LUKOIL Begins Modernization of its Yarega Field Production Facilities in the Republic of Komi
LUKOIL launched a priority project aimed at the modernization of Yarega field oil mines and related infrastructure. This is mostly due to the Oil Mines Industrial Security Rules devised upon the Company’s own initiative and adopted by the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor). The project entails the first ever …
OPEC Daily Basket Price: Wednesday, 26 August 2020, Stood at $46.05 a Barrel
Vienna, Austria, 27 August 2020–The price of OPEC basket of thirteen crudes stood at $46.05 a barrel on Wednesday, compared with $45.87 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), …
NOVATEK Launched Small-Scale LNG Plant in Magnitogorsk
PAO NOVATEK announced that today in Magnitogorsk a ceremony was held, in the presence of Deputy Prime Minister of the Russian Federation Yury Borisov, to launch the first small-scale LNG plant in the Chelyabinsk region with a design capacity of 40 thousand tons per annum. NOVATEK-Chelyabinsk, a wholly owned subsidiary, …
PetroNeft: Field Optimisation Programs Boosting Production
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 is pleased to announce improved production. Highlights o Production up year on year by 7.8%, to 1,589 bbls/day July 2020, currently averaging 17% above …
OPEC Daily Basket Price: Tuesday, 25 August 2020, Stood at $45.87 a Barrel
Vienna, Austria, 26 August 2020–The price of OPEC basket of thirteen crudes stood at $45.87 a barrel on Tuesday, compared with $45.19 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), …
Meeting of PJSC TATNEFT’s Board of Directors
A regular meeting of the Board of Directors of PJSC TATNEFT named after V.D. Shashin chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on August 25, 2020. There were the results of executing Company’s budget for seven months of 2020 considered and the Company’s …
NOVATEK’s Board Recommends 1H 2020 Dividend
The Board of Directors of PAO NOVATEK discussed the Company’s financial and operational results for the First Half 2020 and decided to convene an Extraordinary General Meeting of Shareholders (“EGM”) on 30 September 2020 in the form of absentee voting, with the following agenda: 1. On the payment of interim …
NOVATEK’s Board of Directors Approved Environmental Targets for the Period up to 2030
The Board of Directors of PAO NOVATEK discussed the progress implementing the Company’s Corporate Strategy and approved environmental targets for the period up to 2030, including atmospheric emissions reduction, associated petroleum gas utilization and waste disposal. The full list of the Company’s environmental targets is available at http://www.novatek.ru/en/development/. The Company’s …
OPEC Daily Basket Price: Monday, 24 August 2020, Stood at $45.19 a Barrel
Vienna, Austria, 25 August 2020–The price of OPEC basket of thirteen crudes stood at $45.19 a barrel on Monday, compared with $44.92 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 (Congo), …
OPEC Daily Basket Price: Friday, 21 August 2020, Stood at $44.92 a Barrel
Vienna, Austria, 24 August 2020–The price of OPEC basket of thirteen crudes stood at $44.92 a barrel on Friday, compared with $45.05 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), …