Natural Gas a Vital Element in Mission Net Zero: GECF
The Gas Exporting Countries Forum (GECF), as an intergovernmental coalition of 19 of the world’s leading gas producers together representing 70% of the proven natural gas reserves, 52% of gas pipeline, and 51% of LNG exports, echoes the International Energy Agency (IEA)’s recent report ‘Net Zero by 2050’. The GECF …
Eni Publishes the World’s First Sustainability-Linked Financing Framework in its Sector
Eni published the world’s first Sustainability-Linked Financing Framework (“Framework”) in its sector, which fully-integrates sustainability in the company’s funding strategy. With this document Eni further strengths its sustainability strategy, aimed at achieving complete carbon neutrality by 2050 and at contributing to the achievement of the United Nations Sustainable Development Goals …
Petrosibir: Annual Report for 2020 Published
Petrosibir’s Annual report for 2020 is available as of today 20 May 2021 on the company’s website www.petrosibir.com. A PDF of the report is attached to this press release. CLICK HERE to read the report About Petrosibir Petrosibir is a Swedish company focused on exploring and developing concessions in …
OPEC Daily Basket Price: Wednesday, 19 May 2021, Stood at $65.95 a Barrel
Vienna, Austria, 20 May 2021–The price of OPEC basket of thirteen crudes stood at $65.95 a barrel on Wednesday, compared with $68.39 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), Djeno …
OMV Petrom Divests Production Assets in Kazakhstan
OMV Petrom, the largest energy company in Southeastern Europe, signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM) and Tasbulat Oil Corporation LLP (TOC) in Kazakhstan to MAGNETIC OIL LIMITED. KOM and TOC hold the production licenses for four onshore fields, respectively Komsomolskoe, Aktas, Tasbulat …
OPEC Daily Basket Price: Tuesday, 18 May 2021, Stood at $68.39 a Barrel
Vienna, Austria, 19 May 2021 – The price of OPEC basket of thirteen crudes stood at $68.39 a barrel on Tuesday, compared with $67.52 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 Introduces its own Biotechnology for Oil Production
The Gazprom Neft Science and Technology Center has developed a new bacterial strain that produces universal xanthan gum, a valuable raw material for the oil, food and cosmetic industries. The microorganism is capable of producing from two to four times more xanthan gum than previously known bacteria, which opens up …
LUKOIL Board of Directors Tentatively Approves the Annual Report for 2020
Today at the meeting in Moscow the Board of Directors tentatively aproved the Annual Report of PJSC “LUKOIL” for 2020 for its submission to the Annual General Shareholders Meeting. The Annual Report has been prepared in line with the best international practices, recommendations of the Corporate Governance Code and the …
Gazprom Neft Exports 50 millionth ton of Arctic Oil
The total export volume of ARCO and Novy Port crude oil produced by Gazprom Neft in the Russian Arctic has reached 50 million tons since 2013. The consignment, shipped at the end of April from the Umba floating storage facility in the Kola Bay, was delivered to consumers in northwestern Europe. …
Rosneft is Recognized as the Leader of ESG Rating by Bloomberg Among the Leading Companies in the Oil and Gas Industry
Rosneft continues to strengthen its positions in international ESG ratings (ESG stands for Sustainable Development and Responsible Investment). In the international rating of Bloomberg ESG Disclosure , which evaluates information transparency in the field of ESG, Rosneft improved its position (up to 71.83 points out of 100) and became the leader among the …