Igor Sechin and Bernard Looney Hold a Meeting
During the Russian Energy Week-2021 (REW), a meeting was held between Igor Sechin, Chief Executive Officer of Rosneft, and Bernard Looney, Chief Executive Officer of BP. The parties discussed the prospects of cooperation development, including the possibility of gas supplies to Europe under an export contract between the companies. “Implementation …
Gazprom and Russian Government Sign Agreement of Intent on Hydrogen Energy
Alexander Novak, Deputy Prime Minister of the Russian Federation, and Oleg Aksyutin, Deputy Chairman of the Management Committee – Head of Department at Gazprom, today signed at Russian Energy Week International Forum 2021 an Agreement of Intent aimed at advancing the hi-tech area of activity “Development of hydrogen energy and decarbonization of industry and transport on the basis of natural gas” in the Russian Federation. The …
The Founder of INK Marina Sedykh Took Part in the Eurasian Forum
Co-owner of Irkutsk Oil Company LLC Marina Sedykh spoke at the Eurasian Forum as part of the section “Women for Saving the Planet: Creating Our Future”. The event takes place in St. Petersburg from 13 to 15 October. Currently, INK has decided to make the ESG strategy the main one: …
OPEC Monthly Oil Market Report, October 2021
Crude Oil Price Movements Crude oil prices rebounded m-o-m in September, gaining about 5%, supported by robust oil market fundamentals amid a slow restart of US oil production, further recovery of oil demand and a drop in inventories, along with easing COVID-19-related mobility restrictions in several Asian countries. Moreover, worries …
LUKOIL and Tatarstan Develop Cooperation
Vagit Alekperov, President of PJSC LUKOIL, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed a cooperation agreement today in Moscow. The parties intend to jointly develop upstream and downstream projects, production infrastructure, and public amenities. The agreement aims at increasing the efficiency of Tatarstan fuel and energy complex, …
Rosneft’s Internal Audit Service Receives the Highest Rating from International Experts
The activities of the Rosneft Internal Audit Service comply with the International Professional Standards for Internal Auditing (IA) and the Code of Ethics of the Institute of Internal Auditors, which is the highest rating for internal audit. An external assessment of the activities of Rosneft was carried out by one of …
OPEC Daily Basket Price Stood at $82.37 a Barrel Tuesday, 12 October 2021
Vienna, Austria, 13 October 2021 – The price of OPEC basket of thirteen crudes stood at $82.37 a barrel on Tuesday, compared with $82.53 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), …
Caspian Sunrise: BNG Operational Update
The Board of Caspian Sunrise is pleased to provide the following operational update at the Group’s flagship BNG Contract Area. Shallow structures MJF Production from Well 154, the first of our wells to be drilled horizontally, continues at approximately 600 bopd, using a reduced 7mm choke. Drilling is now complete at Well …
Petrosibir: Production Report for September 2021
Petrosibir’s total oil production during September 2021 amounted to 29,990 barrels, equivalent to 1,000 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 …
OPEC Daily Basket Price: Monday, 11 October 2021, Stood at $82.53 a Barrel
Vienna, Austria, 12 October 2021 – The price of OPEC basket of thirteen crudes stood at $82.53 a barrel on Monday, compared with $81.54 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), …