Shell Ordered to Deepen Carbon Cuts in Landmark Dutch Climate Case
A Dutch court ordered Royal Dutch Shell to drastically deepen planned greenhouse gas emission cuts on Wednesday, in a landmark ruling that could trigger legal action against energy companies around the world. Shell said it was “disappointed” and plans to appeal the ruling, which comes amid rising pressure on energy …
OPEC Daily Basket Price: Wednesday, 26 May 2021, Stood at $67.47 a Barrel
Vienna, Austria, 27 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.47 a barrel on Wednesday, compared with $67.41 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), …
Sakhalin Energy on Its Strategy to Reduce Its Carbon Footprint
The Sakhalin Oblast Government held a round table entitled “Low Carbon Development of Russia: Priorities and Opportunities of the Sakhalin Oblast”. The event brought together representatives of the region’s executive authorities, academia, community and business. In his opening speech, the Minister of Environment of the Sakhalin Oblast, Aleksander Matnenko, stated …
Sakhalin Energy Uses the First Russia Manufactured Downhole Drilling Motor in Project History
For the first time in the history of Sakhalin-2 field development Sakhalin Energy used a downhole drilling motor (DDM) manufactured in Russia. More than a thousand metres has been drilled using this motor in the PA-B well. The successful application of this equipment has become yet another step towards increasing …
LUKOIL Signs a Long-Term Agreement with the Largest Kazakhstan Operator of Marine Fields
LUKOIL Lubricants Central Asia LLP, a manufacturer of LUKOIL lubricants, signed a contract for the supply of lubricants to the North Caspian Operating Company NV (NCOC), an operator of the largest offshore oil and gas fields in Kazakhstan. LUKOIL won the company’s tender, becoming a supplier of lubricants for equipment …
NOVATEK: Signed Cooperation Agreement with Rostechnadzor
PAO NOVATEK and the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor) signed a Cooperation Agreement on industrial safety. The Parties intend to exchange information in the field of industrial safety by using of state-of-the-art information systems, as well as cooperating on scientific and training programs and improving …
LUKOIL Announces IFRS Financial Results for the First Quarter Of 2021
PJSC “LUKOIL” released its condensed interim consolidated financial statements for the three-month period ended March 31, 2021 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2021 4Q 2020 1Q 2021 1Q 2020 (RUB bln) 1,876.5 1,530.3 Sales 1,876.5 1,666.0 314.4 189.6 EBITDA 314.4 150.8 157.4 29.4 Profit (loss) for …
Rosneft has Launched a Project for the Construction of an Oil Loading Terminal in the Port of Bukhta Sever
In the north of the Krasnoyarsk Territory, PJSC NK Rosneft is launching a project to build an oil loading terminal at the port of Bukhta Sever. The work is being carried out within the framework of the locomotive project of the Vostok Oil Company. A leading team of specialists from the United …
LUKOIL Recieves Award for Excellence in Non-Financial Reporting
LUKOIL is among the winners of the annual Russian Business Leaders: Dynamics, Responsibility, Sustainability contest, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP). The jury noted the Company’s achievements by awarding it a win in the Excellence in Sustainable Development Reporting category. LUKOIL has been among the pioneers of non-financial reporting in …
Domanik Oil: Mysterious Stranger from the Carboniferous Period
Domanik oil is one of the most mysterious and amazing. To begin with, it is often green. Due to its complex geological structure, it is very difficult to find, easy to lose and impossible to forget, because these reserves are estimated at 200 billion tons. This would be enough for …