OPEC Daily Basket Price: Wednesday, 28 April 2021, Stood at $64.53 a Barrel
Vienna, Austria, 29 April 2021 – The price of OPEC basket of thirteen crudes stood at $64.53 a barrel on Wednesday, compared with $63.91 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), …
Digital Twin Will Increase the Efficiency of the Vostochno-Messoyakhskoye Field Development
Specialists from Messoyakhaneftegaz, a joint venture between Gazprom Neft and NK Rosneft, have created a digital twin of the Vostochno-Messoyakhskoye field. A unified digital model of the Arctic oil field – the northernmost on the Russian land – united the modules that are responsible for specific production stages: development, production, treatment …
Nabors Announces First Quarter 2021 Results
Nabors Industries Ltd. today reported first quarter 2021 operating revenues of $461 million, compared to operating revenues of $443 million in the fourth quarter of 2020. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $141 million, or $20.16 per share. This compares to …
TATNEFT and KazMunayGas Develop Projects in Kazakhstan
TATNEFT and NC KazMunayGas signed agreements on the development of joint projects in the Republic of Kazakhstan. The companies signed an Agreement of Intent to develop joint projects in the domain of geological exploration and development of oil fields, as well as a Framework Agreement and a project roadmap for …
Royal Dutch Shell plc First Quarter 2021 Results Announcement
On Thursday April 29, 2021 at 07:00 BST (08:00 CEST and 02:00 EDT) Royal Dutch Shell plc releases its first quarter results and first quarter interim dividend announcement for 2021. Royal Dutch Shell plc first quarter 2021 results Jessica Uhl (CFO, Royal Dutch Shell plc) and Wael Sawan (Director Upstream, …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2021
PAO NOVATEK today released its consolidated interim condensed financial statements for the three months ended 31 March 2021 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2021 1Q 2020 Oil and gas sales 240,749 182,595 Other …
OPEC and Non-OPEC Ministerial Meeting Highlights Importance of Ongoing Rebalancing Efforts
The 16th OPEC and non-OPEC Ministerial Meeting of the Declaration of Cooperation (DoC) took place via teleconference on Tuesday, 27 April 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation. The …
Arctic LNG 2 Participants Conclude Long-Term Offtake Agreements
PAO NOVATEK announced today that its joint venture OOO Arctic LNG 2 concluded 20-year LNG Sales and Purchase Agreements (SPAs) for the total LNG production volumes with all the Project’s participants. The LNG sales from Arctic LNG 2’s first liquefaction train is planned to commence in 2023. The SPAs provide …
OPEC Daily Basket Price: Tuesday, 27 April 2021, Stood at $63.91 a Barrel
Vienna, Austria, 28 April 2021–The price of OPEC basket of thirteen crudes stood at $63.91 a barrel on Tuesday, compared with $63.22 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 …
A Regular Meeting of the TATNEFT’s Board of Directors Was Held
A meeting of the Board of Directors of PJSC TATNEFT named after V.D. Shashin chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on April 28, 2021. The information on the results of the PJSC TATNEFT’s budget execution for the first quarter of 2021 was …