Gazprom Neft Introduces its own Biotechnology for Oil Production
The Gazprom Neft Science and Technology Center has developed a new bacterial strain that produces universal xanthan gum, a valuable raw material for the oil, food and cosmetic industries. The microorganism is capable of producing from two to four times more xanthan gum than previously known bacteria, which opens up …
LUKOIL Board of Directors Tentatively Approves the Annual Report for 2020
Today at the meeting in Moscow the Board of Directors tentatively aproved the Annual Report of PJSC “LUKOIL” for 2020 for its submission to the Annual General Shareholders Meeting. The Annual Report has been prepared in line with the best international practices, recommendations of the Corporate Governance Code and the …
Gazprom Neft Exports 50 millionth ton of Arctic Oil
The total export volume of ARCO and Novy Port crude oil produced by Gazprom Neft in the Russian Arctic has reached 50 million tons since 2013. The consignment, shipped at the end of April from the Umba floating storage facility in the Kola Bay, was delivered to consumers in northwestern Europe. …
Rosneft is Recognized as the Leader of ESG Rating by Bloomberg Among the Leading Companies in the Oil and Gas Industry
Rosneft continues to strengthen its positions in international ESG ratings (ESG stands for Sustainable Development and Responsible Investment). In the international rating of Bloomberg ESG Disclosure , which evaluates information transparency in the field of ESG, Rosneft improved its position (up to 71.83 points out of 100) and became the leader among the …
Rosneft’s Typical Design System Won the Project Olympus Competition
The Company Typical Design System (STPK) project, presented by Tyumen Oil Research Center LLC for the Project Olympus 2020 competition, entered the top five winners, becoming a finalist in the Best Project of the Year nomination in the Megaprojects category. Rosneft is the absolute leader in the development of standard …
OPEC Daily Basket Price: Monday, 17 May 2021, Stood at $67.52 a Barrel
Vienna, Austria, 18 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.52 a barrel on Monday, compared with $66.16 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), …
Gazprom Neft Delivers Net Profit of More Than ₽84 billion in Q1 2021
Gazprom Neft today announces its consolidated IFRS financial results for the three months ended 31 March 2021. In Q1 2021, Gazprom Neft’s revenue increased 18.7% year-on-year to ₽611 billion. The recovery in the oil price and prices of petroleum products supported a 95.3% increase year-on-year in adjusted EBITDA1 (earnings before interest, taxes, depreciation and amortization), which reached …
OPEC Daily Basket Price: Friday, 14 May 2021, Stood at $66.16 a Barrel
Vienna, Austria, 17 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.16 a barrel on Friday, compared with $66.78 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 Celebrates the International Climate Day
The Company actively supports international and national decarbonization goals. The International Climate Day is celebrated on 15 May. The climate preservation is one of the global problems of the human race. Being a Company of high environmental responsibility, TATNEFT, was one of the first companies in the domestic oil industry …
Lenar Nazipov, TAGRAS: Companies Ready for Changes will Survive in the Market of the Future
General Director of the oilfield services holding – on the state of the industry, principles of anti-crisis management and development plans. – Lenar Limovich, 2020 turned out to be extremely difficult for many industries. In Russia, the volume of oil and gas condensate production decreased by 8.6%. How badly did …