Oil & Gas Operators

PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights  (in millions of Russian roubles except as stated)   FY 2018  FY 2017  Oil and gas sales 825,761 579,819 Other revenues 5,997 …

Vienna, Austria, 20 February 2019–The price of OPEC basket of fourteen crudes stood at $65.79 a barrel on Tuesday, compared with $66.03 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), …

Vienna, Austria, 19 February 2019–The price of OPEC basket of fourteen crudes stood at $66.03 a barrel on Monday, compared with $64.87 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 (Congo), …

The Sakhalin-2 liquefied natural gas (LNG) plant, operated by Sakhalin Energy, was launched in February 18, 2009. In 2010, it reached its full design capacity – 9.6 mln tonnes of LNG per annum. In the years that followed, an ambitious debottlenecking programme helped increase its output capacity by 20%. This …

Alexey Miller, Chairman of the Gazprom Management Committee, and Yan Novikov, Chairman of the Management Board, Director General of the Almaz-Antey Corporation, today at the Russian Investment Forum in Sochi signed a long-term contract for the supply of import-substituting products in the amount equal to guaranteed future purchases. According to the document, the Corporation will set up the batch manufacturing and …

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a working visit to China today. As part of the visit, a meeting between Alexey Miller and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Beijing. The parties reviewed a wide range of issues related to cooperation between the companies, focusing on the ongoing preparations for the …

The agreement envisages new forms of cooperation being developed and implemented between Gazprom Neft and local universities, scientific organisations, and real-sector small and medium-sized enterprises (SMEs).* Cooperation will be based around a “Cross-industry Joint Technology Development Centre” which the company will be establishing in partnership with the Administration and higher educational establishments in Tomsk. The document …

Vienna, Austria, 18 February 2019–The price of OPEC basket of fourteen crudes stood at $64.87 a barrel on Friday, compared with $64.28 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), …

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), …

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 …