2014

OAO NOVATEK today released its audited consolidated financial statements for the years ended 31 December 2013 and 2012 prepared in accordance with the International Financial Reporting Standards (“IFRS”). Total revenues grew by 41.3% year-on-year to RR 298.2 billion for the twelve months ended 31 December 2013 from RR 211.0 billion …

On 22 January 2014, Shelton Petroleum AB submitted a public offer to the shareholders of Petrogrand. The Board of Directors of Petrogrand has engaged ABG Sundal Collier Norway ASA “ABG Sundal Collier” for making an independent valuation of Shelton Petroleum AB and its assets. ABG Sundal Collier is considered the …

On 21 February 2014, it was communicated to the market that Petrogrand AB had entered into a collaboration agreement with Gazprom Neft. Neither the contract negotiations with Gazprom Neft, the agreement itself nor the press release have been authorized or decided by the Board of Directors of Petrogrand. The referred …

Consolidated revenues for the fourth quarter of 2013 were US$310.4 million as compared to US$321.2 million for the third quarter of 2013. Operating profit for the fourth quarter was US$89.2 million, a decrease of US$3.7 million compared to the third quarter operating profit of US$92.9 million. Highlights – North Atlantic …

Vagit Alekperov, OAO LUKOIL President, participated in the ceremony dedicated to the start of production drilling at the Imilorsko-Istochniy license area today. The prompt launch puts the Company considerably ahead of schedule in the  implementation of the Early Oil project at the Imilorsko-Istochniy license area.The original plan was to start …

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has received official confirmation that its pipes made of the Company’s Russian-produced billets are eligible for use by Iraq’s South Oil Company (SOC). Last year SOC’s engineers visited TMK’s Russian facilities to get an …

Yandex.Terra (Seismotech, Ltd) and Ingenix Group® (GPB-Resource, LLC) companies signed a partnership agreement. The purpose of the agreement is to unite resources and technologies for increase in productivity and improving of the quality of seismic data processing and interpretation. The cooperation includes joint execution of works and complex provision of services …

On the 22nd of February, 2014 Atos, a leading European IT services provider and Worldwide IT Partner for the Olympic Games, Gazprom Neft, one of Russia’s leading oil producers, and SIBUR, Russia’s leading petrochemical Group, have signed a Memorandum of Understanding for a long term strategic partnership in IT services. As part of the strategic partnership Atos will invest in the development of ITSK, an IT …

Sochi hosted today the signing of a memorandum-roadmap between Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell. The document envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin II project. “The global LNG market is booming – primarily in Asian countries. Novel LNG …

Rosneft President, Chairman of the Management Board Igor Sechin and Mitsui & Co., Ltd. President and CEO Masami Iijima signed a Memorandum of Understanding. The document implies the creation of a joint working group in order to work out specific options of cooperation in the area of building and managing …