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The President of Russia, Vladimir Putin, has signed an executive order granting awards to several employees of Lukoil Group, the company revealed this week.
The President of Russia, Vladimir Putin, has signed an executive order granting awards to several employees of Lukoil Group, the company revealed this week.
An award ceremony will take place within the framework of celebrations of Lukoil’s 30th anniversary, the company outlined. The full list of awards can be seen below:
Order of Honor - Lukoil first executive vice president Vadim Vorobyov, Lukoil vice president for economics and planning Gennady Fedotov, Lukoil Nizhegorodnefteorgsintez LLC general director Andrei Bogdanov, Lukoil Nizhnevolzhskneft LLC general director Nikolai Lyashko
S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited.
S.N.G.N. Romgaz S.A. has revealed that its board of directors has endorsed a binding offer to acquire all shares issued by ExxonMobil Exploration and Production Romania Limited, representing 100 percent of the share capital.
In a statement posted on its website, Romgaz outlined that the offer was made on March 30, following a letter sent by ExxonMobil Upstream Business Development on February 15, which notified that the deadline for buyers to submit a binding offer was March 31. The offer and the conclusion of the transaction to acquire all shares are conditional upon approval of the extraordinary general meeting of the shareholders of S.N.G.N. Romgaz SA, in line with the laws and Romgaz articles of incorporation, Romgaz noted.
Tullow has sold its assets in Equatorial Guinea to Panoro Energy.
Tullow Oil plc (OTCMKTS: TUWOY) reported Wednesday that it has completed the sale of its assets in Equatorial Guinea to Panoro Energy ASA, having received an $88.8 million payment from the buyer.
“Although Tullow will continue to have a financial link to the assets in Ceiba and Okume fields, the closing of this transaction marks Tullow’s exit from its licenses in Equatorial Guinea after 18 years,” the company noted in a written statement emailed to Rigzone.
According to Tullow, the Panoro transaction also includes contingent cash payments of up to $16 million linked to asset performance and oil price. The seller also stated the transaction’s closure follows approvals from Equatorial Guinea’s government, Tullow and Panoro shareholders, and other parties.
The U.S. called Saudi Arabia on the eve of an OPEC+ meeting to highlight the importance of affordable energy , adding another element of uncertainty into the group s decision on production cuts.
(Bloomberg) The U.S. called Saudi Arabia on the eve of an OPEC+ meeting to highlight the importance of “affordable energy,” adding another element of uncertainty into the group’s decision on production cuts.
The cartel is heading into Thursday’s talks with several options up for discussion, including maintaining its existing production cuts or making a modest increase, delegates said. Rhetoric from the cartel’s top official had indicated a cautious approach, focusing on the fragility of demand and the risk of a Covid-19 resurgence.
by Bloomberg
|Thursday, April 01, 2021
Exxon Mobil Corp. expects first-quarter earnings to be reduced by as much as $800 million.
(Bloomberg) Exxon Mobil Corp. expects first-quarter earnings to be reduced by as much as $800 million due to the deep freeze that plunged Texas into darkness last month.
Even so, the oil giant probably returned to profit after four straight losses. Rebounding oil and natural gas prices increased earnings by as much as $2.7 billion while improved refining and chemical margins added up to $1.1 billion, the Irving, Texas-based company said Wednesday in a filing.
The Arctic blast in Texas wreaked havoc on gas and power markets, minting winners and losers among energy suppliers. Electricity retailers including Just Energy Group Inc. and Griddy Energy LLC declared bankruptcy, while oil producer California Resources Corp. said its gas trading business generated a profit as a result of the storm.