Rosneft: Announces Climate Goals Until 2035
The Rosneft Board of Directors reviewed the Company’s Carbon Management Plan until 2035. The document has been drafted over several months, takes into account the position of the Company’s key shareholders and will form the basis of Rosneft’s environmental agenda in the context of low-carbon development of the economy, including climate …
Rosneft: Results of the Final Summary Meeting of the Board of Directors
On December 17, 2020, the final in-person meeting of the Rosneft Board of Directors was held. The Board of Directors reviewed the interim results of the Company’s activities for 2020 and approved the plan of financial and economic activities for 2021-2022. In 2020, the Company ensured the implementation of key areas …
Rusneftekhim: Acquires 5 New License Blocks
Rusneftekhim has acquired five license blocks located in the Shuryshkarsky district of the Yamalo-Nenets Autonomous Area. The licensed blocks – Ilyagortsky, Mategansky, Ust-Kunovatsky, Khalasiegansky and Yuzhno-Tiltimsky form a large cluster with a total area of 8430 km2. The initial resources on the state's balance sheet are 35.11 million tons of …
Combined RDCR & KDR Event Opens to the Public
The team at TMG Worldwide would like to thank all sponsors and participants for attending the first “virtual” combined RDCR & KDR Well Engineering Forum. We are pleased to announce that the combined RDCR and KDR is now fully available and open for wider industry access and participation. In order …
SPD: Sets a New Drilling Record
In November, a new performance level was achieved for “days per 1,000 meters drilled” indicator during construction of one of wells in the South Hub: 2.65 days / 1,000 m, while the target indicator for the current year is 3.85 days / 1,000 m. As a result, a horizontal well was drilled in …
ExxonMobil: In Memory of Glenn Waller
It is with great sadness we inform that December 16, ExxonMobil Russia Inc. President and Exxon Neftegas Ltd. Chairman Glenn Waller passed away. He was at his home in Sydney, Australia, surrounded by his beloved family. Glenn Waller has studied and worked in Russia for over 25 years. A former …
OPEC Daily Basket Price Stood at $50.12 a Barrel Wednesday, 16 December 2020
Vienna, Austria, 17 December 2020 – The price of OPEC basket of thirteen crudes stood at $50.12 a barrel on Wednesday, compared with $49.61 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: Tuesday, 15 December 2020, Stood at $49.61 a Barrel
Vienna, Austria, 16 December 2020 – The price of OPEC basket of thirteen crudes stood at $49.61 a barrel on Tuesday, compared with $49.65 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), …
Gazprom Neft: Developing an Innovation Center for Researching Unconventional and Hard-to-Recover Reserves in Yugra
Gazpromneft – Technological Partnerships opened new laboratories at the Core Research Center in Khanty-Mansiysk. The project, with a total investment of 1.3 billion rubles, will create the most modern site in Russia for studying hard oil rock samples and accelerate the development of technologies for developing the Bazhenov formation. The …
bp Acquires Majority Stake in Largest US Forest Carbon Offset Developer Finite Carbon
New investment creates bp majority stake in offset developer Aiming for rapid growth of firm through bp’s business accelerator, Launchpad Finite Carbon targeting expansion that will deliver further $1 billion revenue to small landowners by 2030 bp has acquired a majority stake in carbon offset developer Finite Carbon, building on …