Urals Energy: Tanker Shipment Sails, Working Capital Position Remains Highly Constrained
Further to the Company’s recent announcements, the board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Tanker update The tanker shipment for export from the Company’s Arcticneft operations on Kolguyev Island has been completed. The tanker has left Kolguyev …
Gazprom and Sinopec to be Top Spenders Across Oil and Gas Value Chain with Capex Totalling up to US$259.1bn by 2025, says GlobalData
Gazprom and China Petrochemical Corp (Sinopec) are the top spenders among global oil and gas companies, in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. The …
NOVATEK Obtains South-Leskinskiy License Area
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the South-Leskinskiy subsoil license area on the Gydan peninsula in the Krasnoyarsk Territory. The license area has estimated hydrocarbon resources of 3.5 billion barrels …
PetroNeft: Drilling Update – Results of C-4 Well Upgraded
PetroNeft (AIM: PTR) an oil and 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 announce that cased-hole testing of the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in Licence 67 has confirmed the …
OPEC Daily Basket Price: Tuesday, 6 November 2018, Stood at $70.88 a Barrel
Vienna, Austria, 7 November 2018–The price of OPEC basket of fifteen crudes stood at $70.88 a barrel on Tuesday, compared with $71.45 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), Oriente …
Rosneft: Financial Results for 3Q 2018 and 9M 2018
Consolidated IFRS financial results for 3Q 2018 and 9M 2018: 3Q 2018 2Q 2018 Change, % 9M 2018 9M 2017 Change, % Financial results RUB bln (except %) Revenues and equity share in profits of associates and joint ventures 2,286 2,065 10.7% 6,073 4,305 41.1% EBITDA 643 565 13.8% 1,593 …
RN-Uvatneftegaz Produced 1 Million Tons of Oil at the South Gavrikovskoye Field
LLC RN-Uvatneftegaz, a subsidiary of NK Rosneft, produced the first million tons of oil in the South Gavrikovskoye field. Currently, 20 oil wells provide average daily production of 1 thousand tons of oil. Yuzhno-Gavrikovskoye is located in the Ust-Tegussky license area and is part of the Eastern Development Center (ECU) of …
LUKOIL and Eni Signed Agreement on Projects in Mexico
JSC “LUKOIL” and Eni signed Farm-Out Agreement on Blocks 10, 12 and 14 in the Mexico’s shallow waters. The Agreement enables to expand LUKOIL’s exploration portfolio in the region, diversify risks and build up exploration competencies. According to the Agreement, LUKOIL assigns 40% in Block 12 to Eni, retains the …
Russia’s Rosneft says Qatari Fund to Pay 3.7 Billion Euros for Rosneft Stake
MOSCOW (Reuters) – Russian oil giant Rosneft (ROSN.MM) said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a 14.16 percent stake in the company. The QIA would become the third-largest Rosneft shareholder as a result of the deal after …
Rosneft Publishes Operating Results for Q3 and 9M 2018
Upstream Hydrocarbon production amounted to 72.4 mmtoe (5.83 mmboed) in Q3 2018 and 211.8 mmtoe (5.75 mmboed) in 9M 2018, exceeding the level of Q2 2018 and 9M 2017 by 3.3% and 0.5% respectively. EFFICIENT PRODUCTION RECOVERY RESULTING FROM OPEC+ LIMITATIONS EASING Q3 2018 AVERAGE DAILY HYDROCARBON PRODUCTION REACHED 5.83 MMBOE, DEMONSTRATING …