Russia’s Rosneft Terminates Venezuela Operations
Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there. The company said it was selling its Venezuelan businesses to a company owned by the Russian government, “including in the joint ventures of Petromonagas, Petroperija, Boqueron, …
Russian State gives Up Majority Share of Rosneft in Venezuela Deal
The Russian state has cut its holding in oil giant Rosneft to below a majority stake as part of its deal to buy the group’s Venezuelan assets, announced over the weekend, a source familiar with the details told Reuters. Rosneft, Russia’s largest oil producer, said on Saturday it had sold …
Caspian Sunrise: Well 150 Producing 500 bopd Day On a 7mm Choke
The Board of Caspian Sunrise is pleased to announce the successful perforation of New Well 150, the first of the planned infill wells on the MJF structure, and that the well is flowing at the rate of approximately 500 bopd using a 7 mm choke. The Board is also pleased to provide …
OPEC Daily Basket Price Stood at $24.26 a Barrel Friday, 27 March 2020
Vienna, Austria, 30 March 2020—The price of OPEC basket of thirteen crudes stood at $24.26 a barrel on Friday, compared with $26.04 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: Thursday, 26 March 2020, Stood at $26.04 a Barrel
Vienna, Austria, 27 March 2020—The price of OPEC basket of thirteen crudes stood at $26.04 a barrel on Thursday, compared with $26.94 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), …
Eni, COVID-19 Update: 2020-2021 Business Plan Revision
With respect to the information disclosed to the market on 18 March 2020, Eni has concluded in advance a revision to its planned activities as a result of the sharp decrease in commodities prices and the foreseeable constraints arising from the COVID-19 pandemic. Specifically, Eni will reduce Capex in 2020 …
Sakhalin Energy Offloaded 1,800th Standard LNG Cargo
Earlier today at the Port of Prigorodnoye, the 1,800th LNG cargo produced at the Sakhalin-2 LNG plant operated since 2009, was loaded onto the Hyundai Aquapia LNG carrier. The destination country for this cargo, purchased by KOGAS company, is South Korea. It is also worth to note that this is …
OPEC Daily Basket Price Stood at $26.94 a Barrel Wednesday, 25 March 2020
Vienna, Austria, 26 March 2020—The price of OPEC basket of thirteen crudes stood at $26.94 a barrel on Wednesday, compared with $26.53 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), …
UBS Started to Purchase Rosneft Stocks on the Open Market
In accordance with the Board of Directors of the Rosneft Oil Company decision amending the terms the share buyback Program UBS acting as an independent bank-agent started to purchase Company stocks and depositary receipts on the open market. On March 23, 2020 at the close of trading on the Moscow …
Rosneft’s Board of Directors Approves Changes to the Terms of the Share Buyback Program
Board of Directors of the Rosneft Oil Company decided to change the terms of the open market share buyback program also covering depositary receipts (the «Program»). The Program was approved by the Board of Directors of the Rosneft Oil Company in August 2018. Amid high volatility in the oil markets the …