NOVATEK Reports Preliminary Operating Data for 2020
PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months ended 31 December 2020. In 2020, NOVATEK’s hydrocarbon production totaled 608.2 million barrels of oil equivalent (boe), including 77.37 billion cubic meters (bcm) of natural gas and 12,237 thousand tons of liquids (gas condensate and …
OPEC Daily Basket Price: Thursday, 14 January 2021, Stood at $55.19 a Barrel
Vienna, Austria, 15 January 2021–The price of OPEC basket of thirteen crudes stood at $55.19 a barrel on Thursday, compared with $55.81 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 …
LUKOIL: Develops Its Own Completion System For Horizontal Wells
LUKOIL has become the first company in Russia to successfully develop and implement own completion system for horizontal wells. The high technological reliability of the new import substituting equipment will make it possible for the Company to start the commercial production of reserves which till recently was hindered due to lack …
PetroNeft Resources: Belgrave Naftogas to Acquire 40% of Licence 67 for US$2.9 million
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following update: Highlights Heads of Terms signed with Belgrave Naftogas (formerly Arawak Energy Russia B.V.) to acquire an additional …
OPEC Monthly Oil Market Report, December 2020
Crude Oil Price Movements Spot crude prices settled sharply higher in December, extending the previous month’s gains, buoyed by a further improvement in physical market fundamentals and strong crude buying from the Asia Pacific region. The OPEC Reference Basket increased by $6.56, or 15%, month-on-month (m-o-m), to stand at $49.17/b …
Petrosibir: Production Report for December 2020
Petrosibir’s total oil production during December 2020 amounted to 33,388 barrels, equivalent to 1,077 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. TOTAL PRODUCTION, BBL 2019 2020 Average Jan Feb Mar Apr May Jun Bashkiria 10 469 …
PetroNeft: Financing Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide the following financing update: Loan Facility In June 2019 PetroNeft agreed a convertible loan facility of US$1.3 million with a …
OPEC Daily Basket Price: Wednesday, 13 January 2021, Stood at $55.81 a Barrel
Vienna, Austria, 14 January 2021 – The price of OPEC basket of thirteen crudes stood at $55.81 a barrel on Wednesday, compared with $55.41 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 Stood at $54.76 a Barrel on Monday, 11 January 2021
Vienna, Austria, 12 January 2021–The price of OPEC basket of thirteen crudes stood at $54.76 a barrel on Monday, compared with $54.39 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 …
Russneft: Planning to Increase Oil Production by 2% in 2021 – up to 6.5 million tons
Russneft’s business plan for 2021 assumes the development of capital investments at the level of 20 billion rubles, which will allow the construction of about 110 wells, the largest number of which will be in the Varyogansky block and the Verkhne-Shapshinskoye field. Russneft also expects to start building infrastructure in the …