Rosneft: Operating Results For 4Q 2021 and 12 months of 2021
ESG In December 2021, the Company’s Board of Directors approved a new strategy ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ targeting reduction of greenhouse gas emissions along with further improvement of the Company’s operational and financial efficiency of. As part of the new strategy, Rosneft sets a ‘Net Zero’ target …
Economic Effect from the Implementation of the Orenburgneft Production Efficiency Program Exceeded 3 Billion Rubles
The Orenburgneft company, which is part of the oil production complex of NK Rosneft, at the end of 2021 received an economic benefit of more than 3 billion rubles from the implementation of the program to improve production efficiency. Systematic work to improve production efficiency is a key element of …
Petrosibir: Production report January 2022
Petrosibir’s total oil production during January 2022 amounted to 28,323 barrels, equivalent to 914 barrels per day. The table below summarises the average monthly / daily production in 2022 and per month in 2021, broken down by region. 2021 2022 Average Dec Jan Total production Bashkiria 8 157 6 691 …
OPEC Monthly Oil Market Report, February 2022
Crude Oil Price Movements: Crude oil spot prices rebounded in January, compared to the previous month, as oil futures markets surged. Crude prices were supported by strong global oil market fundamentals amid dissipating fears about the impact of the COVID-19 Omicron variant and geopolitical risks, which raised concerns about near-term …
NCOC: Makes Decision to Increase Salaries of Contractors and Sub-Contractors
NCOC, the Operator of the North Caspian project (NCP), advises on its decision to initiate pay review of the national employees of NCOC contractors and sub-contractors engaged in NCOC operations. It should be noted that the wages of employees of contractors and sub-contractors are set by the management of such …
OPEC Daily Basket Price: Wednesday, 9 February 2022, Stood at $91.84 a Barrel
Vienna, Austria, 10 February 2022 – The price of OPEC basket of thirteen crudes stood at $91.84 a barrel on Wednesday, compared with $92.17 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), …
OPEC Daily Basket Price: Tuesday, 8 February 2022, Stood at $92.17 a Barrel
Vienna, Austria, 9 February 2022 – The price of OPEC basket of thirteen crudes stood at $92.17 a barrel on Tuesday, compared with $93.42 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), …
The Economic Effect from the Introduction of Innovative Solutions at Rosneft Amounted to 12 Billion Rubles
At the end of 2021, Rosneft received an economic benefit in the amount of 12 billion rubles due to the introduction of innovative solutions in its operations. The development of fundamental science and technological potential are the most important components of Rosneft’s strategy. Ensuring Russia’s technological sovereignty is one of the Company’s …
Equinor: Fourth Quarter 2021 and Year End Results
Equinor reports record high adjusted earnings of USD 15.0 billion and USD 4.40 billion after tax in the fourth quarter of 2021. IFRS net operating income was USD 13.6 billion and the IFRS net income was USD 3.37 billion. 2021 was characterised by: Adjusted earnings after tax of USD 10.0 …
LUKOIL: Completes Reserves Estimate as of the End of 2021
PJSC “LUKOIL” announced today the results of the reserves assessment and independent audit as of December 31, 2021. According to the SEC classification, the Company’s proved hydrocarbon reserves totaled 15.3 billion barrels of oil equivalent. The Company’s proved hydrocarbon reserve life is 19 years. The share of liquids in proved …