Petrosibir: Operational Update
Petrosibir is pleased to announce the final results of the Sosnovskoye drilling and fraccing campaign and a status update for our Bashkirian operations. Komi The drilling and fraccing campaign at the Sosnovskoye oil field in Komi commenced in 2017 and included a total of six wells. Operations have now been …
Gazprom Leads in Total Production Outlook Among NOCs to 2020, says GlobalData
Among national oil companies (NOCs) considered – Gazprom, Rosneft Oil Company, Statoil, Oil and Natural Gas Corporation Ltd. (ONGC), Ecopetrol SA and Petróleo Brasileiro S.A. (Petrobras), and Petroliam Nasional Berhad (Petronas) – Gazprom has the highest remaining reserves for producing, planned and announced fields, with 84.5 billion barrels of oil …
Petrosibir: Production Report for April 2018
Petrosibir’s total oil production in April 2018 amounted to 43,367 barrels, equivalent to 1,446 barrels per day. The table below summarises the average monthly / daily production in 2017 and the production in 2018 broken down by region. 2017 2018 2018 2018 2018 Average Jan Feb Mar Apr Total production …
Caspian Sunrise: Q1 Weather Slows Progress, BNG Price Per Barrel to Double in Q3
Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news at the BNG Contract Area of progress at its Deep and Shallow Wells. Deep Wells As previously reported we got off to a slow start in January and …
Tatneft: Results of Operations April 2018
Crude Oil Production The enterprises of TATNEFT Croup of Companies produced 2,367 thousand tonnes of crude oil in April 2018, while the production volume for four months amounted to 9,464 thousand tonnes, which was 114 thousand tonnes less than in 2017 In this volume the production of PJSC TATNEFT amounted …
TCO and KPO Plan Maintenance at Tengiz and Karachaganak Oilfields for Aug-Oct 2018
Tengizchevroil (TCO) and Karachaganak Petroleum Operating (KPO) plan to carry out maintenance at their Tengiz and Karachaganak oilfields in Kazakhstan in summer and autumn, respectively, , Kazakhstan’s Energy ministry said on Monday. Oil production at TCO’s Tengiz is expected to fall by around 500,000 tonnes in August and by 380,000 …
Yamal LNG Ships Second Million Tons of LNG
OAO Yamal LNG has shipped the second million tons of LNG produced at its first LNG train. The LNG produced at Yamal LNG commenced shipments from December 2017 utilizing Arc7 ice class carriers each holding 170 thousand cubic meters, or approximately 74 thousand tons of LNG. Yamal LNG reached the …
Glencore Cancels Proposed Sale of Stake in Russian Oil Co.
Commodities giant Glencore says it is terminating a proposed deal to sell nearly all its stake in Russian oil company Rosneft to a Chinese energy company. Baar, Switzerland-based Glencore said Friday that it has sent notice to CEFC China Energy Company Ltd. that the deal has been canceled. Representatives from …
GlobalData: Russia’s New NDM Tax Scheme Scope is Limited
The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company. In April 2018, Russia’s Ministry of Energy proposed widening the application of the pilot scheme for an NDM system on oil …
RussNeft: First Quarter Results
The revenue of RussNeft in the first quarter amounted to RUB 38.326 billion versus RUB 28.438 billion YOY. Cost of sales grew by 32% to RUB 30.101 billion. Profit on sales rose by a factor of 1.8 to RUB 4. 909 billion. Profit before tax showed an 11%-increase and amounted …