Oil & Gas Operators

Over the first nine months of 2021, amid the growing demand and declining indigenous production of natural gas, Europe’s gas imports increased by 18 billion cubic meters (or by 7.5 per cent) against the same period of 2020. Pipeline gas has been key to meeting the increased demand. Over these nine …

The Gazprom Board of Directors took note of the information about the impact of the events of 2021 on the long-term outlook for the global energy market. This year’s most significant trends are economic recovery and growth in energy consumption. According to preliminary estimates, global gas consumption is going to rise by 150 billion cubic meters to 4.2 trillion cubic meters in 2021. …

The Gazprom Board of Directors took note of the information about the growth prospects of the shale gas and liquefied natural gas (LNG) industries across the world, as well as opportunities and threats facing the Company. It was highlighted at the meeting that only a few countries were producing shale gas in 2020, with the United States accounting for 95 per cent of shale …

The Gazprom Board of Directors expressed its approval of the Company’s ongoing work on its major investment projects. In the east of Russia, the Company continues pre-development operations at the Chayandinskoye field, which forms the basis for the Yakutia gas production center. Systematic development of gas producing wells is underway at the field, and the construction of auxiliary production …

The Gazprom Board of Directors expressed its approval of the Company’s ongoing projects for the production and supply of liquefied natural gas (LNG). It was noted that the Company’s work in this promising direction will make it possible to strengthen the position of Gazprom in foreign markets and address in a more flexible manner the tasks related to providing reliable gas supplies to domestic consumers. …

The Gazprom Board of Directors took note of the information about the development of hydrogen production in the Russian Federation and its potential uses. It was highlighted that the development of hydrogen energy in Russia is essential both for the decarbonization of the domestic industry and for exports to the global hydrogen market. This line of activity …

Vienna, Austria, 24 November 2021 – The price of OPEC basket of thirteen crudes stood at $79.40 a barrel on Tuesday, compared with $78.90 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), …

PJSC LUKOIL today published condensed interim consolidated financial statements for the three and nine months ended September 30, 2021, prepared in accordance with International Financial Reporting Standards (IFRS). Key financial indicators 3 sq. 2021 2 sq. 2021   9 months 2021 9 months 2020 (RUB bln) 2,588.7 2 201.9 Revenues from sales 6 667.1 4 109.1 355.2 339.8 …

Gazprom Neft is opening the Exploration Geophysics Center, which will provide support for areal geophysical work in all regions of the company’s operations. The project will optimize the total cost of field research by 10%, as well as begin the commercialization of exploration solutions in the industry market. The Center for …

​LUKOIL announces discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico. The field was discovered after drilling the first exploration well. According to preliminary estimates, the initial oil in place reaches 250 million barrels. The Yoti West-1 EXP well was drilled 60 km offshore …