Oil & Gas Operators

The price of OPEC basket of thirteen crudes stood at $100.78 a barrel on Monday, compared with $100.01 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 (Congo), Zafiro (Equatorial Guinea), …

Acquisition expands Baker Hughes’ turbomachinery portfolio with proven electric-power technology for industrial and energy customers Integration of BRUSH will enhance Baker Hughes’ electrification offering and supports strategic commitment to provide cleaner energy solutions Baker Hughes (Nasdaq: BKR) announced it has agreed to acquire the Power Generation division of BRUSH Group …

Nabors Industries Ltd. today reported second quarter 2022 operating revenues of $631 million, an increase of approximately 11%, compared to operating revenues of $569 million in the first quarter of 2022. The net loss from continuing operations attributable to Nabors shareholders for the quarter was $83 million, or $9.41 per …

The 31st OPEC and non-OPEC Ministerial Meeting was held via videoconference on 3 August 2022. The Meeting noted the dynamic and rapidly evolving oil market fundamentals, necessitating continuous assessment of market conditions. The Meeting noted that the severely limited availability of excess capacity necessitates utilizing it with great caution in …

At the 31st OPEC and non-OPEC Ministerial Meeting, held via videoconference on 3 August 2022, a special tribute was paid to the late OPEC Secretary General, HE Mohammad Sanusi Barkindo, by all Heads of Delegation of participating countries in the Declaration of Cooperation (DoC) (video link attached). Heads of Delegation …

The price of OPEC basket of thirteen crudes stood at $110.90 a barrel on Friday, compared with $110.84 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), Zafiro (Equatorial Guinea), …

Eni’s Board of Directors, chaired by Lucia Calvosa, yesterday approved the unaudited consolidated results for the second quarter and first half 2022. Eni CEO Claudio Descalzi said: “Amid uncertainty and volatility in markets we moved fast to secure new energy supplies. After new gas agreements with our partners in Algeria, …

PAO NOVATEK announced today that the Company’s subsidiary NOVATEK-Yurkharovneftegas has launched a project for methane leak monitoring with the use of unmanned aerial vehicles (“UAVs”). The initiative forms part of the Comprehensive Environmental and Climate Change Targets Program as well as development of a multi-level leak detection system. Using UAVs …

Baker Hughes has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its local management team. The agreement follows on the Company’s previously announced suspension of new investments for its Russia operations and commitment to comply with appliable laws and sanctions. The new business will …

Vienna, Austria, 27 July 2022–The price of OPEC basket of thirteen crudes stood at $109.35 a barrel on Tuesday, compared with $106.27 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 …