ConocoPhillips Announces Matt Fox to Retire After 35 Years with the Company
ConocoPhillips today announced the retirement of Matt Fox as executive vice president and chief operating officer after a successful 35-year career with the company. The retirement is effective on May 1, 2021. Fox began his career with Conoco as a reservoir engineer and held numerous positions of increasing responsibility until …
Technologies Developed in 2020 Will Bring Gazprom Neft over 7 billion Rubles
In 2020, Gazprom Neft created 13 new technological products to improve the efficiency of hydrocarbon prospecting and production. The economic effect from the implementation of these solutions can be 5 times higher than the volume of investments for their development and amount to over 7 billion rubles. Digital and technological products …
OPEC Daily Basket Price: Wednesday, 24 February 2021, Stood at $64.00 a Barrel
Vienna, Austria, 25 February 2021 – The price of OPEC basket of thirteen crudes stood at $64.00 a barrel on Wednesday, compared with $63.73 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), …
NOVATEK and Shenergy Group Sign SPA for LNG from Arctic LNG 2
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas & Power Asia Pte. Ltd., and Shenergy Group signed a long-term LNG Sales and Purchase Agreement (“SPA”) for the LNG produced from the Arctic LNG 2 project. The SPA stipulates the cumulative supply of more than three (3) million …
OPEC Daily Basket Price, Tuesday 23 February 2021 Stood at $63.73 a Barrel
Vienna, Austria, 24 February 2021 – The price of OPEC basket of thirteen crudes stood at $63.73 a barrel on Tuesday, compared with $62.01 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), …
Nabors Announces Fourth Quarter 2020 Results
Nabors Industries Ltd. today reported fourth quarter 2020 operating revenues of $443 million, compared to operating revenues of $438 million in the third quarter of 2020. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $112 million, or $16.46 per share. The fourth quarter …
OPEC’s 8th International Seminar Postponed to 29-30 June 2022
The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna, Austria. OPEC Secretary General, HE …
MOL Group to Launch Updated, Integrated Long-Term Strategy
The Board of Directors reviewed and approved “MOL Group 2030+”, an update of the company’s long-term strategy – which was originally announced in October 2016 – fully integrated with a new sustainability strategy and complemented with a longer-term vision and ambitions beyond 2030. ”The MOL 2030 long-term strategy has so …
OPEC daily basket price stood at $62.00 a barrel Monday, 22 February 2021, compared with $61.30 the previous Friday
Vienna, Austria, 23 February 2021–The price of OPEC basket of thirteen crudes stood at $62.00 a barrel on Monday, compared with $61.30 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), Girassol (Angola), Djeno …
OPEC daily basket price stood at $61.30 a barrel Friday, 19 February 2021, compared with $63.43 the previous day
Vienna, Austria, 22 February 2021–The price of OPEC basket of thirteen crudes stood at $61.30 a barrel on Friday, compared with $63.43 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 …