Petrosibir: Production report for February 2021
Petrosibir’s total oil production during February 2021 amounted to 28,939 barrels, equivalent to 1,034 barrels per day. The table below summarises the average monthly / daily production in 2021 and 2020, broken down by region. 2020 2021 Average Jan Feb Total production Bashkiria 9 777 9 446 7 964 Come …
GEM Capital Holdings (CY) Ltd – Commencement of Compulsory Acquisition Process
On 14 December 2020, GEM Capital Holdings (CY) Ltd (“GEM”) made a cash offer (the “Offer”) to acquire the entire issued and to be issued ordinary share capital of Volga Gas plc (“Volga Gas” or the “Company”). Under the terms of the Offer, Volga Gas Shareholders are entitled to receive, …
Bashneft is Increasing its APG Utilization Capacity
Bashneft, a subsidiary of Rosneft, has completed the reconstruction of a gas pipeline to send associated petroleum gas (APG) from the Urshakskoye field to the Shkapovskoye gas processing plant in Bashkiria. As part of the reconstruction of the facility, a new gas pipeline was built, which will ensure uninterrupted supplies of …
Rosneft Driltec B2 Drilling Fluids Have Increased Standard Shelf Life
Specialists of RN-Lubricants and the Scientific Research Institute for Storage Problems of Rosrezerv jointly carried out work to extend the shelf life of the high-tech base for drilling fluids Rosneft Driltec B2. Previously, the standard shelf life of solutions in consumer warehouses was considered a period of up to one …
OPEC Daily Basket Price: Thursday, 11 March 2021, Stood at $67.39 a Barrel
Vienna, Austria, 12 March 2021–The price of OPEC basket of thirteen crudes stood at $67.39 a barrel on Thursday, compared with $65.60 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), Girassol (Angola), Djeno …
OPEC Monthly Oil Market Report, March 2021
Spot crude prices surged by more than 13% in February to their highest monthly average since January 2020. Oil prices were supported by ongoing improvements in oil market fundamentals and a futures market that remained bullish in anticipation of a recovery in demand amid restrained global oil supplies. Oil prices …
Shell publishes Annual Report and Accounts
The Board of Directors of Royal Dutch Shell plc (the “Company”) has announced the appointment of Sir Andrew Mackenzie as the new Company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021. Andrew will succeed Chad Holliday who will step down on …
The Birth of GreenIT the New Eni and CDP Equity Company for the Production of Electrical Power from Renewable Energy Sources
Eni and CDP Equity have set up GreenIT, a new joint venture for the development, construction and management of plants for the production of electrical power from renewable sources in Italy. GreenIT, 51% owned by Eni and 49% by CDP Equity, will produce energy mainly from photovoltaic and wind power …
TATNEFT Is an Active Participant in the UN Global Compact
On March 9, TATNEFT received the confirmation of the Company’s active status as a member of the UN Global Compact following the first-year results of joining the largest international initiative on the sustainable development. The Company’s actions to integrate 10 Principles and 17 Sustainable Development Goals into the Company’s activities, …
OPEC Daily Basket Price: Wednesday, 10 March 2021, Stood at $65.60 a Barrel
Vienna, Austria, 11 March 2021 – The price of OPEC basket of thirteen crudes stood at $65.60 a barrel on Wednesday, compared with $66.38 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), …