OPEC Daily Basket Price: Friday, 8 May 2020, Stood at $22.21 a Barrel
Vienna, Austria, 11 May 2020—The price of OPEC basket of thirteen crudes stood at $22.21 a barrel on Friday, compared with $22.91 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), …
Fitch Ratings Affirmed TATNEFT’s ‘BBB-‘ Credit Rating with Stable Outlook
Fitch Ratings announced that it has affirmed the issuer’s long-term default probability rating of PJSC TATNEFT at “BBB-” with the “stable” outlook According to Fitch Ratings, the confirmation of the credit rating reflects, inter alia, the Company’s low debt level, significant crude oil production, as well as large proven reserves. …
Tatneft Group’s Total Proved Reserves of Crude Oil and Condensate at Year-End 2019 Amounted to 6.7 Billion Barrels or 940 Million Tonnes
Based on the audit by an independent oil and gas consulting firm Miller & Lents, Ltd. net recoverable oil and gas reserves of Tatneft in accordance with the standards of the Petroleum Resources Management System prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE-PRMS) …
MOL Group Reported USD 152mn Net Loss in Q1
USD 152mn net loss reported for Q1 on the back of large foreign exchange losses and inventory losses caused by weaker HUF and the plunging oil prices Underlying operations were running strong until mid-March, when the pandemic-related lockdown started to seriously affect all business lines Upstream EBITDA declined by 35% …
OPEC Daily Basket Price: Tuesday, 5 May 2020, Stood at $21.44 a Barrel
Vienna, Austria, 6 May 2020—The price of OPEC basket of thirteen crudes stood at $21.44 a barrel on Tuesday, compared with $18.36 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), …
OPEC Daily Basket Price: Monday, 4 May 2020. Stood at $18.36 a Barrel
Vienna, Austria, 5 May 2020—The price of OPEC basket of thirteen crudes stood at $18.36 a barrel on Monday, compared with $16.52 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: Production Report for April 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 April 2020. Production Report The average production in April 2020 was 2,316 barrels of oil equivalent per day (43% lower than March 2020). The reduced gas plant throughput was …
Wintershall Dea a Successful First Year: a European Champion for Gas and Oil
Wintershall Dea is celebrating its first anniversary. Wintershall Holding GmbH, based in Kassel, and DEA Deutsche Erdoel AG, based in Hamburg, merged on 1 May 2019 with the goal of becoming Europe’s leading independent natural gas and oil company. The merger brought together two long-standing E&P players that complement each …
Caspian Sunrise PLC: Operational and Financial Update or April 2020
The Directors are pleased to update the market with news of progress at its flagship BNG asset together with details of measures taken to underpin the Company’s finances. New Well 153 On 27 April 2020, we announced that New Well 153, the second of the infill wells drilled at the MJF …
Sakhalin Energy’s Molikpaq Platform: Produces 300 Mln Barrels of Oil
Sakhalin Energy’s Molikpaq platform has produced 300 mln barrels of oil since the start of production in 1999. It was the first platform installed on the Russian shelf under the Sakhalin-2 project, and even after 20 years of operation it still contributes substantially to the company’s hydrocarbon production output. According to Marat Rezyapov, Sakhalin …