OPEC Daily Basket Price: Friday, 11 June 2021, Stood at $71.31 a Barrel
Vienna, Austria, 14 June 2021 – The price of OPEC basket of thirteen crudes stood at $71.31 a barrel on Friday, compared with $70.90 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), …
Rosneft Agrees Heads of Terms to Sell a Stake in the Vostok Oil Project to a Consortium of Vitol and Mercantile & Maritime
Rosneft and a consortium of Vitol S.A. and Mercantile & Maritime Energy Pte. Ltd. (hereinafter, the Consortium) signed heads of terms for a transaction providing for the sale of a 5% stake in the authorized capital of OOO Vostok Oil. The agreement confirms the Consortium’s intention to acquire a stake …
Rosneft Recognized as the Best National Exploration Company in the International Rating Wood Mackenzie
PJSC NK Rosneft won the Best National Geological Exploration Company nomination in the international rating of the Wood Mackenzie analytical company at the end of 2020. Increasing oil and gas reserves is one of the key objectives of the Rosneft-2022 Strategy. The company has committed itself to replenishing at least 100% …
Expert RA Agency has Affirmed the Credit Rating of Rosneft Oil Company at the Highest Level, the Forecast is Stable
The Russian rating agency Expert RA has confirmed the credit rating of Rosneft at the highest level – ruAAA, with a stable outlook on the rating. Expert RA assesses the competitive position of Rosneft as strong, including due to large proven hydrocarbon reserves and low production costs. The agency also emphasizes …
OPEC Daily Basket Price: Thursday, 10 June 2021, Stood at $70.90 a Barrel
Vienna, Austria, 11 June 2021 – The price of OPEC basket of thirteen crudes stood at $70.90 a barrel on Thursday, compared with $71.21 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), …
Gazprom Neft Publishes its 2020 Sustainability Report
Gazprom Neft has published its 2020 Sustainable Development Report, prepared in line with Global Reporting Initiative (GRI) standards, ISO Guidelines on Social Responsibility, best-performance guidelines from the Russian Union of Industrialists and Entrepreneurs, and recommendations from the Financial Stability Board’s Task Force on Climate Related Financial Disclosures (TCFD). The report …
Petrosibir: Production Report for May 2021
Petrosibir’s total oil production during May 2021 amounted to 29,595 barrels, equivalent to 955 barrels per day. The table below summarises the average monthly / daily production in 2020 and per month in 2021, broken down by region. 2020 2021 Average Jan Feb Mar Apr …
OPEC Monthly Oil Market Report, June 2021
Crude Oil Price Movements: Spot crude prices experienced firm gains in the month of May, rising on average about 6% month-on-month (m-o-m), settling at multi-month highs, amid stronger physical oil market fundamentals. Refiners in most regions showed increases in buying interest on the expectation of a further oil demand recovery …
New Record for Daily Drilling Meterage
A new drilling record has been set at the Yamalo-Nenets field. The well with a horizontal borehole 1197 meters long was drilled in 28.74 days. On average, drillers spent 5.88 days for every 1,000 meters of drilling, with a total footage of 4884 meters. Previously, the best indicator for wells of a similar …
The Spirit of Shell will Rise to the Challenge
CEO Ben van Beurden on a ruling by the District Court in The Hague that Shell must reduce its carbon emissions even faster than planned. Should a court single out an energy company to reduce its carbon emissions? On Wednesday 26 May, the District Court in The Hague ruled that …