Oil & Gas Operators

Vienna, Austria, 16 July 2020–The price of OPEC basket of thirteen crudes stood at $44.12 a barrel on Wednesday, compared with $43.02 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), …

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the three months ended March 31, 2020. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the three months ended March 31, 2020 and …

Vienna, Austria, 15 July 2020–The price of OPEC basket of thirteen crudes stood at $43.02 a barrel on Tuesday, compared with $43.38 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), …

Caspian Explorer The Board is pleased to announce that, further to its announcement of 21 January 2020, all the required Kazakh regulatory and local shareholder approvals have now been received and the relevant paperwork has been sent to the UAE to complete the required re-registration of ownership of the Caspian Explorer, following which …

The Board of Directors of PJSC LUKOIL held a meeting in Moscow today. The following quantitative and personal composition of the Management Committee was approved: Vagit Alekperov                                            President Vyacheslav Verkhov                                     Chief Accountant Vadim Vorobyev                                           First Executive Vice President Denis Dolgov                                                 Vice President for Power Generation Pavel …

Oil Market Highlights Crude Oil Price Movements Spot crude oil prices continued rising in June for the second consecutive month, given the continued improvement in physical crude market fundamentals and gradual reductions in global supply overhang. The OPEC Reference Basket (ORB) value rose by $11.88, m-o-m, to $37.05/b, up by …

LUKOIL has successfully tested an open hole technology at its fields in the Komi Republic and West Siberia. The new method has been tested at Vozeyskoe, Usinskoye, Kyrtaelskoye, Potochnoye and Povkhovskoye fields, where hydraulic fracturing is used to stabilize hydrocarbons production and stimulate wells. Equipment used for the open hole …

Vienna, Austria, 14 July 2020–The price of OPEC basket of thirteen crudes stood at $43.38 a barrel on Monday, compared with $43.46 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 (Congo), …

Zoltav, the Russia-focused oil and gas exploration and production company, announces that the Company has entered into a loan agreement with ARA Capital Holdings Limited under which ARA Capital Holdings Limited has provided a revolving loan facility for up to US$9,000,000 (the “Loan”). ARA Capital Holdings Limited is the parent …

Mohammad Sanusi Barkindo, OPEC Secretary General. It is my great pleasure to introduce this 55th edition of the Annual Statistical Bulletin (ASB). First published in 1965, the ASB is one of OPEC’s flagship publications… To download the full report CLICK HERE