Orenburgneft has Reduced the Cost of Diesel Generation at oil Production Facilities by 13 times
Orenburgneft, the production company of Rosneft, has reduced the use of diesel generation * at its own oil production facilities. Since 2018, the number of diesel power plants has decreased from 33 to 2 units, and the amount of annual annual costs for this period has decreased 13 times – to …
OPEC Daily Basket Price: Wednesday, 7 April 2021, Stood at $60.68 a Barrel
Vienna, Austria, 8 April 2021 – The price of OPEC basket of thirteen crudes stood at $60.68 a barrel on Wednesday, compared with $61.33 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), …
PetroNeft: Conversion of Debt
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to provide a financing update. Highlights $156,000 of debt converted to equity under the 2019 convertible …
Shell Publishes Reports on Sustainability, Industry Associations and Payments to Governments
Shell has published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to remain at the forefront of the drive for greater corporate transparency around activities that are important to investors, governments and civil society. …
OPEC Daily Basket Price: Tuesday, 6 April 2021, Stood at $61.33 a Barrel
Vienna, Austria, 7 April 2021 – The price of OPEC basket of thirteen crudes stood at $61.33 a barrel on Tuesday, compared with $61.70 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), …
Shell First Quarter 2021 Update
This is an update to the first quarter 2021 outlook provided in the fourth quarter results announcement on February 4, 2021. The impacts presented here may vary from the actual results and are subject to finalisation of the first quarter 2021 results. Unless otherwise indicated, presented impacts relate to Adjusted …
Gazprom Neft is Increasing Oil Supplies from the Chayandinskoye Field to the ESPO
Gazprom Neft launched a system for transporting oil from Gazprom’s Chayandinskoye field in Yakutia to the Eastern Siberia – Pacific Ocean trunk pipeline. Completion of construction of the field infrastructure will allow the company to deliver up to 1.5 million tons of oil annually to the ESPO. In the coming years, …
OPEC Daily Basket Price: Monday, 5 April 2021, Stood at $61.70 a Barrel
Vienna, Austria, 6 April 2021–The price of OPEC basket of thirteen crudes stood at $61.70 a barrel on Monday, compared with $61.77 the previous Thursday, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno …
The “Birch Leaf” Project Won First Place at the All-Russian Competition “New Idea”
Rosneft’s unique project for the construction of the Birch Leaf well took first place in the All-Russian competition “New Idea-2020”. The project was implemented by specialists from Taas-Yuryakh Neftegazodobycha and Tyumen Oil Research Center. Comprehensive development of scientific and technological potential is one of the key elements of the Rosneft-2022 Strategy. The …
bp Provides Update on Progress Towards $35 Billion Net Debt Target
bp today provides an update on the expected timing of reaching its $35 billion net debt target including the delivery of disposal proceeds and performance during the first quarter of 2021. “We are pleased to announce that we now expect to have reached our $35 billion net debt target during the first …