Oil & Gas Operators

As part of the XXIV St. Petersburg International Economic Forum, Rosneft and Schlumberger signed an agreement on technological cooperation in the implementation in Russia of joint innovative projects related to science, design and operation of oil and gas fields. The agreement provides for interaction in various technological areas, including the …

The destiny of the world rests in innovative utilisation of hydrocarbons whilst embracing the rise of renewables in the global energy mix, Secretary General of the largest consortium of gas exporting nations, the Gas Exporting Countries Forum (GECF), said at the 24th St. Petersburg International Economic Forum (SPIEF). “The world …

Vienna, Austria, 7 June 2021 – The price of OPEC basket of thirteen crudes stood at $70.21 a barrel on Friday, compared with $69.89 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), …

President of PJSC “LUKOIL” Vagit Alekperov and Chairman of the Management Board of JSC NC “KazMunayGas” Alik Aidarbayev signed a sale and purchase agreement for a 49.99% stake in the charter capital of Al-Farabi Operating LLP. The signing ceremony took place today at the St. Petersburg International Economic Forum (SPIEF). Following satisfaction of …

Gazprom Neft, together with partners, will develop the first Russian equipment for hydraulic fracturing (hydraulic fracturing) * – the main technology for increasing the production of hard-to-recover oil reserves. Vadim Yakovlev, Deputy Chairman of the Gazprom Neft Management Committee, Yuri Solomonov, General Designer of Moscow Institute of Heat Engineering Corporation, and …

As part of today’s Saint-Petersburg International Economic Forum, PAO NOVATEK, PJSC Sberbank, and Gazprombank (Joint Stock Company) signed a Memorandum of Understanding (“MOU”) on financing the construction of a gas chemical plant on the Yamal peninsula. The Parties intend to organize financing to construct a gas chemical plant in close …

A pentalateral agreement on the development of cultural cooperation in the Khanty-Mansi Autonomous District (Yugra) was signed today on the sidelines of the St. Petersburg International Economic Forum. The document was signed by Russian Minister of Culture Olga Lyubimova, Governor of Yugra Natalya Komarova, President of LUKOIL Vagit Alekperov, General Director …

Rosneft and Baker Hughes have signed a Carbon Management Cooperation Agreement at the XXIV St. Petersburg International Economic Forum. This Agreement confirms the mutual aspiration of Rosneft and Baker Hughes for the joint development, testing and implementation of advanced carbon management technology solutions. The companies will assess the potential of …

Gazprom Neft and NOVATEK set up a joint venture to develop the Severo-Vrangelovsky license area. The corresponding agreement was signed at the St. Petersburg International Economic Forum by Alexander Dyukov, Chairman of the Gazprom Neft Management Committee, and Leonid Mikhelson, Chairman of NOVATEK’s Management Committee. The decision was the result of …

Vienna, Austria, 4 June 2021 – The price of OPEC basket of thirteen crudes stood at $69.89 a barrel on Thursday, compared with $69.37 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), …