Oil & Gas Operators

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licence 61 and 90% owner of Licence 67, is pleased to provide a financing update. Highlights Total of $2.69M of debt converted to equity under three historic convertible …

Vienna, Austria, 1 April 2021 – The price of OPEC basket of thirteen crudes stood at $63.07 a barrel on Wednesday, compared with $63.37 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), …

As planned the second exploration well on the Orlinskaya structure within the Suyanovskoye licence was spudded in mid-January. The drilling is now completed with the well reaching the total depth of 2,422 meters which was deeper than the initial target depth of 2,362 meters. The Orlinskaya-1 well targeted 4 intervals: …

PJSC Tatneft (the “Company”) published on its website (http://www.tatneft.ru/?lang=en) the audited consolidated financial statements (the “Financial Statements”) for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations for the fourth …

Vienna, Austria, 31 March 2021 – The price of OPEC basket of thirteen crudes stood at $63.37 a barrel on Tuesday, compared with $62.86 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), …

President of Russia Vladimir Putin signed an Executive Order on granting awards to employees of LUKOIL Group. LUKOIL’s First Executive Vice President Vadim Vorobyov and LUKOIL’s Vice President for Economics and Planning Gennady Fedotov, as well as general directors of several LUKOIL Group organisations – namely Andrei Bogdanov (LUKOIL-Nizhegorodnefteorgsintez LLC), Nikolai Lyashko (LUKOIL-Nizhnevolzhskneft LLC) and …

The Organization of the Petroleum Exporting Countries (OPEC) welcomes two new initiatives by the Kingdom of Saudi Arabia which aim to reduce emissions and the region’s environmental footprint. HE Mohammad Sanusi Barkindo, OPEC Secretary General, noted that the ‘Saudi Green Initiative’ and the ‘Middle East Green Initiative’ represent an important …

LUKOIL Press Service announces that the Company Management Committee decided to appoint General Director of LUKOIL Uzbekistan Operating Company Stepan Gurzhiy as LUKOIL President’s Envoy to Azerbaijan, Kazakhstan, Uzbekistan, and Turkmenistan. He will be responsible for enhancing cooperation of LUKOIL Group organizations in the aforementioned countries. Source

Vienna, Austria, 30 March 2021 – The price of OPEC basket of thirteen crudes stood at $62.86 a barrel on Monday, compared with $62.56 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), …

In 2020, 27 projects to improve production efficiency (PPE) were implemented at the facilities of LLC RN-Purneftegaz (part of the oil production complex of NK Rosneft ). The economic effect exceeded 800 million rubles, including operating costs decreased by 498 million rubles, capital expenditures – by 302 million rubles. The development of technological and …