Shell: Accelerates Drive for Net-Zero Emissions with Customer-First Strategy
Shell today set out its strategy to accelerate its transformation into a provider of net-zero emissions energy products and services, powered by growth in its customer-facing businesses. A disciplined cash allocation framework and rigorous approach to driving down carbon emissions will deliver value for shareholders, customers and wider society. Shell …
GECF: Unveils ‘Global Gas Outlook 2050’
The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing nations, will be launching the latest edition of its flagship GECF Global Gas Outlook 2050 (GGO) on 15 February at 15:00hrs Doha time, with the presence of energy stakeholders from around the world. As in previous …
Tatneft: Young Oil Specialists Are Among the Best Scientists in the Republic
The Company’s professionals Irik Fattakhov (Head of the Enhanced Oil Recovery Department of the PJSC TATNEFT’s Executive Office) and Nataliya Knyazeva (Head of the Oil Recovery Laboratory of Flooded Reservoirs (TatNIPIneft Institute) became the winners of the Best Young Scientist contest of the Republic of Tatarstan. The scientists of TATNEFT …
OPEC daily basket price stood at $60.28 a barrel Tuesday, 9 February 2021, compared with $59.58 the previous day
Vienna, Austria, 10 February 2021–The price of OPEC basket of thirteen crudes stood at $60.28 a barrel on Tuesday, compared with $59.58 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 …
Total: To Change Name to TotalEnergies – With Drive Towards Cleaner Energy
Total SE bucked the trend of a disappointing fourth quarter for Big Oil, reporting earnings that exceeded expectations and pledging more cash for cleaner energy. The results show once again how the French giant has outperformed its peers throughout the downturn caused by the coronavirus pandemic. As its more heavily indebted …
RussNeft’s Oil Reserves Increased by 32.6 mln tons in 2020
Incremental reserves at RussNeft totalled 32.6 million tonnes of oil in 2020. Most exploration work in the reporting year was carried out in the Khanty-Mansiysk Autonomous District. The Company annually implements a significant programme of geological exploration works (E&A), the main sources of which will remain hard-to-recover and unconventional reserves …
Experts: The Oil Market is Preparing for a Sharp Increase in Competition
Oil demand is recovering, prices are close to $ 60 per barrel, and this is likely to lead to a softening of the terms of the OPEC + deal to cut production. This opinion was expressed by Vasily Tanurkov, director of the corporate ratings group at ACRA. According to him, …
OPEC daily basket price stood at $59.58 a barrel Monday, 8 February 2021, compared with $58.92 the previous Friday
Vienna, Austria, 9 February 2021–The price of OPEC basket of thirteen crudes stood at $59.58 a barrel on Monday, compared with $58.92 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 …
LUKOIL: Reports Preliminary Operating Data For The Fourth Quarter And Twelve Months Of 2020
In the fourth quarter of 2020 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 9.5% higher quarter-on-quarter. The growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, as well as recovery of …
OPEC daily basket price stood at $58.92 a barrel Friday, 5 February 2021, compared with $58.25 the previous day
Vienna, Austria, 8 February 2021–The price of OPEC basket of thirteen crudes stood at $58.92 a barrel on Friday, compared with $58.25 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), …