Andrei Babish: Europe Should Agree with Gazprom on Long-term Gas Contracts
Europe must agree with Russia on long-term gas supply contracts and use the capacity of Nord Stream 2. This was stated by the Prime Minister of the Czech Republic Andrei Babis. The Nord Stream gas pipeline is an investment of money from Gazprom and Western European companies. It was built and should …
Russian Oil Exports to Non-CIS Countries Decreased by 4.6% in 10 months
In January-October 2021, Russian oil exports to non-CIS countries amounted to 176.76 million tons, which is 4.6% less than in 2020. Such data are indicated in the operational summary of the CDU TEK. Average daily exports were fixed at 4.26 million barrels. Leap year correction has been taken into account. In total, …
Bank of America: Predicts Oil at $ 120
The price of Brent crude by the end of June 2022 will increase to $ 120 per barrel. This forecast was given by analysts at Bank of America. They said the increased demand for gasoline, coupled with limited refining capacity, could accelerate the rise in feedstock prices next year. The global …
90 Countries Support EU-US Initiative to Reduce Methane Emissions by 30%
More than 90 countries have agreed to a global EU-US initiative to reduce methane emissions by 30% by 2030. These included 15 of the 30 countries with the highest emissions. “At the official ceremony of the second day of the 26th Conference of the Parties to the United Nations Framework Convention …
ConocoPhillips Announces Third-Quarter 2021 Financial and Operational Results
ConocoPhillips today reported third-quarter 2021 earnings of $2.4 billion, or $1.78 per share, compared with a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share. Excluding special items, third-quarter 2021 adjusted earnings were $2.4 billion, or $1.77 per share, compared with a third-quarter 2020 adjusted loss of $0.3 billion, …
Tatneft: Figures Demonstrating Operation Results in October and for Ten Months of 2021
Enterprises of the TATNEFT Group of Companies produced 2,438.3 thousand tonnes of crude oil in October with the production volume from the beginning of the year amounting to 23,031.4 thousand tonnes, which was 1,305.5 thousand tonnes more than during the same period in 2020. PJSC TATNEFT’s production volume amounted to …
Russneft: Board of Directors Extend the Powers of Company President Evgeny Tolochka for Another Five Years
Prior to that, in 2014-2015, he worked as Deputy General Director for Production at NK Neftisa JSC. In June 2015, he was appointed Vice President for Production and Geology at Russneft. At the end of September, the shareholders of Russneft at an extraordinary meeting re-elected the company’s board of directors. …
Gazprom: Gas Production and Supplies, Results for 10 months
According to preliminary data, Gazprom produced 422.6 billion cubic meters of gas in January–October of 2021, which is 15.8 per cent (or 57.7 billion cubic meters) more than in the same period of last year. Gazprom ramped up its domestic supplies from the gas transmission system by 17.2 per cent (or by 28.8 billion cubic …
PetroNeft Resources: Appointment Eskil Jersing as Independent Non-Executive Director
PetroNeft an oil and 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 announce that the Board has elected Eskil Jersing as Independent Non-Executive Director of the Company …
Eni: Signs Agreement with Gazprom on Existing Gas Supply Contracts
Eni and Gazprom have signed an agreement to revise the terms of existing long term gas supply contracts in the light of the current and future market evolution, including the settlement of the ongoing disputes between the parties. The agreement underlines the importance of the role played by gas in …