LUKOIL Reports Preliminary Operating Data for the First Quarter of 2021
In the first quarter of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter. The growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, as well as to …
Kondaneft Introduces Artificial Intelligence to Optimize Production Processes
Specialists of NK Kondaneft JSC (a production asset of Rosneft) have started to create a neural network for processing information from equipment installed on the wells. The digital system, based on the data obtained, selects the optimal well operation mode for the most stable oil production. Also, with the help of digital …
Rosneft: May 15 International Climate Day
On May 15, the international community celebrates Climate Day. The initiative aims to raise awareness of climate change issues affecting the well-being of not only current but also future generations. ” Rosneft” shares and actively supports international and national objectives in the fight against climate change. Adhering to the UN sustainable development goals in the …
Rosneft: Financial Results for Q1 2021
Consolidated financial results under IFRS for the I quarter. 2021: I quarter. 2021 IV quarter. 20 20 % of I quarter. 2021 I quarter. 2020 % of RUB bln (with the exception of %) Sales and income from associates and joint ventures 1737 1521 14.2% 1737 1758 1 (1.2)% EBITDA 445 364 22.3% 445 309 44.0% EBITDA margin 25.0% 23.2% 1.8 pp 25.0% 17.3% 7.7 …
Rosneft: Production Results Per Q1 2021
Sustainable Development (ESG): In February 2021, Rosneft and bp signed a Strategic Cooperation Agreement, which aims to support the activities of both companies in the field of carbon management and sustainable development. The companies agreed to jointly develop new low-carbon approaches and programs, as well as work to identify potential opportunities …
TATNEFT Is Ranking No. 1 in Russia in Terms of the Patents Possessed
The Company has become a leader in Russia in terms of registered patents number for inventions and utility models. According to Rospatent, TATNEFT obtained 281 patents in 2020, which allowed our Company to head the top three leaders (PJSC TATNEFT (281), State Corporation Rosatom (210), PJSC Gazprom (191)). Every 126 …
Gazprom Neft Develops Projects Based on Long-term Risky Operator Agreements
The Gazprom Neft Board of Directors reviewed information on the progress of the company’s projects under long-term risk operator agreements at the fields of PJSC Gazprom and the tasks for their implementation in 2021-2022. Development of oil rims, Neocomian-Jurassic gas and gas condensate deposits, licensed by Gazprom and its subsidiaries – …
Tatneft Announces the Results of its Crude Oil and Gas Reserves Audit as of Year-End 2020
Based on the audit by an independent oil and gas consulting firm Miller & Lents, Ltd. net recoverable oil and gas reserves of Tatneft in accordance with the standards of the Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE-PRMS) …
Caspian Sunrise PLC: Share Issue
In satisfaction of an existing debt the Company has issued 3,017,956 ordinary shares in the Company at an issue price of 2.35p per share. Application will made to London Stock Exchange for these shares to be admitted to trading on AIM (“Admission”), and dealings in the new ordinary shares are expected to …
Petrosibir: Production Report for April 2021
Petrosibir’s total oil production during April 2021 amounted to 28,637 barrels, equivalent to 955 barrels per day. The table below summarises the average monthly / daily production in 2020 and for the first three months of 2021, broken down by region. 2020 2021 Average Jan Feb Mar Apr Total production …