker Hughes and Shell Global Solutions BV have signed a broad strategic collaboration agreement to accelerate the global energy transition by helping each other achieve their respective commitments for net-zero carbon emissions and advancing solutions to decarbonize energy and industrial sectors. The memorandum of understanding (MoU) intends …
Gas Market at an Unstable Equilibrium, Waiting for Supply Hints – Rystad Energy Gas and LNG Market Comments
In Europe, the resumption of Russian gas flows to Germany at Mallnow and small injections into German storage at Rehden have calmed traders nerves and prices after a week of volatility On the other hand, temperatures over the next few weeks are forecast to trend at or below normal through …
The Ministry of Energy Expects a Repeat of the Record for the Russian Level of Oil Production in 2023-2024
The Russian Federation in 2023-2024 can repeat the record for itself oil production – 560 million tons. This was announced by the Minister of Energy of Russia Nikolai Shulginov. “We believe that in 2023-2024 production will amount to about 560 million tons. Our task is to ensure the competitiveness of our resource …
Russian Federation, Gas Production in 2021 will Amount to 777 Billion Cubic Meters. m
In the Russian Federation, the production of oil and gas condensate by the end of 2021 will grow by 0.8% – up to 517 million tons, gas production will increase by 12% – 777 billion cubic meters. m. This was stated by the Minister of Energy of the Russian Federation Nikolai …
OPEC Daily Basket Price: Tuesday, 9 November 2021, Stood at $82.64 a Barrel
Vienna, Austria, 10 November 2021 – The price of OPEC basket of thirteen crudes stood at $82.64 a barrel on Tuesday, compared with $82.34 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), …
Ugra Oilmen Produced the 300-Millionth Ton of Uray Oil
In Ugra, 300 million tons of Uray oil have been produced. A test tube with a jubilee sample of black gold was handed over to the Governor of the Okrug Natalya Komarova at the end of last week during her working trip to Urai. During his visit to the Uraineftegaz Chamber …
Rosnedra: to Hold Auction for Oil and Gas Site in Irkutsk Region on December 14
On December 14, Rosnedra will hold an auction for the right to use subsoil for the purpose of geological exploration, exploration and production of hydrocarbons at the Nakannovsky site located in the Irkutsk region. This is reported by the department. The area of the site is 15.7 thousand square meters. km, its …
Rosneft: Receives 60 Proposals for Cooperation on the Vostok Oil Project
Rosneft has completed a series of roadshows for the Vostok Oil project for foreign suppliers and contractors. The company received about 60 proposals for cooperation. As part of the event, Rosneft held 16 meetings with major suppliers of work and services and engineering companies from 15 countries in Europe, Asia and …