NOVATEK Announces Consolidated IFRS Results for the Third Quarter and the Nine Months 2019
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q19 3Q18 9M19 9M18 187,258 217,934 Oil and gas …
OPEC Daily Basket Price: Tuesday, 29 October 2019, Stood at $61.44 a Barrel
Vienna, Austria, 30 October 2019–The price of OPEC basket of fourteen crudes stood at $61.44 a barrel on Tuesday, compared with $61.65 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), …
PetroNeft: Operational Update on Licence 67 Forward Plans
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to provide the following update on the Licence 67 operational plan. Highlights Plan to bring Cheremshanskoye field in Licence 67 into …
Industrial Gas Inflow Obtained at Field in Kashkadarya
On October 28, an industrial flow of natural gas was obtained at the Yormok field with a provisional flow rate of 250-300 thousand cubic meters per day, the Ministry of Energy said. The field is located in Kashkadarya’s Guzar district. Search well No. 3 was drilled here in March to …
Russian Oil Giant Prepares Massive $157 Billion Arctic Oil Project
Rosneft is preparing to lead an Arctic oil field development project that will cost an estimated $157 billion (10 trillion rubles). Reuters quoted Russia’s Deputy Energy Minister Pavel Sorokin as announcing the price tag of the Vostok Oil project to media last week, adding that the Kremlin had already agreed on a …
Kazakhstan’s Oil Production Is Surging Despite Pledges to Cut
Kazakhstan’s oil production is setting new daily records after maintenance works were completed at the country’s three big oil fields. Barring unforeseen issues, the Central Asian nation’s output looks set to stay well above its OPEC+ quota under an output deal that runs to the end of March. Daily production …
Hungary’s MOL in Talks for Chevron’s $2 Billion Stake in Giant Azeri oilfield
Hungarian energy firm MOL MOLB.BU is in talks to acquire Chevron’s (CVX.N) stake in a giant oilfield in Azerbaijan for more than $2 billion, according to three banking and industry sources involved in the process. Both Chevron and its larger U.S. rival Exxon Mobil (XOM.N) are seeking to sell their …
OPEC Daily Basket Price: Monday, 28 October 2019, Stood at $61.65 a Barrel
Vienna, Austria, 29 October 2019–The price of OPEC basket of fourteen crudes stood at $61.65 a barrel on Monday, compared with $62.16 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 …
BP’s 3Q 2019 Results
3Q in detail Financial results Underlying replacement cost profit for the third quarter of 2019 was $2.3 billion, compared to $3.8 billion a year earlier. The result was impacted by significantly lower Upstream earnings, resulting from lower prices, maintenance and weather impacts. A divestment-related, non-cash, non-operating after-tax charge of $2.6 …
National Oilwell Varco Reports Third Quarter 2019 Results
National Oilwell Varco, Inc. (NYSE: NOV) today reported third quarter 2019 revenues of $2.13 billion, compared to $2.13 billion for the second quarter of 2019 and $2.15 billion for the third quarter of 2018. Net loss for the third quarter of 2019 was $244 million, which included non-cash, pre-tax charges (“other items”, see Other Corporate Items for …