Volga Gas: Production Report for March 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 March 2020. Production Report The average production in March 2020 was 4,070 barrels of oil equivalent per day (3% lower than February 2020). The gas plant unit was working …
Gazprom Neft Further Expands its Resource Base in the Khanty-Mansi Autonomous Okrug
Gazprom Neft subsidiary Gazpromneft-Khantos has acquired development rights to deep strata at the southern section of the Priobskoye field in the Khanty-Mansi Autonomous Okrug, increasing reserves by more than 10.4 million tonnes of oil. Gazpromneft-Khantos was awarded rights to hydrocarbon exploration and production in deep horizons at the southern section of the Priobskoye field, with the Federal Subsoil Resources Management …
BP Details COVID-19 Response and Provides Market Update
BP today set out actions it is taking in response to the COVID-19 pandemic and ongoing market disruption. It also provided an update on factors expected to affect its first quarter results. Chief executive Bernard Looney said: “The world is in a fight against COVID-19 and I want to thank …
PetroNeft: Operations Update
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce the commencement of year-round production from the Sibkrayevskoye field in Licence 61. Highlights · Connection of the Sibkrayevskoye field to …
OPEC Daily Basket Price Stood at $22.61 a Barrel Tuesday, 31 March 2020
Vienna, Austria, 1 April 2020—The price of OPEC basket of thirteen crudes stood at $22.61 a barrel on Tuesday, compared with $21.66 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), …
Tatneft Published its Audited IFRS Consolidated Financial Statements for the Year Ended December 31, 2019
PJSC Tatneft published on its web-site the audited consolidated financial statements for the year ended 31 December 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations (the “MD&A”). Selected financial highlights below are based on …
Russia’s Rosneft Terminates Venezuela Operations
Russia’s largest oil producer, Rosneft, said on Saturday it had terminated operations in Venezuela and disposed of its assets relating to its operations there. The company said it was selling its Venezuelan businesses to a company owned by the Russian government, “including in the joint ventures of Petromonagas, Petroperija, Boqueron, …
Russian State gives Up Majority Share of Rosneft in Venezuela Deal
The Russian state has cut its holding in oil giant Rosneft to below a majority stake as part of its deal to buy the group’s Venezuelan assets, announced over the weekend, a source familiar with the details told Reuters. Rosneft, Russia’s largest oil producer, said on Saturday it had sold …
Caspian Sunrise: Well 150 Producing 500 bopd Day On a 7mm Choke
The Board of Caspian Sunrise is pleased to announce the successful perforation of New Well 150, the first of the planned infill wells on the MJF structure, and that the well is flowing at the rate of approximately 500 bopd using a 7 mm choke. The Board is also pleased to provide …
OPEC Daily Basket Price Stood at $24.26 a Barrel Friday, 27 March 2020
Vienna, Austria, 30 March 2020—The price of OPEC basket of thirteen crudes stood at $24.26 a barrel on Friday, compared with $26.04 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), …