BP Energy Outlook: Transition to a lower carbon future
Despite current weakness in global energy markets and the slowdown in China’s growth, demand for energy will continue to grow over the next 20 years and beyond as the world economy expands and more energy is required to power the higher level of activity. According to the 2016 edition of …
Platts: Sanctions Not Affecting Russia As Deeply As Planned – Drilling Volumes Up Significantly
International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be, and could in fact have played a key role in helping the Russian oil sector to not only handle the sharp price drop over the last year and a half, but …
Exillon Energy: January Average Daily Production at 15,094 bbl/day
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of January 2016 (“the Period”). · Our average daily production[1] was 15,094 bbl/day during the …
Lukoil: Proven Reserves Affected By Lower Oil Price
PJSC LUKOIL finished an evaluation and independent audit of its oil and gas reserves as of December 31, 2015. The evaluation was performed in accordance with the US Securities and Exchange Commission (SEC) standards until the economic limit of commercial production is reached. The audit results by Miller and Lents, …
Surgutneftegas: January Production up 10.5% Yoy
In January 2016, Surgutneftegas produced 5,209.7 thousand tonnes of crude oil. Within the first month of the current year crude output in the Republic of Sakha (Yakutia) reached 727.2 thousand tonnes, a 10.5% increase from January last year. In January 2016, gas production in Surgutneftegas amounted to 833.8 million cubic …
Rosneft and Statoil Commence Well Testing at the North-Komsomolskoye Field
Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field. The companies are implementing pilot operation of the horizontal wells constructed using best practices related to inflow control and consolidation of entrained solids. Average starting flowrate amounts to75 t …
Tethys Petroleum: Olisol Petroleum – Funding Update
Tethys Petroleum Limited today provided an update on the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited, a wholly owned subsidiary of Olisol Investments Limited (together with OPL, “Olisol”). Following the Company’s announcement on 22nd January 2016, Tethys received a further US$1 million on January 28th, 2016. …
BG Group: 2015 Fourth Quarter and Full Year Results
BG Group plc reported its 2015 Fourth Quarter and Full Year Results to the London Stock Exchange at 07:00 (UK time) on Friday 5th February 2016. For a full listing of the results please click here
ConocoPhillips Reports Fourth-Quarter and Full-Year 2015 Results; Lowers Quarterly Dividend and Revises 2016 Operating Plan Guidance
ConocoPhillips (NYSE: COP) today announced it is taking actions to maintain its strong balance sheet in response to both the weak outlook for commodity prices and expected credit tightening across the industry. The actions will position the company to accelerate shareholder value creation as prices recover. Dividend and Operating Plan …
Russian Gas Exports to Austria Grow by 76.2 Per Cent in January 2016
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Reinhold Mitterlehner, Austrian Vice Chancellor. The parties highlighted that the long-term strategic cooperation between Russia and Austria in the oil and gas sector had been successfully developing for many decades. A continuous increase was noted in Russian gas …