Oil & Gas Operators

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 August 2019. Production Report The average production in August 2019 was 4,388 barrels of oil equivalent per day (10% lower than July 2019). Lower production resulted from …

Gazprom Neft has, for the first time, acquired geological prospecting licenses for flank blocks at developed fields — these new blocks, the Sverdlovsky 4 and Yuzhno-Zimny, being located in the Sverdlovsk and Tyumen Oblasts. The “flank” mechanism gives existing subsoil users a priority right to secure prospecting licenses to blocks in the Unallocated Subsoil Reserve Fund within a 20-kilometre zone …

Vienna, Austria, 2 September 2019–The price of OPEC basket of fourteen crudes stood at $60.11 a barrel on Friday, compared with $60.24 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 …

Vienna, Austria, 2 September 2019–The price of OPEC basket of fourteen crudes stood at $60.11 a barrel on Friday, compared with $60.24 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 …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye field located on the Gydan peninsula in Yamal-Nenets Autonomous Region. The license area has estimated hydrocarbon resources …

NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the subsoil area including the Soletsko-Khanaveyskoye field located on the Gydan peninsula in Yamal-Nenets Autonomous Region. The license area has estimated hydrocarbon resources of 2,183 billion cubic meters …

PJSC Tatneft (the “Company”) published on its web-site (http://www.tatneft.ru/?lang=en) the unaudited consolidated interim condensed financial statements (the “Financial Statements”) for the three and six months ended 30 June 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Management Discussion and Analysis of Financial Condition and Results …

Oil output will grow by roughly ten million tonnes from 2020 The government of Kazakhstan plans to scale up oil production from 90 mln tonnes in 2020 to 100 mln tonnes in 2024, Minister of National Economy Ruslan Dalenov said on Tuesday at the Cabinet meeting. “Oil production will grow …

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 …

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 …