Oil & Gas Operators

Alexander Trembitsky, Chairman of the Federal Environmental, Industrial and Nuclear Supervision Service of Russia (Rostechnadzor), and Vagit Alekperov, President of LUKOIL, met today at Rostechnadzor’s headquarters and signed a framework Cooperation Agreement. The document defines main cooperation domains, such as development of data exchange via modern information systems, organizing of …

“Urgent action is needed on climate change which is why we have accelerated our efforts to become a net-zero emissions energy company by 2050, in step with society, with short-term targets to track our progress.”   ​ “We are investing billions of dollars in low-carbon energy, including electric vehicle charging, hydrogen, renewables and biofuels. …

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 …

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), …

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 …

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 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 …

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 …

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 …

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 …