Kondaneft Introduces a System of Unmanned Aerial Complexes for Monitoring Production Facilities
The Kondaneft company, which is part of the production complex of NK Rosneft, has put into operation a domestic unmanned aerial complex for systemic monitoring of industrial infrastructure at its fields. Aircraft are capable of operating at temperatures from -45 ° C to + 45 ° C, wind speeds up to …
The Gazprom Group’s Sustainable Development Policy was Approved
PJSC Gazprom’s Board of Directors approved the Gazprom Group’s Sustainable Development Policy. The document consolidates the Group’s mission in this area – to make a positive contribution to the social and economic development of the Russian Federation and other regions of the company’s presence, following the principles of environmental and social responsibility. …
Eni’s New Sustainability Report Describes the Company’s Transformation Towards Net Zero
Today, Eni releases Eni for 2020, its 15th voluntary sustainability report, which illustrates Eni’s concrete contribution to a just transition, building on the company’s path towards carbon neutrality by 2050. “Eni for shows our commitment to a socially fair and inclusive energy transition that ensures access to energy for all …
OPEC Monthly Oil Market Report, May 2021
Spot crude prices fell in April for the first time in six months, with North Sea Dated and WTI easing m-o-m by 1.7% and 1%, respectively. Similarly, the OPEC Reference Basket price declined $1.32, or 2.0%, in April, to settle at $63.24/b. However, year-to-date, the ORB was 41.6%, or $17.91, …
OPEC Daily Basket Price: Monday, 10 May 2021, Stood at $67.10 a Barrel
Vienna, Austria, 11 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.10 a barrel on Monday, compared with $66.57 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), …
Russia’s Rosneft to Sell Southern Assets to Focus on Vostok Oil, Sources Say
Rosneft is selling its three southern oil assets and could complete deals for all three by the end of May, sources told Reuters on Wednesday, as Russia’s top oil company shifts focus to the giant northern Vostok Oil project. Vostok Oil, in which global commodities trader Trafigura has a 10% …
OPEC Daily Basket Price: Friday, 7 May 2021, Stood at $66.57 a Barrel
Vienna, Austria, 10 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.57 a barrel on Friday, compared with $67.49 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), …
OPEC Daily Basket Price: Thursday, 6 May 2021, Stood at $67.49 a Barrel
Vienna, Austria, 7 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.49 a barrel on Thursday, compared with $68.20 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), …
MOL Group Q1 Results: Strong Quarter Despite Third Wave of Pandemic and Lockdowns
MOL Group announced its financial results for Q1 2021. MOL Group delivered USD 664mn Clean CCS EBITDA in Q1 2021, 7% higher than last year in the same quarter, despite the third wave of the Covid-19 pandemic and the subsequent travel restrictions and lockdowns in Central and Eastern Europe. Strong …
GECF Expert Commentary – New trends on the global market of LNG carriers
The Covid-19 pandemic has brought new challenges for the global gas industry, with the LNG shipping market not being an exception. Because of the Covid-19 pandemic, the market witnessed a reduction in the global gas demand in 2020, which resulted in a slowdown of the global LNG trade and lower-than-expected …