Oil & Gas Operators

The Company’s professionals Irik Fattakhov (Head of the Enhanced Oil Recovery Department of the PJSC TATNEFT’s Executive Office) and Nataliya Knyazeva (Head of the Oil Recovery Laboratory of Flooded Reservoirs (TatNIPIneft Institute) became the winners of the Best Young Scientist contest of the Republic of Tatarstan. The scientists of TATNEFT …

Vienna, Austria, 10 February 2021–The price of OPEC basket of thirteen crudes stood at $60.28 a barrel on Tuesday, compared with $59.58 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 …

Total SE bucked the trend of a disappointing fourth quarter for Big Oil, reporting earnings that exceeded expectations and pledging more cash for cleaner energy. The results show once again how the French giant has outperformed its peers throughout the downturn caused by the coronavirus pandemic. As its more heavily indebted …

Incremental reserves at RussNeft totalled 32.6 million tonnes of oil in 2020. Most exploration work in the reporting year was carried out in the Khanty-Mansiysk Autonomous District. The Company annually implements a significant programme of geological exploration works (E&A), the main sources of which will remain hard-to-recover and unconventional reserves …

Oil demand is recovering, prices are close to $ 60 per barrel, and this is likely to lead to a softening of the terms of the OPEC + deal to cut production. This opinion was expressed by Vasily Tanurkov, director of the corporate ratings group at ACRA. According to him, …

Vienna, Austria, 9 February 2021–The price of OPEC basket of thirteen crudes stood at $59.58 a barrel on Monday, compared with $58.92 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 …

In the fourth quarter of 2020 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 9.5% higher quarter-on-quarter. The growth was attributable to the dynamics of the external limitations on oil production due to the OPEC+ agreement, as well as recovery of …

Vienna, Austria, 8 February 2021–The price of OPEC basket of thirteen crudes stood at $58.92 a barrel on Friday, compared with $58.25 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), …

Rosneft Oil Company, the Ministry of Finance of Russia and the Ministry of Natural Resources and the Environment of Russia have signed an agreement on investment incentives for oil production at the Priobskoye field in the form of an annual mineral extraction tax (MET) deduction of up to 46 billion …

Introduction The board is pleased to provide an update covering commercial / financial / operational and regulatory matters. Commercial & financial update In our previous announcement we identified three principal factors holding back the company’s short term progress: ·    Kazakh domestic oil price ·    Assessed BNG historic costs ·    Lack of deep well …