PetroNeft: Completion of Fracking Program and Initial Results
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 is pleased to announce operational successes. Highlights Hydraulic fracture stimulation program of wells on both the Sibkrayevskoye and the Lineynoye fields successfully completed. Initial …
Tengizchevroil: Announces 2020 Year-End Results
Tengizchevroil LLP (TCO) announced today its business performance results for 2020. Throughout 2020, TCO maintained a high focus on health and safety to protect its people and the business. Despite the COVID-19 pandemic and challenging oil market conditions, production remained uninterrupted and strong safety and environmental performance was observed across …
OPEC Daily Basket Price, Thursday, 25 February 2021, Stood at $65.42 a Barrel
Vienna, Austria, 26 February 2021 – The price of OPEC basket of thirteen crudes stood at $65.42 a barrel on Thursday, compared with $64.00 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), …
PetroSibir: Year-End Report January – December 2020
2020 was a very difficult year. The entire world encountered unprecedented challenges, and the oil industry was one of those hit badly by the COVID crisis. Nevertheless, PetroSibir remained strong and quickly adapted to the new conditions. Efficient costs management combined with flexible Russian taxation of the oil industry helped …
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 …