OPEC Daily Basket Price: Wednesday, 16 February 2022, Stood at $95.32 a Barrel
Vienna, Austria, 17 February 2022 – The price of OPEC basket of thirteen crudes stood at $95.32 a barrel on Wednesday, compared with $94.73 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), …
Gazprom Neft: Replenished Production with New Reserves by 283%
In 2021, Gazprom Neft’s total proven and probable reserves, including its share in joint ventures, reached 4.1 billion toe. At the end of 2021, the proven reserves (proved, 1P) of Gazprom Neft hydrocarbons according to international PRMS standards increased to 2.27 billion tons of oil equivalent, which is 6.8% higher …
Effect of Technologies Created by Gazprom Neft in 2021 will Exceed 11 Billion Rubles
In 2021, the Gazprom Neft upstream unit developed 8 new technological products to improve the efficiency of hydrocarbon production processes. Their implementation in the future will provide the company with additional profit in the amount of more than 11 billion rubles. Key developments in 2021 are related to new engineering approaches …
NOVATEK: Announces Consolidated IFRS Results for the Year Ended 31 December 2021
PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) FY 2021 FY 2020 Oil and gas sales 1,135,206 699,750 Other revenues 21,518 …
OPEC Daily Basket Price: Monday, 14 February 2022, Stood at $95.16 a Barrel
Vienna, Austria, 15 February 2022 – The price of OPEC basket of thirteen crudes stood at $95.16 a barrel on Monday, compared with $92.85 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), …
Fitch Ratings Affirmed Tatneft’s Credit Rating at “BBB-“ with a Stable Outlook
Fitch Ratings has affirmed the international Long-Term Issuer Default Rating of Tatneft at “BBB-“ with a Stable Outlook. Upon the credit rating affirmation, the agency’s analysts mentioned, amongst others, low debt levels of Tatneft, significant production volumes and a high reserve life, supporting high credit quality of the Company. Fitch …
Gazprom Neft and Japan’s Mitsui Agreed to Develop Low-Carbon Projects
Gazprom Neft and the Japanese trading and investment company Mitsui signed an agreement of intent to implement decarbonization projects in Russia and the regions where the companies operate. The partners plan to develop innovative solutions for the implementation of CCS (carbon capture and storage) projects. In addition, Gazprom Neft and …
Zoltav Resources: De-listing and Cancellation of Trading on AIM
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, confirms that the cancellation of listing and trading on AIM will take effect at 7.00 a.m. GMT today, 15 February 2022. source
Shell: Ed Daniels Appointed Strategy, Sustainability and Corporate Relations Director
Shell plc (Shell) today announces the appointment of Ed Daniels to the newly created role of Strategy, Sustainability and Corporate Relations Director. The appointment is effective February 15. In his new role, Ed will become a member of Shell’s Executive Committee and will have accountability for the company’s existing Strategy, …
Rosneft: Financial Results for 4Q and 12M 2021
Commenting on 12M 2021 financial results Rosneft’s Chairman of the Management Board and Chief Executive Officer Igor Sechin said: “At the end of 2021, the Company’s Board of Directors approved the strategy “Rosneft-2030”: Reliable Energy and Global Energy Transition”, which takes into account the current trends related to the climate …