Eurasia Journal News

Gazprom’s Financial Information Under International Financial Reporting Standards (IFRS) for the Three Months Ended March 31, 2021

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the three months ended March 31, 2021. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the three months ended March 31, 2021 and …

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Eurasia Journal News

OPEC Daily Basket Price: Thursday, 27 May 2021, Stood at $67.32 a Barrel

Vienna, Austria, 28 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.32 a barrel on Thursday, compared with $67.47 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), …

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Eurasia Journal News

LUKOIL and Rostechnadzor Conclude Cooperation Agreement

Alexander Trembitsky, Chairman of the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor), and Vagit Alekperov, President of LUKOIL, met today at Rostechnadzor’s headquarters and signed a framework Cooperation Agreement. The document defines main cooperation domains, such as development of data exchange via modern information systems, organizing of …

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Eurasia Journal News

Shell Response to Climate Case Verdict

“Urgent action is needed on climate change which is why we have accelerated our efforts to become a net-zero emissions energy company by 2050, in step with society, with short-term targets to track our progress.”   ​ “We are investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels. …

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Eurasia Journal News

Shell Ordered to Deepen Carbon Cuts in Landmark Dutch Climate Case

A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world. Shell said it was “disappointed” and plans to appeal the ruling, which comes amid rising pressure on energy …

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Eurasia Journal News

OPEC Daily Basket Price: Wednesday, 26 May 2021, Stood at $67.47 a Barrel

Vienna, Austria, 27 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.47 a barrel on Wednesday, compared with $67.41 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), …

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Eurasia Journal News

Sakhalin Energy on Its Strategy to Reduce Its Carbon Footprint

The Sakhalin Oblast Government held a round table entitled “Low Carbon Development of Russia: Priorities and Opportunities of the Sakhalin Oblast”. The event brought together representatives of the region’s executive authorities, academia, community and business. In his opening speech, the Minister of Environment of the Sakhalin Oblast, Aleksander Matnenko, stated …

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Eurasia Journal News

Sakhalin Energy Uses the First Russia Manufactured Downhole Drilling Motor in Project History

For the first time in the history of Sakhalin-2 field development Sakhalin Energy used a downhole drilling motor (DDM) manufactured in Russia. More than a thousand metres has been drilled using this motor in the PA-B well. The successful application of this equipment has become yet another step towards increasing …

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Eurasia Journal News

LUKOIL Signs a Long-Term Agreement with the Largest Kazakhstan Operator of Marine Fields

LUKOIL Lubricants Central Asia LLP, a manufacturer of LUKOIL lubricants, signed a contract for the supply of lubricants to the North Caspian Operating Company NV (NCOC), an operator of the largest offshore oil and gas fields in Kazakhstan. LUKOIL won the company’s tender, becoming a supplier of lubricants for equipment …

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Eurasia Journal News

NOVATEK: Signed Cooperation Agreement with Rostechnadzor

PAO NOVATEK and the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor) signed a Cooperation Agreement on industrial safety. The Parties intend to exchange information in the field of industrial safety by using of state-of-the-art information systems, as well as cooperating on scientific and training programs and improving …

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