LUKOIL Does Not Plan to Invest in Saudi Aramco’s IPO
LUKOIL, Russia’s second largest oil producer, does not plan to invest in Saudi Aramco’s planned initial public offering, its CEO and biggest shareholder, Vagit Alekperov, told reporters on Monday. Saudi state oil giant Aramco plans to start the offering, set to rank it as the world’s most valuable company, on …
Kazakh Energy Minister Says New Tengiz Expansion Cost too High
NUR-SULTAN (Reuters) – Kazakhstan believes an increased cost estimate for the Tengiz oilfield expansion is too high and wants oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) to review it, Energy Minister Kanat Bozumbayev said on Wednesday. Chevron, which leads the consortium developing one of the Central Asian nation’s biggest oilfields, …
OPEC Daily Basket Price: Friday, 8 November 2019, Stood at $61.98 a Barrel
Vienna, Austria, 11 November 2019–The price of OPEC basket of fourteen crudes stood at $61.98 a barrel on Friday, compared with $62.32 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), …
Iran Finds New Oilfield with 53 Billion Barrels of Crude
Iran has discovered a new oilfield in the southwest of the country that has the potential to boost its reserves by about a third, President Hassan Rouhani said on Sunday. “Workers and the exploration arm of the National Iranian Oil Company …have found an oilfield with 53 billion barrels of …
Petrosibir: Production Report for October 2019
Petrosibir’s total oil production during October 2019 amounted to 37,699 barrels, equivalent to 1,216 barrels per day. The table below summarises the average monthly / daily production in 2019 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2018 2019 Average Jan Feb Mar Apr May Jun Bashkiria 12 916 …
LUKOIL Reports Preliminary Operating Data for the Third Quarter and Nine Months of 2019
For the nine months of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project amounted to 2,337 thousand boe per day, which is 1.6% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan, as well as oil production growth in Russia due …
OPEC Daily Basket Price: Thursday, 7 November 2019, Stood at $62.32 a Barrel
Vienna, Austria, 8 November 2019–The price of OPEC basket of fourteen crudes stood at $62.32 a barrel on Thursday, compared with $62.39 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, 7 November 2019, Stood at $62.32 a Barrel
Vienna, Austria, 8 November 2019–The price of OPEC basket of fourteen crudes stood at $62.32 a barrel on Thursday, compared with $62.39 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), …
Caspian Sunrise PLC: Operational Update Incorporating BNG Monthly Production Numbers
The Board of Caspian Sunrise is pleased to announce an increase in its monthly production numbers and to provide an update on the operations at its flagship asset BNG. October production numbers The Board is pleased to report another increase in monthly production, principally due to the result of the …
Rosneft: Financial Results for 3Q and 9М 2019
9M 2019 Net income jumped by 25% YoY to RUB 550 bln, including a QoQ growth to RUB 225 bln in 3Q 2019 3Q 2019 EBITDA increased by 7.6% QoQ to RUB 554 bln with a margin improvement to 24.4% 3Q 2019 FCF growth by more than 2 times QoQ …