2014

For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 3,714.3 thousand tonnes, 5% up versus six months of the last year. In January-June 2014, overall gas production amounted to 4,659.5 million cubic meters. For the year to date, in-house drilling reached 2,076.5 thousand meters of rock including …

Rosneft and ExxonMobil, within the framework of the Sakhalin-1 Consortium, have finished transport operation on transportation and installation of a unique sea drilling platform Berkut, which has the biggest upper part in the world at Arkutun-Dagi on North East shelf of Sakhalin Island. The adjustment works will be finished in …

Companies signed contracts for long-term operation of three vessels for the Sakhalin-2 project. Sakhalin Energy and Sovcomflot have signed contracts for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve the Sakhalin-2 offshore energy platforms. Operations under the contract will continue for 20 years.  The vessels …

On the 14-16 October, the 5th biennial edition of SPE Russian Oil & Gas, Exploration and Production Technical Conference and Exhibition will be taking place at the All-Russian Exhibition Center in Moscow. The organisers are expecting a total attendance of over 3,500 technical professionals and academics, over 100 exhibiting companies will be present and more than …

Russian oil producer Gazprom has replaced Alexander Medvedev as head of its exporting arm, Gazprom Export, with one of his deputies, Elena Burmistrova, as part of steps to increase its share in new and established markets. Medvedev, 58, will continue in his role as a deputy CEO at Gazprom, the …

An important European national oil and gas company successfully drilled the first complete Dopeless technology well in Alaska in March 2014. The operation took place at Alaska’s North Slope, located on the northern part of the Brooks Range on the coast of the Arctic Ocean. Due to the extreme environment …

Yesterday, the Board of Directors of JSOC Bashneft took a decision to increase the Company’s authorized share capital through a public offering of up to 37 million additional ordinary shares. The Board of Directors approved the share issue decision and the prospectus, while also giving their approval for a possible inclusion of Bashneft’s shares in Moscow Exchange’s First Tier quotation list The Board of Directors approved …

Moody’s Investors Service has today changed to positive from stable the outlook on the Ba2 corporate family rating (CFR) of OJSC Bashneft, following robust improvements to the company’s business profile alongside a fairly stable financial profile over the past 24 months. Concurrently, Moody’s has affirmed the rating Ratings rationale Today’s outlook change reflects Moody’s view that Bashneft’s business profile has strengthened …

The Annual General Meeting of Open Joint-Stock Oil and Gas Company Slavneft’s (hereinafter referred to as OAO NGK Slavneft) Shareholders was held in Moscow on June 30, 2014. The Company’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting.  The shareholders resolved to …

The head of Gazprom Alexey Miller has announced that “Power of Siberia pipeline and export supplies to China were planned only for Gazprom resource base”. This position is completely different from the target of developing Siberia and Far East regions and openly contradicts the current legal system. The argument of …