Gazprom: Expanding Production and use of Liquefied Natural Gas
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. …
Gazprom: Planning to Engage in Pilot Hydrogen Energy Projects Based in Russia
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 …
OPEC Daily Basket Price: Tuesday, 23 November 2021, Stood at $79.40 a Barrel
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), …
LUKOIL: 2021 9M and Q3 Financial Results – Revenue Up 17.6% qoq
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: Establishing an Industry-Specific Center in Exploration Geophysics
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: Makes a New Oil Discovery at Block 12 in Mexico
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 …
OPEC Daily Basket Price: Monday, 22 November 2021, Stood at $78.90 a Barrel
Vienna, Austria, 23 November 2021 – The price of OPEC basket of thirteen crudes stood at $78.90 a barrel on Monday, compared with $80.32 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), …
Governor of Ugra Natalya Komarova and Founder of INK Marina Sedykh Discussed Issues of Sustainable Development
Governor of the Khanty-Mansiysk Autonomous Okrug Natalya Komarova and General Director of INK-Capital (a holding structure of Irkutsk Oil Company LLC), founder of the company, member of the Board of Directors Marina Sedykh took part in a working meeting that took place in Khanty-Mansiysk. The parties discussed issues of sustainable …
GRDF – Climate: Hydrogen, Unavoidable in the Ecological Transition
To facilitate the injection of hydrogen into distribution networks, GRDF and 66 gas distributors from 13 European countries have launched the Ready for Hydrogen (Ready4H2) initiative . The objective of this project is to offer a common vision, backed by the experience of European distributors, of the fundamental role of gas …
LUKOIL: Successfully Tries Out Casing Drilling
As a part of its technical and economic optimization programme, LUKOIL conducted controlled directional casing drilling at its Bayandyskoye and Pyakyakhinskoye fields, and received encouraging results. The Republic of Komi became the first region where the Company performed controlled directional 245 mm casing drilling featuring extractable bottom hole assembly. At …