Oil & Gas Operators

Vienna, Austria, 22 March 2019–The price of OPEC basket of fourteen crudes stood at $67.78 a barrel on Thursday, compared with $67.54 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), …

Kazakhstan has renamed its capital Astana to Nur-Sultan to honour outgoing leader Nursultan Nazarbayev, who unexpectedly resigned on Tuesday. The change was announced after Kassym-Jomart Tokayev was sworn in as president, promising to seek his predecessor’s opinion on key decisions. Mr Nazarbayev, 78, served nearly 30 years as leader of …

The Outlook revision reflects Russneft’s decreasing leverage, driven by improved per-barrel profitability on the back of higher oil prices and more production coming from depleted and hard-to-recover reserves, Fitch said. Russneft’s funds from operations net leverage (adjusted for operating leases and including long-term prepayments and preferred stock) fell to 3.4x …

Vienna, Austria, 20 March 2019–The price of OPEC basket of fourteen crudes stood at $67.25 a barrel on Tuesday, compared with $66.87 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), …

ALMATY (Reuters) – Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday after three decades in power, saying his oil-rich Central Asian nation now needed “a new generation of leaders”. Kazakhstan’s President Nursultan Nazarbayev writes during a televised address to inform of his resignation in Astana, Kazakhstan March 19, 2019. Kazakh …

Vienna, Austria, 19 March 2019–The price of OPEC basket of fourteen crudes stood at $66.87 a barrel on Monday, compared with $66.91 the previous Friday, 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 …

Oil production in Kazakhstan will decrease in 2019, said Kazakh Minister of National Economy Ruslan Dalenov, Kazinform correspondent reports. “Oil production will decline by 1.4 million tons YOY or 1.5 percent: 90.4 million tons in 2018 and 89 million tons in 2019. This causes lower growth paces in the mining …

Gazprom Neft has concluded a tripartite Cooperation Agreement with Politecnico di Torino* and the Peter the Great St Petersburg Polytechnic University (Polytech) — the signatories to this document being Vladislav Baryshnikov, Deputy CEO for International Business Development, Gazprom Neft; Vitaly Sergeev, Vice-Rector for Research, the Peter the Great Polytechnic University; and Patrizia Lombardi, Pro-Rector, Politecnico …

Kazakhstan will shut production at its giant Kashagan oil field next month, bringing its production into compliance for the six months of the promised cuts under the OPEC/non-OPEC supply accord, energy minister Kanat Bozumbayev said Sunday. The average production over the six months will meet the commitment, as Kazakhstan will reduce …

Vienna, Austria, 18 March 2019–The price of OPEC basket of fourteen crudes stood at $66.91 a barrel on Friday, compared with $67.29 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 …