Verkhnechonskneftegaz Pumped 2.5 bcm of Associated Petroleum Gas into Underground Storage
The Verkhnechonskneftegaz company, which is part of the oil and gas production complex of NK Rosneft, has injected 2.5 billion m3 of associated petroleum gas (APG) into the underground gas storage since the start of the program for its rational use. The gas storage facility was commissioned in 2019. The development …
Orenburgneft Saved More Than 100 Million Rubles Due to an Increase in the Overhaul Period of Equipment Operation
JSC Orenburgneft, a subsidiary of Rosneft, in 2020 increased the overhaul period of the mechanized well stock to 825 days, which is 8.9% more than in 2019. The economic effect from the increase in the turnaround period for electric centrifugal and sucker rod pumps exceeded 111 million rubles. The introduction of …
Ruspetro: Moscow Court Declared the Oil Company Bankrupt
The Moscow Arbitration Court declared the oil company Ruspetro bankrupt and opened bankruptcy proceedings. Alexander Chistyakov is the chairman of the board of directors of the company. The initial bankruptcy procedure – observation – was introduced by the court against the Tax Code in July 2020 at the request of the …
LUKOIL Releases Financial Results Under IFRS for 2020
PJSC LUKOIL today released its audited consolidated financial statements for 2020 prepared in accordance with the International Financial Reporting Standards (IFRS). Financial highlights 4Q 2020 3Q 2020 12M 2020 12M 2019 (RUB bln) 1,530.3 1,456.7 Sales 5,639.4 7,841.2 189.6 202.2 EBITDA 687.1 1,236.2 29.4 50.4 Profit for the period attributable to shareholders 15.2 …
OPEC Daily Basket Price: Tuesday, 9 March 2021, Stood at $66.38 a Barrel
Vienna, Austria, 10 March 2021 – The price of OPEC basket of thirteen crudes stood at $66.38 a barrel on Tuesday, compared with $68.17 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: Monday, 8 March 2021, Stood at $68.17 a Barrel
Vienna, Austria, 9 March 2021 – The price of OPEC basket of thirteen crudes stood at $68.17 a barrel on Monday, compared with $67.03 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), …
PetroNeft: Production Commences at Licence 67
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 announce the following operational news. Highlights Production commenced from the Cheremshanskoye field on Licence 67. …
OPEC Daily Basket Price: Friday, 5 March 2021, Stood at $67.05 a Barrel
Vienna, Austria, 8 March 2021 – The price of OPEC basket of thirteen crudes stood at $67.05 a barrel on Friday, compared with $64.26 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: Completion of Acquisition
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, is pleased to announce that the acquisition of an additional 40% interest In Licence 67 from Belgrave Naftogas (formerly Arawak Russia B.V.) has now completed and therefore PetroNeft’s interest in this licence has risen …
Volga Gas: Proposed Cancellation of Trading on AIM
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, notes the announcement on 05 March 2021 by GEM Capital Holdings (“GEM”) that its recommended offer to acquire the entire issued and to be issued ordinary share capital of Volga Gas (the …