Eurasia Journal News

PJSC “LUKOIL” released its condensed interim consolidated financial statements for the three-month period ended March 31, 2020 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2020 4Q 2019   1Q 2020 1Q 2019 (RUB bln) 1,666.0 1,912.4 Sales 1,666.0 1,850.9 150.8 278.2 EBITDA 150.8 298.1 109.2 211.8 Exploration and production …

Gazprom and RusGazDobycha reached a final investment decision on the project for the development of the Semakovskoye gas field in the Yamal-Nenets Autonomous Area. The field, which is located in the waters of Taz Bay and partly on land in the Taz Peninsula, is classified as large: its recoverable gas reserves exceed 320 billion cubic meters. During the preparatory stage, the …

Vienna, Austria, 3 June 2020–The price of OPEC basket of thirteen crudes stood at $34.95 a barrel on Tuesday, compared with $33.68 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), …

Russian oil and gas condensate production fell to 39.7 million tonnes (9.39 million barrels per day) in May, near its target under a deal within the OPEC+ group, Interfax news agency reported on Tuesday, citing energy ministry data. The figure was in line with data from sources, reported by Reuters …

Gazprom is now the largest issuer in the MSCI Russia Index. The Company’s ranking was revised based on the latest review of the stock index by MSCI. In the second quarter of 2020, MSCI revised the free float-adjustment factor – one of the key indicators on the basis of which the weight of securities of every issuer is measured – for Gazprom’s shares. Starting from June …

Vienna, Austria, 2 June 2020–The price of OPEC basket of thirteen crudes stood at $33.68 a barrel on Monday, compared with $29.01 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), …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for May. Production Report The average production in May 2020 was 3,372 barrels of oil equivalent per day (45% higher than April 2020). The increased gas plant throughput was …

For the first time in Russia, Gazprom Neft adapted the method of offshore electrical exploration to study deposits of difficult oil. The new approach made it possible to identify the most promising sections of the Bazhenov formation, the industrial development of which will begin in 2021. The Gazprom Neft Science and …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Arc7 ice-class LNG tanker “Christophe de Margerie” of Sovcomflot successfully transited the Eastbound ice-covered part of the Northern Sea Route (“NSR”) and reached the Bering Strait in only 12 days. The voyage across the NSR to the Bering Strait was …

Vienna, Austria, 29 May 2020–The price of OPEC basket of thirteen crudes stood at $28.45 a barrel on Thursday, compared with $29.03 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), …