Oil & Gas Operators

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 …

Vienna, Austria, 28 May 2020–The price of OPEC basket of thirteen crudes stood at $29.03 a barrel on Wednesday, compared with $29.75 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), …

PAO NOVATEK announced today that OOO NOVATEK-Murmansk, a wholly owned subsidiary, and the Far East Development Corporation signed an Agreement on operating in the territory of the Advanced Special Economic Zone (ASEZ) “Capital of the Arctic” (hereinafter “the Agreement”). According to the Agreement, OOO NOVATEK-Murmansk will obtain resident status at …

Vienna, Austria, 27 May 2020–The price of OPEC basket of thirteen crudes stood at $29.75 a barrel on Tuesday, compared with $28.06 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), …

The global economy is currently facing an unprecedented challenge, and the hydrocarbon industry is reeling from low oil prices. Due to the COVID-19 pandemic, industry events around the world are being cancelled or postponed until 2021. All of us have had to adapt to new ways of working and gathering …

Spain’s Repsol has pulled out of a planned joint venture to develop two Arctic oil blocks with Russia’s Gazprom Neft and Royal Dutch Shell, a spokesman at Repsol said on Friday. Gazprom Neft, the oil arm of Russian gas giant Gazprom, Repsol and Shell signed a memorandum of understanding last …

LUKOIL completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field in the Caspian Sea. The offshore operations involved 110 workers and nine vessels. The facility was brought to the offshore installation site via the Volga-Caspian Shipping Canal. After the floatover and grounding, the substructures …

Rosneft reduced fugitive methane1 emissions in the Upstream sector by 73% in 2019 as a result of a comprehensive programme of process improvements and methane emission reduction initiatives. Maximizing emissions reductions is a key element of the Rosneft-2022 Strategy. The Company intends to take a leading position in terms of environmental …

TATNEFT is ranking in the third place among the TOP-10 of the BCG’s global industry value rating for the shareholders. PJSC TATNEFT has taken the third position among the leading oil companies with high capitalization level in terms of the weighted average Total Shareholder Return (TSR – 38%) in the …