LUKOIL Drills Record Breaking Wells at D41 in the Baltic Sea
LUKOIL commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019. The field is operated from an onshore site with two newly drilled horizontal wells, one of …
Embamunaigas JSC has Changed Chairman of the Board of Directors
By the decision of the Board of Directors of Embamunaigas JSC (Minutes No. 14 of 04.05.2019), the powers of the Chairman of the Board of Directors of the EMG Iskaziyev Kurmangazy Oryngaziyevich were terminated early. Member of the Board of Directors of EMG Marabayev Zhakyp Nasibkalievich – Deputy Chairman of the …
Rosneft: Q1 Financial Results 2019 – NET Income Up 61.7% yoy
EBITDA growth of more than 1.4 times YoY to RUB 548 bln with the margin improvement to 26% Strong control over the costs: operating expenses fell by 10% QoQ Free cash flow growth of more than 1.4 times to RUB 197 bln compared to the same period of 2018 Strategic …
Rosneft: Q1 Operating Results 2019 – Production Up 3.4% yoy
Upstream Hydrocarbon production in Q1 2019 amounted to 5.90 mmboed (71.7 mmtoe), exceeding Q1 2018 level by 3.4%. Average daily hydrocarbon production decreased by 0.6% QoQ due to the Company’s compliance with its obligations under the OPEC+ Agreement. The reporting quarter liquids production amounted to 4.74 mmbpd (57.6 mmt), exceeding …
Gazprom Neft: Produces its Two-Millionth Tonne of Oil in Kurdistan
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its two-millionth tonne of oil since starting commercial production at its Sarqala field in the Kurdistan Region of Iraq. First oil was obtained at the Garmian block, which includes the Sarqala field, in 2011. Commercial oil shipments commenced in 2015, with the commissioning of the Sarqala-1 well. The second …
OPEC Daily Basket Price: Wednesday, 15 May 2019, Stood at $71.26 a Barrel
Vienna, Austria, 16 May 2019–The price of OPEC basket of fourteen crudes stood at $71.26 a barrel on Wednesday, compared with $70.66 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), …
Eni: Shareholders’ Meetings Approves 2018 Financial Statements
2018 net profit, € 3.17 billion Total dividend per share for 2018 of € 0.83 Authorisation to the Board of Directors for buy-back programme of Eni shares Remuneration Report assented Download the press release (PDF) Rome, 14 May 2019 – The Ordinary Meeting of Eni’s Shareholders, held today, resolved the following: …
OPEC Daily Basket Price: Tuesday, 14 May 2019, Stood at $70.66 a Barrel
Vienna, Austria, 15 May 2019–The price of OPEC basket of fourteen crudes stood at $70.66 a barrel on Tuesday, compared with $71.21 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), …
Condor Announces 2019 First Quarter Results
Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, announces the release of its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2019 together with the related management’s discussion and analysis. These documents will …
LUKOIL Reports Preliminary Operating Data for the First Quarter of 2019
In the first quarter of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,379 thousand boe per day, which is 4.1% higher year-on-year and 0.3% higher quarter-on-quarter. The increase was mainly driven by the development of gas projects in Uzbekistan. Hydrocarbon production, thousand boe per day …