Rosneft and CNPC Agreed to Cooperate in the Field of Low Carbon Development
Within the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) signed the Memo on Cooperation in the field of low carbon development. Signatures under the document were affixed by Igor Sechin, …
ConocoPhillips Reports Fourth-Quarter and Full-Year 2021 Results; Increases Planned 2022 Return of Capital to $8 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution
ConocoPhillips (NYSE: COP) today reported fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share, compared with a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share. Excluding special items, fourth-quarter 2021 adjusted earnings were $3.0 billion, or $2.27 per share, compared with a fourth-quarter 2020 adjusted loss of …
NOVATEK: Obtains International Certification for CO2 Underground Storage Sites in Yamal and Gydan
PAO NOVATEK announced today that the first of three stages of international certification for long-term CO2 underground storage sites in the Yamal and Gydan Peninsulas has been successfully completed and that site feasibility certificates have been issued for further study of the sites and subsequent certification stages. Det Norske Veritas …
Potential of Gas Remains Promising Amidst Policy Changes: GECF Webinar Speakers
As the world takes decisive steps on climate change, the ensuing policy changes and their effect on the world’s fastest growing fossil fuel, natural gas, were examined at an event held by the Gas Exporting Countries Forum (GECF) on Tuesday, 1 February 2022. Entitled ‘Natural gas in the aftermath of …
OPEC Daily Basket Price: Wednesday, 2 February 2022, Stood at $90.18 a Barrel
Vienna, Austria, 3 February 2022 – The price of OPEC basket of thirteen crudes stood at $90.18 a barrel on Wednesday, compared with $90.46 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), …
25th OPEC and Non-OPEC Ministerial Meeting Concludes
Following the conclusion of the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference on Wednesday, 2 February 2022, and in view of current oil market fundamentals and the consensus on the outlook, the OPEC and participating non-OPEC oil-producing countries in the Declaration of Cooperation (DoC) decided to: Reaffirm …
OPEC Daily Basket Price: Tuesday, 1 February 2022, Stood at $90.46 a Barrel
Vienna, Austria, 2 February 2022 – The price of OPEC basket of thirteen crudes stood at $90.46 a barrel on Tuesday, compared with $90.89 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), …
President of Kazakhstan Receives Head of LUKOIL
Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, received Vagit Alekperov, head of LUKOIL Company, today in the city of Nur-Sultan. The parties discussed ongoing projects in Kazakhstan involving LUKOIL, as well as a number of promising projects that could boost cooperation between Russia and Kazakhstan in fuel and energy …
President of LUKOIL Meets with Head of Kazmunaygas
Vagit Alekperov, President of PJSC LUKOIL, had a meeting today with Alik Aidarbayev, Chairman of the Management Board of JSC NC KazMunayGas, in Nur-Sultan. The meeting took place during Vagit Alekperov’s working visit to the Republic of Kazakhstan. The parties discussed current cooperation issues and business opportunities. Among other things, …
Bashneft: Increased the Number of Wells Drilled by 22%
ANK Bashneft (part of Rosneft Oil Company) drilled 254 new production wells in 2021, which is 22% more than in the previous year. The successful implementation of a set of geological and technical measures, along with other factors, made it possible to significantly exceed the oil production plan in 2021. An …