Dutch Appeals Court Reinstates $50 Billion Award for Yukos Shareholders
A Dutch appeals court on Tuesday overturned a lower court’s annulment of a $50 billion award to shareholders in the now defunct Russian oil giant Yukos. In April 2016, The Hague’s District Court had overturned a decision by the Permanent Court of Arbitration ordering the Russian state to compensate shareholders …
Rosneft Joins Leading Oil and Gas Companies in the Water Resources Category of the Global CDP Rating
Rosneft Oil Company joined the leading global oil and gas companies – participants of the international rating in the Water Resources Category under the CDP Project (Carbon Disclosure Project). Taking into account water management decisions, Rosneft’s operations were assigned the “B-” rating, which corresponds to the worldwide average. A total …
Russia’s Rosneft Pledges $5 Billion for ‘Green’ Causes Over Next Five Years
Russian largest oil producer Rosneft (ROSN.MM) has pledged to invest around $5 billion in environmentally friendly projects over the next five years, the company said on Monday. The plans were revealed after BP (BP.L), owner of 19.75% of Rosneft, pledged deep cuts to its carbon emissions by 2050, setting one …
OPEC Daily Basket Price: Friday, 14 February 2020, Stood at $56.73 a Barrel
Vienna, Austria, 17 February 2020—The price of OPEC basket of fourteen crudes stood at $56.73 a barrel on Friday, compared with $55.86 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), …
Exillon Energy Plc – EXI Update on Cancellation of Listing of Shares
Exillon Energy plc (“Exillon Energy” or the “Company”) (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), further to its announcement on 31 October 2019, announces that the Company continues its work on preparation for cancellation of the …
Petrosibir Production Report for January 2020
Petrosibir’s total oil production during January 2020 amounted to 47,050 barrels, equivalent to 1,518 barrels per day. The table below summarises the average monthly / daily production in 2020 and 2019, broken down by region. 2019 2020 Average Dec Jan Total production Bashkiria 10 469 10 643 10 622 Komi …
OPEC Daily Basket Price Stood at $55.86 a Barrel Thursday, 13 February 2020
Vienna, Austria, 14 February 2020—The price of OPEC basket of fourteen crudes stood at $55.86 a barrel on Thursday, compared with $55.54 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), …
Igor Sechin Reports to the President of the Russian Federation on the Company’s 2019 Operating Results and Prospects of Vostok Oil Project
Vladimir Putin has held a working meeting with Rosneft Oil Company Chief Executive Officer Igor Sechin. The Company’s 2019 results and its promising projects were the main topics of the meeting. According to Igor Sechin, despite the deteriorating international situation, the 2019 results of Rosneft’s operation remained positive. For instance, …
BP Sets Ambition for Net Zero by 2050, Fundamentally Changing Organisation to Deliver
BP today set a new ambition to become a net zero company by 2050 or sooner, and to help the world get to net zero. The ambition is supported by ten aims: Five aims to get BP to net zero: 1. Net zero across BP’s operations on an absolute basis …
OPEC Monthly Report – February 2020
The January OPEC Reference Basket (ORB) value ended $1.38, or 2.1%, lower, month-on-month (m-o-m), averaging $65.10/b. In January, ICE Brent averaged $1.50, or 2.3%, m-o-m lower at $63.67/b, while NYMEX WTI dropped $2.28, or 3.8%, averaging $57.53/b. Year-to-date (y-t-d), ICE Brent was $3.43, or 5.7%, higher at $63.67/b, while NYMEX …