OPEC Daily Basket Price: Tuesday, 14 April 2020, Stood at $19.70 a Barrel
Vienna, Austria, 15 April 2020—The price of OPEC basket of thirteen crudes stood at $19.70 a barrel on Tuesday, compared with $21.18 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), …
Gazprom Neft and Shell Close a Deal to Develop a Joint Project to Develop the Salym Group of Fields
The Salym Petroleum Development portfolio of assets (a joint venture between Gazprom Neft and Shell) includes a new license for the right to geological exploration, exploration and production of traditional hydrocarbon reserves at the Salymsky-2 site in the Khanty-Mansi Autonomous Area. According to the agreement of partners, during the transaction …
LUKOIL in the Common Fight Against Coronavirus
LUKOIL Uzbekistan Operating Company took a whole range of measures for the safety of all its employees, and also transferred funds to charity organizations as part of the fight against COVID-19. Coronavirus shocked the world, becoming a key theme of all the news feeds. Viral infection looms the number 1 …
Gazprom Neft CEO Alexander Dyukov on COVID-19 Counteraction Program
Dear colleagues, partners and customers! Dear friends! We are all going through a difficult period. Due to the spread of the coronavirus COVID-19, the usual course of things around the world has been disrupted. Residents of many countries, the healthcare system and the global economy as a whole are going through a …
Volga Gas: Production Report for March 2020
The following amendment has been made to the “PRODUCTION REPORT FOR MARCH 2020” announcement released on 2 April 2020 at 07:00 under RNS No 4912I. The average realised prices for the three month period January to March 2020 and the gas price average for March 2020 were incorrectly stated and …
Gazprom Neft Starts Full-Scale Testing of Employees at Industrial Facilities for COVID-19
Gazprom Neft has begun full-scale COVID-19 preventative testing of employees involved in ensuring the continuous operation of the company’s oil production and refining facilities, at every location in which the company operates. The first stage of this programme will involve testing 50% of the company’s 80,000 personnel, with cutting-edge tests allowing infected employees — albeit showing no external symptoms — to be identified. In line …
LUKOIL Commissions Komandirshorskaya Group of Fields in Nenets District
LUKOIL started test production at three oil fields of the Komandirshorskaya Group – Komandirshorskoye, North Komandirshorskoye and West Komandirshorskoye – in the Nenets Autonomous District. The initial recoverable reserves of the three fields are estimated at 11 million tons. The production commenced at all the three geological structures of the …
NOVATEK Reports Preliminary Operating Data for the First Quarter 2020
PAO NOVATEK reported today preliminary operating data for the first quarter 2020. In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent (boe), including 19.08 billion cubic meters (bcm) of natural gas and 3,048 thousand tons of liquids (gas condensate and crude oil), resulting in …
The 10th (Extraordinary) OPEC and Non-OPEC Ministerial Meeting Concludes
The 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Sunday, 12 April 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation. The Meeting reaffirmed the continued commitment of …
Opec, Russia and Other Oil Producers Make Draft Deal to Cut Output
Opec countries and allies led by Russia have agreed in principle to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered in the coronavirus crisis. But there was some confusion after …