RussNeft Q1 2019 Net Profit (RAS) Goes Up 1.5-Fold to RUB4.4 Billion
The revenue grew by 17% to RUB44.8 billion. Cost of sales increased by 13% to RUB34 billion while gross profit rose by 30% to RUB10.7 billion. Sales profit showed a 1.6-fold increase to RUB7.7 billion, pre-tax profit demonstrated a RUB5.8 billion increase. Accounts receivable at the end of the quarter was …
OPEC Daily Basket Price: Friday, 26 April 2019, Stood at $72.38 a Barrel
Vienna, Austria, 29 April 2019–The price of OPEC basket of fourteen crudes stood at $72.38 a barrel on Friday, compared with $74.04 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 …
Exillon Energy: March Production Report
Exillon Energy plc,, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of March 2019. · Our average daily production[1] was 11,772 bbl/day during the period. · Average daily production for …
TATNEFT: Board of Directors Meeting Held
A regular meeting of PJSC TATNEFT Board of Directors chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on April 26, 2019. Pursuant to the meeting agenda the results of execution of the 1st quarter 2019 budget were presented and the budget for May of …
OPEC Daily Basket Price: Thursday, 25 April 2019, Stood at $74.04 a Barrel
Vienna, Austria, 26 April 2019–The price of OPEC basket of fourteen crudes stood at $74.04 a barrel on Thursday, compared with $73.43 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 …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2019
NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2019 1Q 2018 Oil and gas sales 231,184 …
Russia Will Contribute 47% of Former Soviet Union’s New-Build Gas Processing Capacity Growth by 2023, says GlobalData
Russia will drive growth in Former Soviet Union’s (FSU) gas processing industry from planned and announced plants between 2019 and 2023, contributing around 6,531 mmcfd of the FSU’s total gas processing capacity additions, according to GlobalData, a leading data and analytics company. The company’s report: ‘Gas Processing Industry Outlook in …
NOVATEK and CNODC Sign Entrance Agreement to Arctic LNG 2
PAO NOVATEK announced today at the Second Belt and Road Forum for International Cooperation that China National Oil and Gas Exploration and Development Company Ltd (“CNODC”), a wholly owned subsidiary of China National Petroleum Corporation (“CNPC”), has signed a binding agreement to enter the Arctic LNG 2 project. The binding …
RDCR Well Engineering Forum Continues to Grow
RDCR 2019 welcomed 474 delegates to the Kempinski Baltschug Hotel in Moscow on the 11th April – an increase of 27% on last year. The organisers are proud to boast the highest ratio of Operator to Service company delegates of any forum in the CIS. Interested in the numbers? 141 …
OPEC Daily Basket Price: Wednesday, 24 April 2019, Stood at $73.43 a Barrel
Vienna, Austria, 25 April 2019–The price of OPEC basket of fourteen crudes stood at $73.43 a barrel on Wednesday, compared with $73.37 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 …