Oil & Gas Operators

In 2020, the total reserves of Gazprom Neft (taking into account the share in joint ventures) of the proved and probable categories increased to 3.9 billion toe. The provision of the company’s production with hydrocarbons has reached 22 years. Proved reserves (proved, 1P) of Gazprom Neft hydrocarbons according to international PRMS …

ENGIE and Equinor announce their partnership to develop joint low-carbon hydrogen activities. The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore. ENGIE and Equinor signed a memorandum of understanding to investigate the development low-carbon hydrogen value …

PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated)   FY 2020  FY 2019  Oil and gas sales 699,750 852,232 Other revenues 12,062 …

PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licenses 61 and 67, is pleased to provide a financing update: Highlights – New $2.9m convertible loan facility providing greater headroom to develop value. PetroNeft is pleased to …

Vienna, Austria, 17 February 2021–The price of OPEC basket of thirteen crudes stood at $62.48 a barrel on Tuesday, compared with $62.60 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), …

Slavneft-Megionneftegaz has developed and implemented an innovative method for the industry to perform operations to improve well productivity. The technology opens up new perspectives for the efficient development of hard-to-recover reserves. The innovative method, called iFrac, significantly reduces the cost of performing repeated multi-stage hydraulic fracturing (MSHF) ** in horizontal …

PJSC “LUKOIL” (hereinafter – the Company) announces the results of the reserves assessment and independent audit as of December 31, 2020. According to the SEC classification, the Company’s proved hydrocarbon reserves totaled 15.4 billion barrels of oil equivalent, 76% of which stood for liquids. The proved reserves replacement ratio, excluding …

Vienna, Austria, 16 February 2021–The price of OPEC basket of thirteen crudes stood at $62.60 a barrel on Monday, compared with $60.77 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), …

OOO Gazprom nedra has successfully completed construction of the first unique system in Russia, consisting of two wells – vertical and multilateral wells with a large bottomhole deviation from the vertical at the Naryksko-Ostashkinskoye coal methane field of Kuzbass. Geological exploration is carried out by the company for the needs …

The reserves of JSC Orenburgneft (a production asset of Rosneft) increased by more than 30 million tons of hydrocarbons in 2020. The company discovered 9 new fields and 40 deposits within the existing fields with total recoverable industrial grade reserves of more than 11 million tonnes of oil equivalent. Among …