OPEC Daily Basket Price: Friday, 9 April 2021, Stood at $61.14 a Barrel
Vienna, Austria, 12 April 2021–The price of OPEC basket of thirteen crudes stood at $61.14 a barrel on Friday, compared with $61.22 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 …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2021
PAO NOVATEK reported today preliminary operating data for the first quarter 2021. In the first quarter 2021, NOVATEK’s hydrocarbon production totaled 158.1 million barrels of oil equivalent (boe), including 20.15 billion cubic meters (bcm) of natural gas and 3,129 thousand tons of liquids (gas condensate and crude oil), resulting in …
The Economic Effect from the Implementation of the Production Efficiency Program “Slavneft-Krasnoyarskneftegaz” Amounted to More than 6 Billion Rubles
For three years, Slavneft-Krasnoyarskneftegaz received an economic effect of 6.4 billion rubles from the implementation of measures to improve production efficiency. Improving production efficiency is one of the key tools of the Rosneft-2022 Strategy. The program provides for the implementation of measures aimed at optimizing costs and improving production processes, including …
OPEC Daily Basket Price Stood at $61.22 a Barrel Thursday, 8 April 2021
Vienna, Austria, 9 April 2021 – The price of OPEC basket of thirteen crudes stood at $61.22 a barrel on Thursday, compared with $60.68 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), …
Caspian Sunrise: BNG Operational Update
The Board of Caspian Sunrise are pleased to provide the following operational update at its flagship BNG Contract Area asset. First quarter production volumes In the three months ended 31 March 2021, 119,916 bbls of oil were produced at an average of approximately 1,332 bopd. Oil Prices While international prices …
RN-Nyaganneftegaz Allocated 1.7 Billion Rubles for Environmental Projects in 2020
The RN-Nyaganneftegaz company, which is part of the oil production complex of Rosneft, by the end of 2020, invested more than 1.7 billion rubles in environmental protection and nature restoration activities. The funds were used to implement the gas program, improve the reliability of pipelines, land reclamation and improve the efficiency …
Orenburgneft has Reduced the Cost of Diesel Generation at oil Production Facilities by 13 times
Orenburgneft, the production company of Rosneft, has reduced the use of diesel generation * at its own oil production facilities. Since 2018, the number of diesel power plants has decreased from 33 to 2 units, and the amount of annual annual costs for this period has decreased 13 times – to …
OPEC Daily Basket Price: Wednesday, 7 April 2021, Stood at $60.68 a Barrel
Vienna, Austria, 8 April 2021 – The price of OPEC basket of thirteen crudes stood at $60.68 a barrel on Wednesday, compared with $61.33 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), …
PetroNeft: Conversion of Debt
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to provide a financing update. Highlights $156,000 of debt converted to equity under the 2019 convertible …
Shell Publishes Reports on Sustainability, Industry Associations and Payments to Governments
Shell has published its 2020 Sustainability Report, its Industry Association Climate Review and its annual Payments to Governments Report. The three reports together further demonstrate Shell’s efforts to remain at the forefront of the drive for greater corporate transparency around activities that are important to investors, governments and civil society. …