LUKOIL: H1 Results 2019: Revenue Up 7.9%, EBITDA Up 22.5%
PJSC LUKOIL today released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2019 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 2Q 1Q 1H 1H 2019 2019 2019 2018 (RUB bln) 2,125.6 1,850.9 Sales 3,976.5 …
PetroSibir: 2019 H1 Results – Revenue of SEK 28m
Statement from CEO Dear Shareholders, I am pleased to announce the results for the first half of 2019. It was an interesting period where in addition to operational focus we started testing the market for opportunities to divest our assets in Komi and Bashkiria. It was unfortunate that in the …
OPEC Daily Basket Price Stood at $58.98 a Barrel Tuesday, 27 August 2019
Vienna, Austria, 28 August 2019–The price of OPEC basket of fourteen crudes stood at $58.98 a barrel on Tuesday, compared with $59.18 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), …
BP: Sells all Alaskan Assets to Hilcorp for $5.6 Billion
BP today announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska. Under the terms of the agreement, Hilcorp will purchase all of BP’s interests in the state for a total consideration of $5.6 billion. The sale will include BP’s entire …
JMMC Reiterated the Critical Value of Commitment to Maintain Market Stability at Times of Uncertainties
The Joint Ministerial Monitoring Committee (JMMC) has reviewed the monthly report prepared by its Joint Technical Committee (JTC) and recent developments in the global oil market, as well as near-term prospects in 2019 and 2020. The Joint Ministerial Monitoring Committee (JMMC) has reviewed the monthly report prepared by its Joint …
Gazprom Neft Enters Taimyr
Gazprom Neft has secured subsoil usage rights for geological prospecting in the west of the Taimyr Peninsula. The twelve blocks, covering a total 5,000 square kilometres, are located in the Dolgano-Nenetsky municipal district in the Krasnoyarsky Krai. Licenses to Zapadno-Taimyrsky blocks 1–12 have been issued for a period of seven years, with Gazprom Neft acquiring them under the “Declarative Principle” …
OPEC Daily Basket Price: Friday, 23 August 2019, Stood at $59.67 a Barrel
Vienna, Austria, 26 August 2019–The price of OPEC basket of fourteen crudes stood at $59.67 a barrel on Friday, compared with $60.50 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), …
Petrofac and SOCAR JV Secures Engineering and Technical Services Contract in Azerbaijan
Petrofac, in a joint venture (JV) with the State Oil Company of the Republic of Azerbaijan (SOCAR), has secured an Engineering and Technical Services contract to support Total and SOCAR’s Exploration & Production activities in Azerbaijan. The 12-month contract, with option to extend, will support activity in the Absheron natural …
Trump’s Oil Sanctions Leave Russian Exporters $1 Billion Richer
U.S. President Donald Trump’s sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and July. The calculation is based on the difference between the …
OPEC Daily Basket Price: Wednesday, 21 August 2019, Stood at $60.66 a Barrel
Vienna, Austria, 22 August 2019–The price of OPEC basket of fourteen crudes stood at $60.66 a barrel on Wednesday, compared with $59.94 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), …