Oil & Gas Operators

In the first quarter of 2020 LUKOIL Group’s average daily hydrocarbon production excluding the West Qurna-2 project totaled 2,328 thousand boe per day, which is 2.1% lower year-on-year and 2.5% lower quarter-on-quarter. The decline in production was driven by lower gas supply to China from projects in Uzbekistan due to …

AVERAGE DAILY HYDROCARBON PRODUCTION AMOUNTED TO 5.75 MMBOE LIQUID HYDROCARBONS PRODUCTION AMOUNTED TO 4.64 MMBPD UNDER OPEC+ AGREEMENT GAS PRODUCTION CONSTITUTED 16.63 BCM PROGRESS IN THE DEVELOPMENT OF KEY PRODUCTION ASSETS WITH EMPHASIS ON NEW TECHNOLOGIES IMPLEMENTATION REFINING THROUGHPUT AT THE COMPANY’S REFINERIES AMOUNTED TO 28.7 MMT, INCREASING BY 1.4% …

Positive free cash flow of USD 3.5 bln in spite of lower crude oil prices EBITDA decreased by more than a third on the back of sharp decline in oil prices Negative Net income due to RUB depreciation and revaluation of foreign currency denominated liabilities Effective control over the costs: …

TATNEFT together with ZENIT Bank has organized 3D printing of reusable protective screens and respirators to ensure the safety of medical workers. The batch of reusable screens has already been donated by the Company to medical institutions in the region. Initially, the startup has been implemented by Aybulat Khairullin, KNITU-KAI …

ConocoPhillips today announced the retirement of Don E. Wallette, Jr. as executive vice president and chief financial officer after a successful 39-year career with the company. Wallette’s retirement is effective on Aug. 31, 2020. In conjunction with Wallette’s retirement, the company also announced that William (Bill) L. Bullock, Jr., currently …

Administrator of National Energy Administration, People’s Republic of China, HE Zhang Jianhua and delegation, along with HE Wang Qun, Permanent Representative and Ambassador Plenipotentiary and Extraordinary of the Permanent Mission of the People’s Republic of China to the United Nations and other International Organizations in Vienna, met with OPEC Secretary General HE Mohammad Sanusi …

Vienna, Austria, 20 May 2020–The price of OPEC basket of thirteen crudes stood at $28.43 a barrel on Tuesday, compared with $28.21 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), …

Vienna, Austria, 19 May 2020–The price of OPEC basket of thirteen crudes stood at $28.21 a barrel on Monday, compared with $26.54 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), …

Gazpromneft-Zapolyarye (a subsidiary of Gazprom Neft) will begin development of the Neocom-Jurassic deposits of the Bovanenkovo ​​oil and gas condensate field and the Kharasavey gas and condensate field on the Yamal Peninsula, as well as the Achimov deposits * and the oil rims of the Urengoy oil and gas condensate …

Eni’s Board of Directors[1] today appointed Claudio Descalzi as Chief Executive Officer and General Manager. In this role he will be responsible for the management of the company, with the exception of specific responsibilities that are reserved for the Board of Directors and those that are not to be delegated …