Oil & Gas Operators

On July 15, Gazprom formally approached Siemens with a request to provide documents that, taking into account the current sanction regimes imposed by Canada and the European Union, would be necessary for transferring back to Russia the gas turbine engine for the Portovaya CS, which is a facility of critical importance to the Nord Stream gas pipeline. The Company also formally requested …

Force majeure declared in letter to customers concerns supplies via Nord Stream 1 pipeline, says source. Russia’s Gazprom has told customers in Europe it cannot guarantee gas supplies because of “extraordinary” circumstances, according to a letter seen by Reuters, upping the ante in an economic tit-for-tat with the west over …

Vienna, Austria, 19 July 2022–The price of OPEC basket of thirteen crudes stood at $108.76 a barrel on Monday, compared with $104.39 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 and thyssenkrupp Steel today announced they have signed a memorandum of understanding (MoU) focused on the development of long-term supply of low carbon hydrogen and renewable power in steel production, helping accelerate the steel industry’s wider energy transition. thyssenkrupp Steel accounts for 2.5 percent of CO2 emissions in Germany, …

Vienna, Austria, 1 June 2022–The price of OPEC basket of thirteen crudes stood at $122.94 a barrel on Tuesday, compared with $120.01 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 …

Vienna, Austria, 31 May 2022–The price of OPEC basket of thirteen crudes stood at $120.01 a barrel on Monday, compared with $118.84 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), …

A meeting of the Board of Directors of PJSC TATNEFT named after V.D. Shashin chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on May 27, 2022. The Board of Directors approved the Policy of PJSC TATNEFT named after V.D. Shashin in the area of …

Introduction The Board of Caspian Sunrise PLC (“Caspian Sunrise” or the “Company”) is pleased to report the successful workover of Well 142 on the MJF structure, which has added a further approximately 1,400 bopd (at 8mm choke) to the BNG production capacity, which including the existing South Yelemes wells, is …

The final agreement on acquisition of Shell’s Russian retail and lubricants assets was signed in Moscow. The assets include the chain of filling stations primarily located in the Central and Northwestern federal districts of Russia, and lubricants blending plant located in Tver region. The sale was approved by Russia’s Federal …

The OCTG sector in the US continues to struggle with extremely restricted supply in the face of strong demand as China’s steel production and prices begin to return to normal. Here is Rystad Energy’s weekly steel and OCTG note from two of our analysts, Alistair Ramsay and Matthew Loffman: Energy …