Which Russian Oil Companies Have the Most Increase in the Number of Idle Wells
The number of idle oil wells has increased in Russia. According to Bloomberg, their share rose to 18.1% in March from 15.6% in February, the largest since May 2022, when the Russian Federation carried out short-term production cuts amid the first waves of international energy sanctions. Bashneft and Slavneft announced …
Eni launches the World Energy Review 2022
Eni’s 21st statistical review highlights the challenge that the energy industry is facing to improve universal access to affordable energy while, at the same time, accelerating the transition process towards a more sustainable energy mix Eni has released the 21st edition of its annual energy statistics report, available online at …
37th Meeting of the Joint Ministerial Monitoring Committee and the 25th OPEC and Non-OPEC Ministerial Meeting
Thank you for your interest in covering the 37th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 25th OPEC and non-OPEC Ministerial Meeting. In light of the current restrictions and challenges related to the COVID-19 pandemic, please find below some timings that we hope you find useful. 1. …
Rystad Energy: Oil Slips on Covid Vaccine Efficacy Concerns
The looming shadow of the Omicron Covid-19 variant is growing darker over global oil markets today following concerning news regarding vaccine effectiveness from the CEO of Moderna. When the first Covid-19 vaccines were announced to the public, the shots pushed oil prices up, doubling in less than a year, which shows …
Rystad Energy: Oil Recovers as Market Corrects Friday’s Panic Selloff
The emergence of another Covid-19 variant is definitely threatening the level that oil demand has managed to recover to, but Friday’s selloff was erred for the extreme even for a Black Friday sale. Omicron caused a market panic that elicited memories of the April 2020 prince plunge, but now that …
Well Intervention Market Driven by New Oilfield Discoveries and Heavy Investments in Offshore Oil & Gas Assets: Fact.MR Study
A recently published report by market research and competitive intelligence provider, reveals that the global well intervention market is projected to grow at a CAGR of 7% during the forecast period (2021-2031), reaching US$ 14 Bn by 2031. Heavy investments in the discovery of new oilfields reserves on the account …
Rystad Energy: Oil Under Pressure as European Lockdowns Threaten Demand
The collateral damage on oil prices from last week is set to unwind further this week as Germany joins the chorus on calling for tighten restrictions while Europe grapples with a fourth wave of Covid-19 cases. If a new wave of lockdowns are enacted in Europe, oil prices will not …
Gazprom: Prioritizing Employee Health Protection
The Gazprom Management Committee took note of the information about the provision of medical services and health & disease control measures at Gazprom, its subsidiaries and entities. It was highlighted that the protection of employee health is among the priorities of the Company’s social policy. The employees are provided with timely, easily accessible and high-quality medical services and …
Petrosibir: Interim report January – June 2021
Statement from CEO Dear Shareholders, I am pleased to announce the results of the first half of 2021 that was rich with events. In spite of the continuing global COVID-19 pandemic the oil market is recovering with the oil prices reaching pre-crisis levels. The additional production from the new Yanbayskoye …
GECF Expert Commentary – EU Carbon Price and its Impact on Natural Gas Demand
Background The European Union Emissions Trading System (EU ETS) is the foundation on which the EU has set out to achieve its climate change goals. The framework was initiated in 2005 and is the world’s oldest international emissions trading system. It covers about 40% of EU’s greenhouse gas (GHG) emissions …