Oil & Gas Operators

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, announces that David Golder has, after 15 years’ service to the company, decided to retire from the Board with immediate effect. The Board has …

Today, MOL Group announced its financial results for 2020. Despite the challenging pandemic and economic crisis, MOL Group generated USD 464mn Clean CCS EBITDA in Q4, bringing full-year Clean CCS EBITDA to USD 2.05bn, above the updated guidance. In a year of disruption, volatility and uncertainty, all segments generated positive …

Vienna, Austria, 19 February 2021–The price of OPEC basket of thirteen crudes stood at $63.43 a barrel on Thursday, compared with $63.04 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 (Congo), …

PJSC “RussNeft” starts preparations for implementing the advance drilling program at Vostochno-Kamennoye field of Vodorazdelny license. During the winter period of 2021 it is planned to bring the mobile drilling rig to drill 3 directional wells with core sampling from producing formations of Tuymen suite. The cumulative remaining recoverable reserves …

The economic effect from the introduction of innovative technologies at the production facilities of Orenburgneft JSC (a subsidiary of Rosneft Oil Company) in 2020 exceeded 1 billion rubles. Comprehensive development of scientific and technological potential is one of the key elements of the Rosneft-2022 Strategy. As part of this work, the …

Vienna, Austria, 18 February 2021–The price of OPEC basket of thirteen crudes stood at $63.04 a barrel on Wednesday, compared with $62.48 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 (Congo), …

In 2020, Gazprom Neft reduced the cost of producing unconventional oil by 20% compared to 2019, to RUB 13,000 per ton. By the end of 2021, it is planned to reach the level of 8.5 thousand rubles per ton, which will allow the start of industrial development of the Bazhenov formation at the …

As part of its effort to minimize impact on water bodies of the Komi Republic, LUKOIL commissioned new water treatment facilities and commenced closed loop steam generation at its oil mines in Yarega, Pervomaisky and Nizhny Domanik settlements. Earlier on, the company had already installed a water reuse system at …

Royal Dutch Shell plc, through its affiliate Shell Canada Energy (“Shell”), has reached an agreement with publicly listed Canadian energy company Crescent Point Energy Corp. (“Crescent Point”) to sell its Duvernay shale light oil position in Alberta, Canada for a total consideration of $707 million (C$900 million). The transaction has …

Gazprom Neft (the “Company”) today has published its IFRS consolidated financial statements for the 12 months and fourth quarter (Q4) ended 31 December 2020 (FY 2020). The Company recorded consistent net-profit growth in Q2—Q4 2020, the challenging market environment notwithstanding Adjusted EBITDA* was ₽485.2 billion in 2020 Net profit has been positive since Q2, reaching ₽81.5 billion in Q4 2020, a three-fold increase on Q3 …