NOVATEK Reports Preliminary Operating Data for the Third Quarter and Nine Months 2021
PAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2021. In the third quarter 2021, NOVATEK’s hydrocarbon production totaled 149.5 million barrels of oil equivalent (boe), including 19.0 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude …
OPEC Holds Inaugural Technical Workshop with Energy Companies
The OPEC Secretariat today hosted the First Technical Workshop with Energy Companies via videoconference. The Workshop constitutes the Organization’s latest outreach initiative to promote dialogue and international cooperation in support of its overarching objective of fostering a sustainable stability in the global oil market. The event serves as a dynamic …
AKROS and Sakhalin Energy Signed a Memorandum of Cooperation
On September 29, within the framework of the Sakhalin Oil and Gas 2021 Far Eastern Energy Forum, AKROS and Sakhalin Energy signed a memorandum of cooperation. The signing took place in the presence of the Chief Executive Officer of Sakhalin Energy Roman Dashkov. The subject of the document is interaction on the development …
Vladimir Chizhov: The Crisis on the Gas Market in the EU May Soon be Resolved
The situation on the European gas market will stabilize “sooner rather than later.” This assessment was made by the Permanent Representative of the Russian Federation to the EU Vladimir Chizhov. “[Russian President Vladimir Putin] recommended that Gazprom be more flexible. And something makes me think that Gazprom will listen,” Chizhov said. …
Zarubezhneft: May Start Exploration in Kazakhstan
The state company Zarubezhneft is discussing with the NC KazMunayGas participation in onshore exploration projects in Kazakhstan. Possible options include Urikhtau and Ural Oil & Gas in Aktobe and West Kazakhstan regions. “We have opened a data room for some new exploration projects. The Russian company has experience of working in …
Josep Borrell: EU will Need More Russian Gas
Europe is likely to need more Russian gas than has been agreed. This opinion was expressed by the EU High Representative for Foreign Affairs and Security Policy Josep Borrell. According to him, Russia wants Nord Stream 2 to open. “We still need Russian gas, and we will probably need more than [what …
OPEC Daily Basket Price: Friday, 8 October 2021, Stood at $81.56 a Barrel
Vienna, Austria, 11 October 2021 – The price of OPEC basket of thirteen crudes stood at $81.56 a barrel on Friday, compared with $78.60 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), …
Rosneft: Presents New Developments of Unique Software
Rosneft held a scientific and technical conference Digital Technologies in Hydrocarbon Production: From Models to Practice. More than 500 leading representatives of industry, science and IT-sphere from different cities of Russia took part in the event. The organizer was the Scientific Institute of the RN-BashNIPIneft Company. Digitalization in all areas of the …
OPEC Daily Basket Price: Thursday, 7 October 2021, Stood at $78.60 a Barrel
Vienna, Austria, 8 October 2021 – The price of OPEC basket of thirteen crudes stood at $78.60 a barrel on Thursday, compared with $80.65 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), …
TATNEFT Joined the TOP-10 of Environmental Efficiency Rating
The Company headed the list of top ten environmentally efficient enterprises in terms of the disclosed transparency indicators. The environmental rating of the ERA agency assessed the fundamental efficiency of the companies’ production activities. This rating reflects the ability of the enterprises to operate with a low environmental impact, economical …