Petrosibir: Production Report for July 2021
Petrosibir’s total oil production during July 2021 amounted to 31,405 barrels, equivalent to 1,013 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 …
NOVATEK Established Representative Office in Vietnam
AO NOVATEK announced today it has established a representative office in Hanoi, the Socialist Republic of Vietnam (the “Representative Office”). The Representative Office will facilitate NOVATEK’s expansion into the global gas markets and provide continuous support for the Company’s prospective energy projects in Vietnam. The main tasks of the Representative …
Effect of the Implementation of Rationalization Project at Vostok Oil Exceeded 50 Billion Rubles
The economic effect from the introduction of mobile oil treatment systems at the Vostok Oil fields amounted to more than 50 billion rubles. Two mobile complexes with a total capacity of 8 thousand cubic meters. m per day in July 2021 were put into operation at well pads No. 2 and No. …
Rosneft: Supports the Traditions and Ways of the Indigenous Minorities
More than a thousand projects have been implemented by Rosneft in support of the indigenous peoples of the north. The Company summed up the results of work in this area on the eve of the International Day of the World’s Indigenous Minorities, which is celebrated on August 9. The holiday was …
OPEC Daily Basket Price: Monday, 9 August 2021, Stood at $70.66 a Barrel
Vienna, Austria, 10 August 2021 – The price of OPEC basket of thirteen crudes stood at $70.66 a barrel on Monday, compared with $71.30 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), …
LUKOIL Reports Preliminary Operating Data for the Second Quarter and Six Months of 2021
For the six months of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,109 thousand boe per day, which is 2.1% lower year-on-year, while in the second quarter of 2021 hydrocarbon production increased by 4.2% year-on-year. The production dynamics was attributable to the dynamics of the …
OPEC Daily Basket Price: Friday, 6 August 2021, Stood at $71.30 a Barrel
Vienna, Austria, 9 August 2021-The price of OPEC basket of thirteen crudes stood at $71.30 a barrel on Friday, compared with $70.34 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), Girassol (Angola), …
OPEC Daily Basket Price: Thursday, 5 August 2021, Stood at $70.34 a Barrel
Vienna, Austria, 6 August 2021 – The price of OPEC basket of thirteen crudes stood at $70.34 a barrel on Thursday, compared with $71.83 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), …
TATNEFT: Developing a Compacted Well Grid Project
The company received approval from Glavgosexpertiza for the construction of 9 new wells at the Yamashinskoye field. According to the project approved by the state body at this oil field of TATNEFT, in 2022, it is planned to equip 9 production wells at two well pads. In total, within the framework …
MOL Group Q2 Results: Strongest Quarter Ever, Full-Year Guidance Upgraded
MOL Group announced its financial results for H1 and Q2 2021. In the first six months MOL Group delivered USD 1,559mn EBITDA while in Q2 Clean CCS EBITDA jumped by 153% year-on-year to an all-time high USD 893mn, driven by stronger oil macro, record high petrochemical margins and the easing …