Oil & Gas Operators

Vienna, Austria, 8 February 2022 – The price of OPEC basket of thirteen crudes stood at $93.42 a barrel on Monday, compared with $92.84 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), …

bp today reports its full year results for 2021 and will also give an update on its strategic transformation, including accelerating its net zero ambition. The strong progress bp has made over the past few years has reinforced its confidence in the delivery of its earnings and returns targets for …

​​In 2021 LUKOIL Group’s hydrocarbon production excluding the West Qurna-2 project was 2,161 thousand boe per day, which is 4.7% higher year-on-year, while in the fourth quarter of 2021 hydrocarbon production increased by 7.6% quarter-on-quarter. The production growth was attributable to the dynamics of the external limitations on oil production …

Vienna, Austria, 7 February 2022 – The price of OPEC basket of thirteen crudes stood at $92.84 a barrel on Friday, compared with $89.98 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), …

Udmurtneft, a joint venture between Rosneft and the Chinese Petrochemical Corporation Sinopec, has produced the 320-millionth tonne of oil since the field began operating in 1969. Udmurtneft became not only the largest oil producing company in the territory of Udmurtia, but also the first example of successful international cooperation between …

During the visit of the delegation headed by the President of the Russian Federation Vladimir Putin to Beijing (PRC), negotiations were held between PJSC Rosneft Oil Company and China National Petroleum Corporation (CNPC) and the Agreement was signed on the supply of 100 million tons of oil to China through Kazakhstan for …

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 (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 …

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 …

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 …