Orenburgneft Invests 1.5 Billion Roubles in Green Programmes in 2021
Orenburgneft (Rosneft’s producing asset) invested 1.5 billion roubles in environmental protection and restoration activities in 2021. Main environmental activities include key projects related to improving pipeline reliability, rational use of associated petroleum gas, efficient management of water and energy resources, land reclamation and biodiversity conservation, as well as continuous monitoring …
Rosneft’s Board of Directors Approved Resumption of Share Acquisition Program
The Board of Directors of Rosneft resolved to resume the Program for open-market acquisition of Company’s shares and global depositary receipts certifying the rights to such shares (hereinafter, the Program), and to extend the Program deadlines until December 31, 2023. At the same time, the scope and other parameters of …
Caspian Sunrise: Aiming to Benefit from Higher Production and Oil Price
The Board of Caspian Sunrise is pleased to update the market with news of the $6.2 million debt conversion, to provide an operational update including the impact of sanctions imposed against Russia. Debt Conversion At the General Meeting earlier today Independent Shareholders approved the resolution required to implement the proposed Debt Conversion in full. 30,442,701 …
OPEC daily basket price stood at $127.93 a barrel Tuesday, 8 March 2022, compared with $126.51 the previous day
The price of OPEC basket of thirteen crudes stood at $127.93 a barrel on Tuesday, compared with $126.51 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), Rabi …
Shell: To Exit the Entire Russian Hydrocarbon Sector in a Phased Manner
Shell plc (Shell) today announced its intent to withdraw from its involvement in all Russian hydrocarbons, including crude oil, petroleum products, gas and liquefied natural gas (LNG) in a phased manner, aligned with new government guidance. As an immediate first step, the company will stop all spot purchases of Russian …
Wintershall Dea: CEO Mario Mehren – The Foundation of Our Work in Russia has been Shaken to the Core
Mario Mehren, Chief Executive Officer of Wintershall Dea, has commented today with an update on the Russian war of aggression against Ukraine: “The world we live in today is very different to the world of just days ago. The Russian President is waging a war of aggression against Ukraine. There …
Wintershall Dea: Demands an End to the War in Ukraine
Representatives of employees, managers and board stand with victims. They want to send a joint signal for peace and freedom: Representatives of employees, executives and the Board of Wintershall Dea call for solidarity with Ukraine and an immediate halt to the ongoing hostilities. We are experiencing a political turning point. …
Wintershall Dea: Writes Off 1bn Euro Nord Stream 2 Investment
Wintershall Dea AG’s Management Board has decided not to advance or implement any additional gas and oil production projects in Russia and to write off its financing of Nord Stream 2 totalling around 1 billion euros. • No further projects in Russia will be advanced or implemented • Payment transactions …
Equinor: Geir Tungesvik Appointed Executive Vice President for the Projects, Drilling and Procurement
Geir Tungesvik has been appointed Executive Vice President for the Projects, Drilling and Procurement business area with effect from 1 May, after Arne Sigve Nylund has decided that he would like to retire. Aksel Stenerud has been appointed Executive Vice President for the People and Organisation function with effect from …
Shell: Appoints Sinead Gorman as CFO
Shell plc (“Shell”) today announced the appointment of Sinead Gorman as chief financial officer (CFO), effective April 1, 2022. She will become a member of both Shell’s Executive Committee and Board of Directors. After a distinguished career of 17 years with Shell, the last five years as CFO, Jessica Uhl …