OPEC Daily Basket Price: Thursday, 14 February 2019, Stood at $64.28 a Barrel
Vienna, Austria, 15 February 2019–The price of OPEC basket of fourteen crudes stood at $64.28 a barrel on Thursday, compared with $62.94 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), …
Gazprom and Uniper Discuss Gas Supplies and Nord Stream 2
The parties discussed ongoing and future cooperation, including Russian gas supplies to Germany. It was noted that the amount of gas exports to the country was maintained at the level of the previous year due to warm February weather. Between January 1 and February 12, Gazprom delivered an estimated 7.7 billion cubic meters of gas to Germany, an increase of 0.7 per cent against …
Eni: Full Year 2018 and Fourth Quarter Results
Yesterday, Eni’s Board of Directors approved the Group results for the full year and the fourth quarter of 2018 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked: “2018 was a strong year for Eni both financially and operationally, which was characterized by a robust fourth quarter performance. We …
BP Energy Outlook for 2019
The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid …
Urals Energy: Shareholder Update, Resignation of Nominated Adviser and Suspension of Trading on AIM
The board of Urals Energy PCL, the independent oil and gas exploration and production company with operations in Russia, is providing an update for its shareholders in respect of the Group’s operational and financial position, the resignation of the Company’s nominated adviser and the suspension of trading in the Company’s …
KPO Announces 2018 Performance Results
Karachaganak Petroleum Operating B. V. (KPO) has announced its performance results for 2018. In 2018, KPO managed to reach record production levels of 148 million boe (barrels of oil equivalent) of stabilized and unstabilized liquid hydrocarbons, raw and fuel gas. 8.6 billion cubic metres of gas, which is approximately 45.4 …
OPEC Daily Basket Price: Wednesday, 13 February 2019, Stood at $62.94 a Barrel
Vienna, Austria, 14 February 2019–The price of OPEC basket of fourteen crudes stood at $62.94 a barrel on Wednesday, compared with $61.88 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 and Colombia Lead Global Oil and Gas Discoveries, During Q4 2018
Russia and Colombia had the highest number of oil and gas discoveries amongst a number of key countries with three each in Q4 2018, according to leading data and analytics company GlobalData. Russia had two natural gas discoveries in the West Siberian basin and an oil discovery in the Okhotsk …
U.S. Investors Bought Almost Half of Gazprom’s Eurobond – JP Morgan
Russian gas giant Gazprom sold almost half of its $1.25 billion Eurobond issue to U.S. investors, Yan Tavrovsky, head of JP Morgan in Russia and CIS, told Reuters on Monday. JP Morgan was one of the organisers of the deal. * Last week, Gazprom placed the 7-year Eurobond with a …
Shell Leads Global New-Build Capex Outlook on Planned and Announced Upstream Projects to 2025
A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025. Royal Dutch Shell Plc leads among all oil and gas companies and is expected to spend US$54.6bn on upcoming upstream projects during the forecast period, …