Rosneft: Financial Results for 4Q and 12М 2019
2019 Net income jumped by 29% YoY to RUB 708 bln, including RUB 158 bln in 4Q 2019 2019 dynamics of unit upstream operating costs was lower than industrial producer price inflation 12M 2019 EBITDA increased to RUB 2,105 bln Financial debt and trading liabilities decreased by RUB 907 bln …
OPEC Daily Basket Price Stood at $56.68 a Barrel Tuesday, 18 February 2020
Vienna, Austria, 19 February 2020—The price of OPEC basket of fourteen crudes stood at $56.68 a barrel on Tuesday, compared with $57.24 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 Announces Consolidated IFRS Results for the Year Ended 31 December 2019
PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) FY 2019 FY 2018 Oil and gas sales 852,232 825,761 Other revenues 10,571 …
Russia’s Justice Ministry to Appeal Dutch Verdict in Yukos Case
Russia’s Justice Ministry said on Tuesday it would appeal a Dutch court’s decision to overturn the annulment of a $50 billion award to shareholders in the now defunct Russian oil giant Yukos in the Supreme Court of the Netherlands. In April 2016, The Hague’s District Court had overturned a decision …
Dutch Appeals Court Reinstates $50 Billion Award for Yukos Shareholders
A Dutch appeals court on Tuesday overturned a lower court’s annulment of a $50 billion award to shareholders in the now defunct Russian oil giant Yukos. In April 2016, The Hague’s District Court had overturned a decision by the Permanent Court of Arbitration ordering the Russian state to compensate shareholders …
Rosneft Joins Leading Oil and Gas Companies in the Water Resources Category of the Global CDP Rating
Rosneft Oil Company joined the leading global oil and gas companies – participants of the international rating in the Water Resources Category under the CDP Project (Carbon Disclosure Project). Taking into account water management decisions, Rosneft’s operations were assigned the “B-” rating, which corresponds to the worldwide average. A total …
Russia’s Rosneft Pledges $5 Billion for ‘Green’ Causes Over Next Five Years
Russian largest oil producer Rosneft (ROSN.MM) has pledged to invest around $5 billion in environmentally friendly projects over the next five years, the company said on Monday. The plans were revealed after BP (BP.L), owner of 19.75% of Rosneft, pledged deep cuts to its carbon emissions by 2050, setting one …
OPEC Daily Basket Price: Friday, 14 February 2020, Stood at $56.73 a Barrel
Vienna, Austria, 17 February 2020—The price of OPEC basket of fourteen crudes stood at $56.73 a barrel on Friday, compared with $55.86 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), …
Exillon Energy Plc – EXI Update on Cancellation of Listing of Shares
Exillon Energy plc (“Exillon Energy” or the “Company”) (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), further to its announcement on 31 October 2019, announces that the Company continues its work on preparation for cancellation of the …
Petrosibir Production Report for January 2020
Petrosibir’s total oil production during January 2020 amounted to 47,050 barrels, equivalent to 1,518 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. 2019 2020 Average Dec Jan Total production Bashkiria 10 469 10 643 10 622 Komi …