Exillon Energy: Preliminary Unaudited Results for the Year ended 31 December 2012
Exillon Energy plc, a London listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today issues its preliminary unaudited results for the year ended 31 December 2012. From the Chief Executive · Production up 45%, exceeding 16,000 bpd in December · EBITDA …
Roxi Petroleum: NK-12 Spudded and Test Flowing at 117 Bopd
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with developments at its Galaz asset. Galaz Well NK-12 was spudded on 23 November 2012 at Roxi’s NW Konys asset (Galaz), where Roxi has a 34.22 per cent interest. Roxi is …
Tatneft: Q1 Figures and Update
Crude Oil Production The amount of 2,000,010 tons of crude oil was produced at the JSC TATNEFT in February with the above-the-plan production in the amount of 51,390 tons. 4 208 954 tons of crude oil were produced during two months with the above-the-plan production amounting to 102,914 tons (102.5 …
Novatek Financial Results: Profit up 22.6% Sales up 9.7%
OAO NOVATEK today released its audited consolidated financial statements for the years ended 31 December 2012 and 2011 prepared in accordance with the International Financial Reporting Standards. Total revenues grew by 20.4% year-on-year to RR 211.0 billion for the twelve months ended 31 December 2012 from RR 175.3 billion in …
JewelSuite 3D Geomechanics Software Delivers Full-Field 3D Complex Reservoir Models
High-resolution 3D capabilities enrich field development strategies Baker Hughes has announced the availability of its JewelSuite™ 3D geomechanics software system, designed to promote better complex field development strategies by enabling users to quickly and accurately predict full-field geomechanical behavior under drilling, stimulation and production scenarios. These strategies are essential in …
Alexander Dyukov Elected Chairman of Slavneft’s Board of Directors
On March 5, 2013, the new membership of Slavneft’s Board of Directors elected Alexander Dyukov, Chairman of the Management Board, General Director, OAO Gazprom Neft to be the new Chairman of the Board of Directors of OAO NGK Slavneft. At this position he replaced German Khan, Executive Director, OJSC TNK-BP …
Tatarstan President Inspected Associated Gas Operated Power Generating Plants
JSC TATNEFT jointly with ZAO “Tatex” continues the work aimed at ensuring the rational use of associated petroleum gas (APG). The second program to improve efficient produced gas utilization is being implemented in TATNEFT. In the framework of this program Capstone micro-turbine power plants are implemented. Rustam Minnikhanov, President of …
LUKoil Net Income Reaches Record $11.0bn in 2012
LUKOIL has published consolidated US GAAP financial statements for 2012. The Company’s 2012 net income rose by 6.2% and reached record $11,004 million. EBITDA (earnings before interest, taxation, depreciation and amortization) rose by 1.7% and reached $18,915 million. Sales revenues were $139,171 million (+4.1% y-o-y). The Company’s strict financial discipline …
Repsol and Alliance Oil have Commenced Gas Production from the Syskonsyninskoye Field
Repsol and Alliance Oil have begun commercial gas production from the Syskonsyninskoye (SK) field in the Khanty-Mansiysk region of Russia, marking the first success of the A&R Oil and Gaz BV (AROG) joint venture created to explore for and produce hydrocarbons in Russia. Initial daily gas production is 855,000 cubic …
Dockwise applies for delisting from Euronext
Reference is made to the Offer Document and the press release of 8 February 2013 in which Boskalis Holding B.V., a wholly-owned subsidiary of Boskalis, launched a mandatory cash offer for all issued and outstanding ordinary shares of Dockwise at an offer price of EUR 18.50/ NOK 137.65 per Share …