RUSSIAN OIL PRODUCTION: 10.91 MBD
REUTERS - Russian oil output stood at 10.91 million barrels per day (bpd) in September, unchanged from August and staying at a low for the year, Energy Ministry data showed on Monday after output was disrupted by maintenance works at some sites.
In tonnes, total output in the month of September reached 44.639 million versus 46.144 million in August, which is one day longer.
The daily rate in September and August was the lowest level of output since it slipped to 10.71 million bpd in August 2016.
It is down 3 percent from the October 2016 level, the benchmark when a global oil deal was reached on curbing oil production.
The Organization of the Petroleum Exporting Countries, Russia and other producers agreed to cut their combined oil production by almost 1.8 million barrels per day from January in a bid to reduce a supply glut that had driven down prices.
Data from the Russian Energy Ministry showed an output fell by 39 percent in September from August at the oil projects run by foreign majors under production sharing agreements (PSA).
Russian Energy Minister Alexander Novak has said the ExxonMobil-led Sakhalin-1 project underwent a maintenance last month.
All Russian majors boosted output in September from August.
Production by Rosneft , the world's largest listed oil producer by output, rose by 1.2 percent to 3.82 million bpd, while output at Russia's No.2 oil producer Lukoil edged up 0.7 percent to 1.64 million bpd in Russia.
Russian oil pipeline exports in September stood at 4.30 million barrels per day, down from 4.34 million bpd in August.
Natural gas production was at 53.69 billion cubic metres (bcm) last month, or 1.79 bcm a day, versus 54.2 bcm in August.
|December, 15, 13:20:00|
|December, 15, 13:15:00|
|December, 15, 13:10:00|
|December, 15, 13:05:00|
|December, 15, 13:00:00|
|December, 15, 12:55:00|
LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.
BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.
ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.