Eurasia Journal News

As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK (“NOVATEK” and/or the “Company) and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the …

Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black sea. The water depth at the drilling site reaches 2109 meters. The actual well depth is 5265 meters. Drilling this well discovered a unique carbonate structure with …

The Gazprom Board of Directors approved the Company’s ongoing efforts to improve energy efficiency and reduce greenhouse gas emissions. It was noted at the meeting that, as a result of comprehensive measures taken in 2011–2017 as part of the Energy Saving and Energy Efficiency Concept for 2011–2020, Gazprom had saved 18.9 million tons of fuel equivalent on fuel and energy resources, including 16.2 billion cubic meters of natural …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in Moscow today. The parties discussed ongoing and future cooperation, noting the strategic importance of the Irkutsk Region for Gazprom. The Company is shaping a major gas production center on the basis of the Kovyktinskoye field, which is unique in terms of its …

PetroNeft an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce the details of its 2018 work programme. Highlights Drilling of the Cheremshanskoye No. 4 (C-4) Appraisal Well in Licence 67. Continued testing at …

PAO NOVATEK announced today that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the bid for a geological survey, exploration and production license for the Payutskiy subsoil area. The Payutskiy license area has estimated hydrocarbon resources of 354 million barrels of oil equivalent according to the Russian resource classification system and contains the Nanadyanskoye gas …

HYDROCARBON PRODUCTION ROSE BY 6.5% TO 5.72 MMBOED IN 2017 LIQUIDS PRODUCTION INCREASED BY 7.3% IN 2017 GAS PRODUCTION WAS UP BY 2.0% TO 68.41 BCM IN 2017  LAUNCHING THE KEY PROJECTS ON TIME REFINING QUALITY IMPROVED: LIGHT PRODUCT YIELD REACHING 58.4%, REFINING DEPTH – 75.2%  Upstream Hydrocarbon production reached 5.71 mmboed in …

2017 revenue growth by 20.6% YoY in RUB terms to RUB 6 trillion 2017 EBITDA increase by 9.8% YoY in RUB terms to RUB 1.4 trillion and by 24.4% YoY in USD terms to USD 24 billion 2017 net income growth by 27.6% in RUB terms and by 40.7% in …

The LUKOIL Press Service reports the appointment of Alexander Golovanev, previously First Deputy General Director – Chief Engineer of LUKOIL-Western Siberia (a wholly-owned LUKOIL subsidiary), to the position of General Director of LUKOIL-Komi (a wholly-owned LUKOIL subsidiary). Vice-President of LUKOIL Alexander Leyfrid, former General Director of LUKOIL-Komi, will continue work …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today. The parties discussed the state and prospects of strategic cooperation in the gas sector. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) segment, especially the …