OPEC’s 8th International Seminar Postponed to 29-30 June 2022
The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria. OPEC Secretary General, HE …
MOL Group to Launch Updated, Integrated Long-Term Strategy
The Board of Directors reviewed and approved “MOL Group 2030+”, an update of the company’s long-term strategy – which was originally announced in October 2016 – fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. ”The MOL 2030 long-term strategy has so …
OPEC daily basket price stood at $62.00 a barrel Monday, 22 February 2021, compared with $61.30 the previous Friday
Vienna, Austria, 23 February 2021–The price of OPEC basket of thirteen crudes stood at $62.00 a barrel on Monday, compared with $61.30 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), Girassol (Angola), Djeno …
OPEC daily basket price stood at $61.30 a barrel Friday, 19 February 2021, compared with $63.43 the previous day
Vienna, Austria, 22 February 2021–The price of OPEC basket of thirteen crudes stood at $61.30 a barrel on Friday, compared with $63.43 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 …
PetroNeft Resources: Alastair McBain,Elected to Board as David Golder Steps Down
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, announces that David Golder has, after 15 years’ service to the company, decided to retire from the Board with immediate effect. The Board has …
MOL Group: 2020 Results – A Solid Performance in a Very Challenging Year
Today, MOL Group announced its financial results for 2020. Despite the challenging pandemic and economic crisis, MOL Group generated USD 464mn Clean CCS EBITDA in Q4, bringing full-year Clean CCS EBITDA to USD 2.05bn, above the updated guidance. In a year of disruption, volatility and uncertainty, all segments generated positive …
OPEC daily basket price stood at $63.43 a barrel Thursday, 18 February 2021, compared with $63.04 the previous day
Vienna, Austria, 19 February 2021–The price of OPEC basket of thirteen crudes stood at $63.43 a barrel on Thursday, compared with $63.04 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 (Congo), …
Russneft: Resumes Drilling at the Vostochno-Kamennoye Field
PJSC “RussNeft” starts preparations for implementing the advance drilling program at Vostochno-Kamennoye field of Vodorazdelny license. During the winter period of 2021 it is planned to bring the mobile drilling rig to drill 3 directional wells with core sampling from producing formations of Tuymen suite. The cumulative remaining recoverable reserves …
Orenburgneft: Saved 1bn Rub Through Innovative Technologies
The economic effect from the introduction of innovative technologies at the production facilities of Orenburgneft JSC (a subsidiary of Rosneft Oil Company) in 2020 exceeded 1 billion rubles. Comprehensive development of scientific and technological potential is one of the key elements of the Rosneft-2022 Strategy. As part of this work, the …
OPEC daily basket price stood at $63.04 a barrel Wednesday, 17 February 2021, compared with $62.48 the previous day
Vienna, Austria, 18 February 2021–The price of OPEC basket of thirteen crudes stood at $63.04 a barrel on Wednesday, compared with $62.48 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 (Congo), …