Steel Inventory Falls as Demand Recovers, OCTG Prices Expected to Remain Elevated – Rystad Energy Steel and OCTG Market Note
Positive signals for Chinese steel demand, but prices slipping. OCTG demand expected to revive in June. Here is Rystad Energy’s weekly steel and OCTG note from two of our analysts, Alistair Ramsay and Marina Bozkurt: Steel Steel inventory levels in China have fallen in May, a positive signal for demand …
Gazprom Gas Production and Supplies: Results for 4.5 Months 2022
According to preliminary data, Gazprom produced 193.8 billion cubic meters of gas from January 1 through May 15, 2022. This is a decrease of 3.7 per cent (or 7.5 billion cubic meters) versus the same period of 2021. The Company’s domestic supplies from the gas transmission system went down by 3.1 per cent (or 3.9 billion cubic meters). However, they grew by 6.1 per cent in the first half …
Shell Signs Agreement to Sell Retail and Lubricants Businesses in Russia
Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LLC, which owns Shell’s retail and lubricants businesses in Russia, to PJSC LUKOIL. The deal includes 411 retail stations, mainly located in the Central and Northwestern regions …
Shell Leads All Oil and Gas Brands as COVID, Ukraine and ESG Issues Disrupt Global Brand Values
Shell is world’s most valuable brand in oil and gas, valued at US$49.9 billion Aramco retains second place globally with 16% brand value growth ADNOC grows strongly, benefits from top brand guardian CEO in industry China’s PetroChina and Sinopec struggle, behind continuing COVID curtain Petronas is world’s strongest oil and …
Lifting the Curtain on Russia’s Oil and Gas Sectors That Will Bring in an Estimated $260 Billion in 2022
Despite the severe oil production cuts expected in Russia this year, tax revenue will increase significantly to more than $180 billion due to the spike in oil prices, Rystad Energy research shows. This is 45% and 181% higher than in 2021 and 2020, respectively. Russia’s progressive tax system means that …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2022
PAO NOVATEK reported today preliminary operating data for the first quarter 2022. In the first quarter 2022, NOVATEK’s hydrocarbon production totaled 160.0 million barrels of oil equivalent (boe), including 20.64 billion cubic meters (bcm) of natural gas and 3.0 million tons of liquids (gas condensate and crude oil), resulting in …
Tenaris and Microsoft: Sign 5 Year Digital Transformation Agreement
Tenaris and Microsoft have inked a five-year alliance to identify possible actions that will accelerate the company’s digital transformation, create greater efficiencies and synergies across its value chain, and advance its sustainability goals. Under the Digital Transformation Alliance, Tenaris aims to fast-track its migration to the cloud environment leveraging a …
Rystad Energy: G7 Reject Ruble Denominated Gas Payments
Germany starts to roll out its gas emergency planning and despite the challenges storage volumes up marginally in Europe. Here is Rystad Energy’s daily gas and LNG market note from senior analyst Vinicius Romano: The brief relief provided by the expectation that Russia will scale back military operations in Kyiv …
Gennady Timchenko Resigns from NOVATEK’s Board of Directors
PAO NOVATEK announced that Gennady Timchenko has decided to resign from the Company’s Board of Directors effective 21 March 2022. Source
Zhoda Investments: Operational update on the oil operations / March 17, 2022
“During the past three weeks, our top priority has been the health and safety of our colleagues in Kyiv and at the oil field. We will continue to follow the recommendations of the Ukrainian government to contribute to the stability of the country as well as our own operations”, says …