Oil & Gas Operators

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 …

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 …