Rosneft’s Typical Design System Won the Project Olympus Competition
The Company Typical Design System (STPK) project, presented by Tyumen Oil Research Center LLC for the Project Olympus 2020 competition, entered the top five winners, becoming a finalist in the Best Project of the Year nomination in the Megaprojects category. Rosneft is the absolute leader in the development of standard …
OPEC Daily Basket Price: Monday, 17 May 2021, Stood at $67.52 a Barrel
Vienna, Austria, 18 May 2021 – The price of OPEC basket of thirteen crudes stood at $67.52 a barrel on Monday, compared with $66.16 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), …
Gazprom Neft Delivers Net Profit of More Than ₽84 billion in Q1 2021
Gazprom Neft today announces its consolidated IFRS financial results for the three months ended 31 March 2021. In Q1 2021, Gazprom Neft’s revenue increased 18.7% year-on-year to ₽611 billion. The recovery in the oil price and prices of petroleum products supported a 95.3% increase year-on-year in adjusted EBITDA1 (earnings before interest, taxes, depreciation and amortization), which reached …
OPEC Daily Basket Price: Friday, 14 May 2021, Stood at $66.16 a Barrel
Vienna, Austria, 17 May 2021 – The price of OPEC basket of thirteen crudes stood at $66.16 a barrel on Friday, compared with $66.78 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 Celebrates the International Climate Day
The Company actively supports international and national decarbonization goals. The International Climate Day is celebrated on 15 May. The climate preservation is one of the global problems of the human race. Being a Company of high environmental responsibility, TATNEFT, was one of the first companies in the domestic oil industry …
Lenar Nazipov, TAGRAS: Companies Ready for Changes will Survive in the Market of the Future
General Director of the oilfield services holding – on the state of the industry, principles of anti-crisis management and development plans. – Lenar Limovich, 2020 turned out to be extremely difficult for many industries. In Russia, the volume of oil and gas condensate production decreased by 8.6%. How badly did …
LUKOIL Reports Preliminary Operating Data for the First Quarter of 2021
In the first quarter of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,152 thousand boe per day, which is 4.2% higher quarter-on-quarter. The growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, as well as to …
Kondaneft Introduces Artificial Intelligence to Optimize Production Processes
Specialists of NK Kondaneft JSC (a production asset of Rosneft) have started to create a neural network for processing information from equipment installed on the wells. The digital system, based on the data obtained, selects the optimal well operation mode for the most stable oil production. Also, with the help of digital …
Rosneft: May 15 International Climate Day
On May 15, the international community celebrates Climate Day. The initiative aims to raise awareness of climate change issues affecting the well-being of not only current but also future generations. ” Rosneft” shares and actively supports international and national objectives in the fight against climate change. Adhering to the UN sustainable development goals in the …
Rosneft: Financial Results for Q1 2021
Consolidated financial results under IFRS for the I quarter. 2021: I quarter. 2021 IV quarter. 20 20 % of I quarter. 2021 I quarter. 2020 % of RUB bln (with the exception of %) Sales and income from associates and joint ventures 1737 1521 14.2% 1737 1758 1 (1.2)% EBITDA 445 364 22.3% 445 309 44.0% EBITDA margin 25.0% 23.2% 1.8 pp 25.0% 17.3% 7.7 …