Rosneft: 2018 Operating Results – Production Up 1.8%
Upstream Hydrocarbon production amounted to 285.5 mln toe (5.80 mmboed) in 2018, exceeded 2017 levels by 1.3%. Q4 2018 hydrocarbon production amounted to 73.7 mln toe (5.94 mmboed), which exceeded the Q3 2018 result by 1.8%. The Company produced 230.2 mmt of liquid hydrocarbons (4.67 mmbpd) in 2018 increasing its …
Rosneft: 2018 Final Figures – Revenue Up 37% EBITDA Up 48.6%
Financial performance Revenues and equity share in profits of associates and joint ventures 12М 2018 revenue boosted by more than 1.4 times YoY up to RUB 8,238 bln (USD 133.7 bln) mainly due to favorable world price dynamics (+41.2% in RUB terms and 31.4% in USD terms) and growth of …
BP’s Fourth Quarter and Full Year 2018 Results and Strategy Update
BP’s full year results for 2018 show business momentum building with earnings more than doubling, returns nearly doubling, and reliability at record levels More than double full-year earnings, near double returns Underlying replacement cost profit for full year 2018 was $12.7 billion, more than double that reported for 2017. The fourth …
Uzbekneftegaz, Uzbekenergo and Uzbekgidroenergo Merged into Ministry of Energy
Deputy Prime Minister Alisher Sultanov will be in charge of the newly formed Ministry of Energy, to be created through the merger of Uzbekenergo, Uzbekneftegaz, and Uzbekgidroenergo. The new body will be in charge of the organization and regulation of the activities of the oil, gas and energy sectors. In …
New to RDCR 2019, Supervision Services Roundtable Session – Research and Development Center for Gas and Oil Technologies Gold Sponsors
New Supervision Services Roundtable Session Launched at RDCR 2019 The RDCR platform is expanding in 2019. TMG Worldwide is pleased to announce an exciting new addition to the event a Supervision Services Roundtable Session RDCR aims to assist and promote knowledge sharing and best practice adoption within the Russian …
Yamal LNG: Shipped its Ten Millionth Ton
Yamal LNG announced that it has shipped its ten millionth ton of LNG since the commencement of the project. The 136th cargo offloaded onto the Arc7 ice-class tanker ‘Vladimir Vize’ reached 10 million tons of LNG produced since the start-up of Train 1 in December 2017. source
OPEC Daily Basket Price: Friday, 1 February 2019, Stood at $60.93 a Barrel
Vienna, Austria, 4 February 2019–The price of OPEC basket of fourteen crudes stood at $60.93 a barrel on Friday, compared with $61.19 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 …
Arctic LNG 2 and Siemens Sign Equipment Supply Contract
PAO NOVATEK announced that Arctic LNG 2 and Siemens signed a contract on compressor equipment for three liquefaction trains of the Project. The scope of supply under the contract includes three feed gas compressors and six boil-off gas compressors. The document also provides for localizing the equipment fabrication for the …
BP to Support Investor Group’s Call for Greater Reporting Around Paris Goals
BP said today that it will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. Investor participants of the Climate Action 100+ initiative have proposed a resolution to …
Purovsky Plant Reaches Milestone of 80 Million Tons Processed
PAO NOVATEK announced that its Purovsky Plant has cumulatively processed 80 million tons since the facilities start-up in June 2005. The Purovsky Plant processes de-ethanized (unstable) gas condensate produced at the fields of NOVATEK and its joint ventures into stable gas condensate and natural gas liquids. The Purovsky Plant is …