OPEC Daily Basket Price: Thursday, 6 June 2019, Stood at $60.88 a Barrel
Vienna, Austria, 7 June 2019–The price of OPEC basket of fourteen crudes stood at $60.88 a barrel on Thursday, compared with $61.04 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), …
Energy Perspectives 2019: Delaying Climate Action Increases the Challenge
Current climate actions are far from enough to put the world on a path to keep global warming well below 2 degrees. Global emissions increased in 2018 to reach an all-time high – and the longer this continues, the stronger measures will be necessary to reach common goals. The need …
NOVATEK Creates a Joint Venture in China with Sinopec and Gazprombank
Today, during the official visit of the President of the People’s Republic of China Xi Jinping to the Russian Federation, PAO NOVATEK (“NOVATEK” and/or the “Company”), Sinopec and Gazprombank signed Heads of Agreement (“Agreement”) on establishing a joint venture to market LNG and natural gas to end-customers in the People’s …
Rosneft Joins Global Initiative on Methane Emission Reduction
Rosneft Oil Company has joined the initiative of the world’s leading oil and gas companies and signed “The Guidelines for Methane Emission Reduction in Natural Gas Supply Chain” (hereinafter referred to as the Guidelines). The Company’s Strategy related to compliance with the 17 Sustainable Development Goals of the UN, approved …
Rosneft Launches Second Field of Erginsky Cluster
Rosneft has put into commission the West Erginskoye field that is a part of the Erginsky cluster. Chief Executive Officer of Rosneft Oil Company Igor Sechin ordered to launch the first oil shipment via teleconference during the Annual General Meeting of Shareholders of the Company that is taking place in …
Rosneft Holds Annual General Meeting of Shareholders
Total dividend per share for 2018 is 25 rubles 91 kopecks, 274.6 billion rubles will be distributed as dividends including dividends for H1 2018. Rosneft’s Annual General Shareholders Meeting was held in Saint Petersburg on June 4. Holders of 91,39% of the Company’s shares took part in the meeting. The …
Caspian Sunrise: BNG Operational Update and May 2019 Production Report
The Company is pleased to provide an operational update at its flagship BNG asset. Deep Wells Deep Well A5 After further evaluation of the remedial options open to us we have concluded that a side-track from below the salt layer is preferable, at this stage, to a side-track commencing above …
Volga Gas: Drilling Update and Production Report for May 2019
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 drilling operations and to announce its average production volumes for May 2019. Drilling Update Drilling of the Uzen 4 horizontal sidetrack into the shallower Albian …
OPEC Daily Basket Price: Friday, 31 May 2019, Stood at $64.15 a Barrel
Vienna, Austria, 3 June 2019–The price of OPEC basket of fourteen crudes stood at $64.15 a barrel on Friday, compared with $67.10 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), …
Russia’s LUKOIL Says 2020 Capex May Exceed $8 billion
MOSCOW (Reuters) – Russian oil producer Lukoil’s capital expenditure may exceed $8 billion next year, the company’s Vice President Pavel Zhdanov said on Thursday. The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its …