Oil & Gas Operators

Gazprom is now the largest issuer in the MSCI Russia Index. The Company’s ranking was revised based on the latest review of the stock index by MSCI. In the second quarter of 2020, MSCI revised the free float-adjustment factor – one of the key indicators on the basis of which the weight of securities of every issuer is measured – for Gazprom’s shares. Starting from June …

Vienna, Austria, 2 June 2020–The price of OPEC basket of thirteen crudes stood at $33.68 a barrel on Monday, compared with $29.01 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), …

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 May. Production Report The average production in May 2020 was 3,372 barrels of oil equivalent per day (45% higher than April 2020). The increased gas plant throughput was …

For the first time in Russia, Gazprom Neft adapted the method of offshore electrical exploration to study deposits of difficult oil. The new approach made it possible to identify the most promising sections of the Bazhenov formation, the industrial development of which will begin in 2021. The Gazprom Neft Science and …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Arc7 ice-class LNG tanker “Christophe de Margerie” of Sovcomflot successfully transited the Eastbound ice-covered part of the Northern Sea Route (“NSR”) and reached the Bering Strait in only 12 days. The voyage across the NSR to the Bering Strait was …

Vienna, Austria, 29 May 2020–The price of OPEC basket of thirteen crudes stood at $28.45 a barrel on Thursday, compared with $29.03 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), …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, announces that there will be a delay in the publication of the Company’s audited financial results for the year ended 31 December 2019 (“Final Results”). The delay is occasioned at the request …

By the middle of May, PJSC “RussNeft” fulfilled its obligations to reduce oil production within the frames of the agreement between the Russian Federation, OPEC member-states and non-OPEC countries, which acceded to this agreement. The operational plan of production reduction provided for changes in its structure and shutdown of wells …

Google has pledged to stop building customized artificial intelligence (AI) tools that help oil and gas firms to extract fossil fuels worldwide. The story was reported by Medium’s tech publication, OneZero, following an interview with The Cube that was published on YouTube. A Greenpeace report on Tuesday highlighted how Google, Microsoft, and Amazon use AI and warehouse servers to …

The Company has maintained its financial stability amidst the unprecedented COVID-19 pandemic and decline in oil demand and oil prices; Adjusted Q1 2020 EBITDA stands at RUB99 billion; Significant free cash flow, standing at RUB22 billion; Net debt to EBITDA ratio as at end Q1 2019 standing at 0.88x. Gazprom Neft (the “Company’) today announces its consolidated IFRS financial results for the …