Tag Archives: Neftegaz.RU

In the IEA’s “net-zero emissions by 2050 scenario”, fossil fuels make up slightly more than one-fifth of total energy supply, down from almost four-fifths today. Supplies would become increasingly concentrated with a small number of low-cost producers. OPEC’s share of a much-reduced global oil supply grows from around 37% in …

Prior to the pandemic, Russia was producing 560 million tonnes of oil, a rate of around 11.3 million bpd, hitting record levels in 2019, Polprice anaylsed. However, in 2020, production levels decreased for the 1st time in over a decade as Russia agreed to cut production alongside OPEC+ countries to …

Gazprom has been working consistently for many years to reduce its environmental impacts and increase energy efficiency. In 2020, Gazprom implemented the planned environmental protection measures and achieved its corporate environmental targets. In 2020, the company reduced the emissions by 16 million tons of CO2 equivalent (14 %) against the …

Gazprom Neft succeeded in cutting energy, heating and fuel costs across its directly owned refineries (in Moscow and Omsk) throughout 2020, with energy-saving initiatives delivering savings of RUB 400 million ($5.4 million). Gazprom Neft’s Moscow and Omsk refineries implemented a total 40 energy-saving initiatives in 2020. The Moscow Refinery has …

Russia’s oil production declined last year for the 1st time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus. According to an article by Reuters, Russian oil and gas condensate output declined to 10.27 million barrels …

A large oil field has been discovered in the Mangistau region. According to experts, this is the largest field of hydrocarbons found in the region over 30 years of Kazakhstan’s independence. It was reported by the local Kazpravda with reference to the press service of the regional government. A new …

German and French leaders took part in a virtual meeting on security policy and cooperation. Angela Merkel noted the importance of the gas pipeline for her country, which will soon complete the transition from coal and nuclear energy to renewable sources. Germany has set ambitious emissions-cutting goals that involve the …

Russian and UK oil giants signed a strategic collaboration agreement on carbon management and sustainability activities. Rosneft and BP will also jointly evaluate new projects envisaging the use of renewables, opportunities for carbon capture, utilisation and storage, as well as developments for hydrogen. Rosneft CEO Igor Sechin said:‎ • Joint …

The Gazprom Neft ’s “Green Seismic” and “Green Seismic 2.0” projects won the “Science for Ecology” nomination, awarded the Vernadsky National Ecological Prize. The purpose of the ecological prize is to recognise and popularise completed projects in environmental protection. This technology is widely used throughout the company in investigating heavily …

The Russian government has approved the participation of the China Petroleum & Chemical Corporation (Sinopec) in a large petrochemical project. Thus, the Cabinet, led by Michail Mishustin, is acting in accordance with Moscow’s strategy of establishing closer economic relations with Beijing. As per a framework agreement signed by the parties …