MOL Group 3rd Quarter EBITDA Bounced Back Despite the Crisis, Challenges Ahead
Today, MOL Group announced its financial results for the third quarter of 2020. During the pandemic and economic crises, Clean CCS EBITDA strongly rebounded from the Q2 lows and came in at USD 610mn in Q3 2020, only 12% lower than in the same period last year. This result brought …
OPEC Holds 4th High-Level Meeting of the OPEC-India Dialogue
The OPEC Secretariat hosted the 4th High-Level Meeting of the OPEC-India Dialogue on 05 November 2020 via videoconference. The Meeting was co-chaired by HE Mohammad Sanusi Barkindo, Secretary General of OPEC and HE the Honourable Dharmendra Pradhan, India’s Minister of Petroleum and Natural Gas and Minister of Steel. The meeting …
OPEC Daily Basket Price: Wednesday, 4 November 2020, Stood at $39.09 a Barrel
Vienna, Austria, 5 November 2020 – The price of OPEC basket of thirteen crudes stood at $39.09 a barrel on Wednesday, compared with $38.44 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), …
OPEC, GECF Hold First High-Level Meeting
Representing the lifeblood of global economy, two of the world’s foremost energy organisations OPEC and the Gas Exporting Countries Forum (GECF) held their first high-level meeting today, highlighting the growing cooperation between the two organisations under the framework of the OPEC-GECF Energy Dialogue. The OPEC delegation was led by HE …
Samotlorneftegaz Launches Unique Technology for Cleaning the Bottom of Water Bodies
Samotlorneftegaz, an enterprise of Rosneft’s oil production complex, together with the Institute for Biology of the Tomsk State University, has successfully launched the Air Probe (Aeroshchup) technology for cleaning hydrocarbons off the bottom of reservoirs through flotation and airlifting. The operating principle of the innovative complex is to lift hydrocarbon …
Nabors Announces Third Quarter 2020 Results
Nabors Industries Ltd. (today reported third quarter 2020 operating revenues of $438 million, compared to operating revenues of $534 million in the second quarter of 2020. The net loss from continuing operations attributable to Nabors common shareholders for the quarter was $161 million, or $23.42 per share, compared to a …
Gazprom: Obtains Record-High Gas Inflow on Kara Sea Shelf
Another set of tests has been performed in the upper levels of the exploration well at the Leningradskoye field of the Yamal gas production center. Earlier, the well helped discover a new deposit in the lower levels. In the course of the exploration activities, commercial gas inflow of over 1 million cubic meters per day was obtained. This is a record-high figure for the fields located on the …
OPEC Daily Basket Price: Tuesday, 3 November 2020, Stood at $38.44 a Barrel
Vienna, Austria, 4 November 2020 – The price of OPEC basket of thirteen crudes stood at $38.44 a barrel on Tuesday, compared with $35.89 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), …
Volga Gas: Production & Drilling Update Report for October 2020
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for October 2020. Production Report The average production in October 2020 was 3,680 barrels of oil equivalent per day (7.4% lower than September 2020). This decrease was driven by …
The OPEC Family Stands in Solidarity with Austria After Terror Attacks in Vienna
The OPEC Secretariat was shocked and saddened with disbelief after receiving news of the horrendous events that took place in the heart of the beautiful city of Vienna yesterday evening (November 2). Our heartfelt condolences go out to all those affected. The Organization offers prayers to those victims of this …