Oil & Gas Operators

The Organization of the Petroleum Exporting Countries (OPEC) today marks the 5th anniversary of the historic ‘Vienna Agreement’ reached at the 171st Meeting of the OPEC Conference held on 30 November 2016 in Vienna, Austria. The milestone meeting built on the successful ‘Algiers Accord’, reached in Algiers, Algeria, on 28 …

Russian and Chinese companies “on the sidelines” of the III Russian-Chinese Energy Business Forum are planning to conclude more than 20 agreements, including for the supply of coal and technology transfer, in the electric power sector, the Executive Secretary of the Commission under the President of the Russian Federation on …

Vladimir Putin, President of the Russian Federation, sent a message to the personnel of PJSC LUKOIL, congratulating them on the 30th anniversary of the Company. The head of the state noted that LUKOIL celebrates its anniversary while flourishing, showing confident growth and occupying solid positions in the domestic and global …

​A ceremony of national awards presentation to LUKOIL Group employees in celebration of the Company’s 30th anniversary took place in the Kremlin, Moscow, Russia. Sergei Kiriyenko, First Deputy Chief of Staff of the Presidential Executive Office, presented the Order of Alexander Nevsky to Vagit Alekperov, President of LUKOIL. Forty other …

Vienna, Austria, 29 November 2021 – The price of OPEC basket of thirteen crudes stood at $76.09 a barrel on Friday, compared with $81.31 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), …

Rosneft is completing comprehensive engineering surveys and starting construction of facilities for the oil transportation system of the Vostok Oil project. The oil pipeline will connect the fields of the Vankor and Paiyakh clusters with the oil loading terminal of the port “Sever Sever” under construction. The total length of the oil …

The Gazprom Management Committee took note of the information about the Company’s preliminary operating results for 2021, the projected investment program and budget (financial plan) for 2023–2024, and the outcomes of the cost optimization (reduction) measures taken by the Gazprom Group in 2021. The Management Committee also endorsed the drafts of the investment program and budget …

Vienna, Austria, 25 November 2021 – The price of OPEC basket of thirteen crudes stood at $81.75 a barrel on Wednesday, compared with $79.40 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 cumulative natural gas production reached 100 bcm at the projects implemented by LUKOIL in Uzbekistan since 2004. This mark became a notable achievement on the eve of LUKOIL’s 30th anniversary. The bulk of this gas (over 70%) was extracted at the Kandym-Khauzak-Shady fields in the Bukhara region. In 2008, …

A recently published report by market research and competitive intelligence provider, reveals that the global well intervention market is projected to grow at a CAGR of 7% during the forecast period (2021-2031), reaching US$ 14 Bn by 2031. Heavy investments in the discovery of new oilfields reserves on the account …