Rosneft: Production Results Per Q1 2021
Sustainable Development (ESG): In February 2021, Rosneft and bp signed a Strategic Cooperation Agreement, which aims to support the activities of both companies in the field of carbon management and sustainable development. The companies agreed to jointly develop new low-carbon approaches and programs, as well as work to identify potential opportunities …
TATNEFT Is Ranking No. 1 in Russia in Terms of the Patents Possessed
The Company has become a leader in Russia in terms of registered patents number for inventions and utility models. According to Rospatent, TATNEFT obtained 281 patents in 2020, which allowed our Company to head the top three leaders (PJSC TATNEFT (281), State Corporation Rosatom (210), PJSC Gazprom (191)). Every 126 …
Gazprom Neft Develops Projects Based on Long-term Risky Operator Agreements
The Gazprom Neft Board of Directors reviewed information on the progress of the company’s projects under long-term risk operator agreements at the fields of PJSC Gazprom and the tasks for their implementation in 2021-2022. Development of oil rims, Neocomian-Jurassic gas and gas condensate deposits, licensed by Gazprom and its subsidiaries – …
Tatneft Announces the Results of its Crude Oil and Gas Reserves Audit as of Year-End 2020
Based on the audit by an independent oil and gas consulting firm Miller & Lents, Ltd. net recoverable oil and gas reserves of Tatneft in accordance with the standards of the Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE-PRMS) …
Caspian Sunrise PLC: Share Issue
In satisfaction of an existing debt the Company has issued 3,017,956 ordinary shares in the Company at an issue price of 2.35p per share. Application will made to London Stock Exchange for these shares to be admitted to trading on AIM (“Admission”), and dealings in the new ordinary shares are expected to …
Petrosibir: Production Report for April 2021
Petrosibir’s total oil production during April 2021 amounted to 28,637 barrels, equivalent to 955 barrels per day. The table below summarises the average monthly / daily production in 2020 and for the first three months of 2021, broken down by region. 2020 2021 Average Jan Feb Mar Apr Total production …
Kondaneft Introduces a System of Unmanned Aerial Complexes for Monitoring Production Facilities
The Kondaneft company, which is part of the production complex of NK Rosneft, has put into operation a domestic unmanned aerial complex for systemic monitoring of industrial infrastructure at its fields. Aircraft are capable of operating at temperatures from -45 ° C to + 45 ° C, wind speeds up to …
The Gazprom Group’s Sustainable Development Policy was Approved
PJSC Gazprom’s Board of Directors approved the Gazprom Group’s Sustainable Development Policy. The document consolidates the Group’s mission in this area – to make a positive contribution to the social and economic development of the Russian Federation and other regions of the company’s presence, following the principles of environmental and social responsibility. …
Eni’s New Sustainability Report Describes the Company’s Transformation Towards Net Zero
Today, Eni releases Eni for 2020, its 15th voluntary sustainability report, which illustrates Eni’s concrete contribution to a just transition, building on the company’s path towards carbon neutrality by 2050. “Eni for shows our commitment to a socially fair and inclusive energy transition that ensures access to energy for all …
OPEC Monthly Oil Market Report, May 2021
Spot crude prices fell in April for the first time in six months, with North Sea Dated and WTI easing m-o-m by 1.7% and 1%, respectively. Similarly, the OPEC Reference Basket price declined $1.32, or 2.0%, in April, to settle at $63.24/b. However, year-to-date, the ORB was 41.6%, or $17.91, …