Petrosibir: Changes in Management
Gunnar Danielsson, Petrosibir’s deputy CEO and CFO since 2011, has decided to leave the Company and seek new opportunities. Gunnar will remain with Petrosibir until 28 February 2022 to support the year end closing and to ensure smooth transition to a new CFO. In addition, Gunnar kindly agreed to remain …
OPEC Monthly Oil Market Report, December 2021
Crude Oil Price Movements: Crude oil spot prices declined in November, amid concerns regarding the emergence of the new Omicron COVID-19 variant, and easing of the energy crunch which had resulted in higher oil demand from the gas-to oil switching. The OPEC Reference Basket (ORB) value dropped by $1.74, or …
OPEC Daily Basket Price: Friday, 10 December 2021, Stood at $74.03 a Barrel
Vienna, Austria, 13 December 2021 – The price of OPEC basket of thirteen crudes stood at $74.03 a barrel on Friday, compared with $75.37 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), …
RussNeft: Statement by the President of the Company on the Implementation of Initiatives in the Field of Climate Projects, Sustainable Development and Care for Personnel
Preserving the health of employees, industrial safety and environmental protection in the areas of the Company’s operations – these are the main priorities and the most important conditions for the successful and sustainable development of RussNeft in addressing emerging environmental, social and management issues. The energy sector in which our …
Rosneft: Ecologists Discussed Strategic Goals in the Field of Environmental Protection and Carbon Management
Rosneft held the VIII Corporate Congress of Ecologists. The event was attended by top managers, heads of departments and specialists in the field of environmental protection of the Company and more than 200 subsidiaries, as well as representatives of Rosneft’s foreign partners – Equinor and BP. Welcoming the participants of the …
LUKOIL: Reports on Amended Terms of Share Acquisition in Shah Deniz Project
PJSC “LUKOIL” announces the signing of amendments to the agreement concluded in October 2021 on the acquisition of a share in the Shah Deniz project from PETRONAS. In accordance with the new arrangements, the share acquired by LUKOIL is reduced from 15.5% to 9.99% with proportional decrease in the transaction …
OPEC Daily Basket Price: Thursday, 9 December 2021, Stood at $75.37 a Barrel
Vienna, Austria, 10 December 2021 – The price of OPEC basket of thirteen crudes stood at $75.37 a barrel on Thursday, compared with $75.09 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), …
Petrosibir: Production Report for November 2021
Petrosibir’s total oil production during November 2021 amounted to 28,963 barrels, equivalent to 965 barrels per day. The table below summarises the average monthly / daily production in 2020 and per month in 2021, broken down by region. TOTAL PRODUCTION, BBL 2020 2021 Average Jan Feb Mar Apr May Jun …
The Declaration of Cooperation of OPEC and Non-OPEC Oil-Producing Countries Reaches Five Years
The Declaration of Cooperation (DoC) between OPEC Member Countries and 10 non-OPEC oil-producing countries turned five today, 10 December 2021. On this day in 2016, OPEC Member Countries and Azerbaijan, the Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea (which later joined OPEC), Kazakhstan, Malaysia, Mexico, the Sultanate of Oman, the …
RussNeft Group: Net Profit for 9M 2021 Grows 5.5-fold up to RUB 23.556 bn
The net profit of RussNeft Group for 9M 2021 amounted to RUB 23.556 bn. In the same period of the previous year, this index made RUB 4.310 bn. EBITDA of the Group for the reporting period increased 2.8-fold, reaching RUB 29.234 bn. Revenue rose from RUB 89.362 bn to RUB 159.442 …