RussNeft: Shareholders Profit Grew by 85%
The profit attributable to the shareholders grew by 85% and made up 15 bn Rub. The revenue of the Company for the reporting period increased by 38%, up to 177.8 bn Rub., EBITDA grew by 62%, to 48.6 bn Rub. The company reports its revenue increase was mainly driven by …
The Collective of the Year 2018
In the category “The Collective of the Year 2018”, the Khanty-Mansiysk Branch of the Company was pronounced the winner. The Production Costs Optimisation Programme has been successfully operated by the Company and its subsidiaries for the second consecutive year. As a result of implementation and development of the Programme, the …
RussNeft: Employees Ideas Delivers Benefits of Over RUB 200 mln
For the second consecutive year, the Production Costs Optimisation Programme has been successfully operated by the Company and its subsidiaries. As a result, a database of considered ideas is gradually formed and updated, the expertise in implementation of technical measures, organizational and administrative solutions are accumulated. Within the programme framework, …
RussNeft: Issues ISFR Financial Results for 2018
PJSC “RussNeft” (hereinafter referred to as RussNeft or the Company) (MOEX: RNFT), issues an audited consolidated financial report for the year ending December 31, 2018, prepared in compliance with International Standards of Financial Reporting (ISFR). Highlights: EBITDA grew by 62% in 2018 to 48.6 bn Rub. Adjusted profit[1] made up 16.8 …
RDCR 2019: 1 Week to Go!
In a first for us here at TMG Worldwide and the organising committee of the RDCR Well Engineering Forum – we are as of today forced to close registration for new delegates. The response and requests for delegate registration has been a surprise even to us, and with 480 delegates …
Roxar Became Gold Sponsor of the SPE Russian Petroleum Technology Conference
Roxar became a Gold Sponsor of the upcoming 2019 SPE Russian Petroleum Technology Conference that will take place 22–24 October 2019 in Moscow, Russia. SPE would like to express its gratitude and appreciation to Roxar for support and cooperation! The SPE Russian Petroleum Technology Conference is the largest oil and …
Orenburgneft entered in the commercial development of three new fields
JSC “Orenburgneft”, a subsidiary of Rosneft, has started commercial operation of three new oil fields in the South Orenburgskoy region – Bolotovskogo, Eastern and South — Bolotovskogo. Their initial recoverable reserves of AV1B2 categories are 5.4 million tons of oil. The introduction of new fields is part of a large-scale …
Gazprom Neft expands oil production in the Kurdistan Region of Iraq
Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has commissioned a third production well at its Sarqala field in the Kurdistan Region of Iraq (KRI) Potential production at this new well is estimated at 12,000 barrels per day. Cumulative daily oil production at the field following the commissioning of the Sarqala-3 well has increased by 25 percent reaching 35,000 barrels. The well …
OPEC Daily Basket Price: Wednesday, 3 April 2019, Stood at $69.12 a Barrel
Vienna, Austria, 4 April 2019–The price of OPEC basket of fourteen crudes stood at $69.12 a barrel on Wednesday, compared with $68.83 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
Dow completes separation from DowDuPont
Dow completes separation from DowDuPont Becomes a more focused and streamlined materials science company Launches with global scale and leading positions in three attractive consumer-driven segments: packaging, infrastructure and consumer care Begins regular way trading on April 2 under the “DOW” ticker symbol April 1, 2019 – Today Dow …