OPEC Monthly Oil Market Report, April 2020
Crude oil prices recorded a second sharp monthly drop in April, amid an increasing oil surplus in the spot market. The OPEC Reference Basket (ORB) value plummeted by $16.26, or 48.0%, m-o-m, to $17.66/b, the lowest monthly level since December 2001. With regard to crude futures, ICE Brent declined by …
Gazprom Neft Increases the Efficiency of Developing the Oil Rim of the Chayandinskoye Field
Gazpromneft-Zapolyarye commissioned the first fishbon on the oil rim of the Chayandinskoye field in Yakutia. The starting flow rate of a multilateral well doubled that of previously used horizontal structures and amounted to about 400 tons per day. The first fishbone multilateral well * on the oil rim of the Chayandinskoye …
Petrosibir: Annual Report for 2019 Published
Petrosibir’s Annual report for 2019 is available as of today 13 May 2020 on the company’s website www.petrosibir.com. A PDF of the report is attached to this press release. For more information, please contact: Pavel Tetyakov, CEO, +46 8 407 1850 Gunnar Danielsson, deputy CEO and CFO, +46 70 738 0585 …
Petrosibir: Production Report for April 2020
Petrosibir’s total oil production during April 2020 amounted to 35,808 barrels, equivalent to 1,283 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. 2019 2020 Average Jan Feb Mar Apr Total production Bashkiria 10 469 10 622 9 …
OPEC Daily Basket Price: Friday, 8 May 2020, Stood at $22.21 a Barrel
Vienna, Austria, 11 May 2020—The price of OPEC basket of thirteen crudes stood at $22.21 a barrel on Friday, compared with $22.91 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), …
Fitch Ratings Affirmed TATNEFT’s ‘BBB-‘ Credit Rating with Stable Outlook
Fitch Ratings announced that it has affirmed the issuer’s long-term default probability rating of PJSC TATNEFT at “BBB-” with the “stable” outlook According to Fitch Ratings, the confirmation of the credit rating reflects, inter alia, the Company’s low debt level, significant crude oil production, as well as large proven reserves. …
Tatneft Group’s Total Proved Reserves of Crude Oil and Condensate at Year-End 2019 Amounted to 6.7 Billion Barrels or 940 Million Tonnes
Based on the audit by an independent oil and gas consulting firm Miller & Lents, Ltd. net recoverable oil and gas reserves of Tatneft in accordance with the standards of the Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE-PRMS) …
MOL Group Reported USD 152mn Net Loss in Q1
USD 152mn net loss reported for Q1 on the back of large foreign exchange losses and inventory losses caused by weaker HUF and the plunging oil prices Underlying operations were running strong until mid-March, when the pandemic-related lockdown started to seriously affect all business lines Upstream EBITDA declined by 35% …
OPEC Daily Basket Price: Tuesday, 5 May 2020, Stood at $21.44 a Barrel
Vienna, Austria, 6 May 2020—The price of OPEC basket of thirteen crudes stood at $21.44 a barrel on Tuesday, compared with $18.36 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), …
OPEC Daily Basket Price: Monday, 4 May 2020. Stood at $18.36 a Barrel
Vienna, Austria, 5 May 2020—The price of OPEC basket of thirteen crudes stood at $18.36 a barrel on Monday, compared with $16.52 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), …