Oil & Gas Operators

Dear UEPCL shareholders, I, on behalf of JSC Petrosakh as its President, would like to address a number of misleading accusations made by the UEPCL Board of Directors (the “Board”) in various RNS announcements issued on and after 10 October 2018 concerning JSC Petrosakh and its management. First of all, …

The board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, has noticed that an English language statement, that is said to be made on behalf of Mr Sergey Kononov, addressed to the Company’s shareholders (the “Statement”) has been issued on the website of …

Vienna, Austria, 18 December 2018–The price of OPEC basket of fifteen crudes stood at $58.24 a barrel on Monday, compared with $59.07 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 board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Auction commitment to purchase a passenger ship The Board has been made aware of a possible transaction outside of the Group’s ordinary course oil business by Petrosakh, which the …

The production of Azeri-Chirag-Gunashli (ACG) blocks in the Azerbaijani sector of the Caspian Sea in 2019 is expected to remain approximately at the level of 2018. This was stated by BP Azerbaijan Vice President Bakhtiyar Aslanbayli in Baku on December 13. “In 2019, the production at the Azeri-Chirag-Guneshli field is expected …

The Board of Directors (the “Board”) of PAO NOVATEK (“NOVATEK” and/or the “Company”) has made the following decisions: Starting from 14 January 2019, the Company’s Board has elected Evgeny A. Kot (Deputy Chairman of the Management Board – LNG Director) to NOVATEK’s Management Board; and The Board of Directors approved …

Chevron announced last week its capital and exploratory budget for 2019, which sees the first annual increase in spending since the 2014 oil price crash. While most of the investment is geared toward short-cycle projects that could start bringing in cash flows within two years, the U.S. supermajor continues to channel a significant portion …

The technology of using microdispersed silicate gel (MDS) developed by TATNEFT Company’s TatNIPIneft experts allowed producing additionally more than 250 thousand tonnes of crude oil. The use of surface-active substances (surfactants) and polymers that contribute to enhanced oil recovery is one of the areas of the TatNIPIneft scientific activity. Crude …

Vienna, Austria, 17 December 2018–The price of OPEC basket of fifteen crudes stood at $59.07 a barrel on Friday, compared with $58.67 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), …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, President and Chief Operating Officer of Itochu Corporation, took place in St. Petersburg today. In the course of the meeting, Gazprom and Itochu Corporation signed a Memorandum of Understanding on the Baltic LNG project. With this document, the parties confirmed their interest in potential cooperation in the framework of the …