Russia’s Rosneft sees 2023 profits soar to $14 billion
Russia The company said it intends to expand its gas production – which stood at 92.7 bcm (3.27 tcf) in 2023 – in the face of restrictions on oil, according to a report by Reuters on Tuesday. It was not clear if the company believed it would be able to supplant previous oil exports with gas exports in the future.
Rosneft also reported a drop in its unit cost of hydrocarbons production, with CEO Igor Sechin citing “strict cost control and work to improve efficiency.”
Recent Posts
Subsea7 unveils contract win in Turkish Black Sea
Subsea7 on Friday announced the award of a contract valued at up to USD 500 million to the Subsea Integration… Read More
Sharjah’s SNOC acquires stake in Eni block in UAE
Sharjah National Oil Corporation has acquired a 30% participating interest from Eni in a block in Ras Al Khaimah, UAE,… Read More
GeoPark signs offtake deal with Vitol in Colombia
Colombia-based GeoPark has signed an offtake and prepayment agreement with Dutch commodities trading firm Vitol for a minimum of 20,000… Read More
Nigeria launches bid round for 12 oil and gas blocks
Nigeria has opened a bid round covering 12 onshore and deepwater oil and gas blocks, Reuters reported on Wednesday Read More
ADNOC signs 15-year LNG supply deal with EnBW
ADNOC has signed a 15-year heads of agreement for the supply of 600,000 tpy of LNG to German energy company… Read More
TotalEnergies, ConocoPhillips reach first oil at Norway project
TotalEnergies and ConocoPhillips have reached first oil production at the North Sea's USD 1 Read More