Eurasia Journal News

Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) announced today that the European Commission has cleared the proposed transaction between Baker Hughes and GE’s oil and gas business under EU merger control rules. The companies remain confident in the value that the combined company will deliver to its customers, …

Kazakhstan’s energy ministry said on Tuesday that Tengizchevroil project has suspended operations at Tengiz oilfield after a toxic substance was released, while workers were evacuated. Chevron, ExxonMobil, Lukoil <LKOH.MM and KazMunayGas are partners in the venture, the Central Asian nation’s biggest oil producer. (Reporting by Alla Afanasyeva; writing by Vladimir …

​​​PJSC LUKOIL today released its condensed interim consolidated financial statements for the three months ended 31 March 2017 prepared in accordance with International Financial Reporting Standards (IFRS).​ Financial Highlights  ​ 1Q 2017 4​Q 2016 1Q 2016​​ (RUB bln) Sales 1,431.6 1,40​0.9 1,1​77.7 EBITDA 207.6 183.3 192.0        EBITDA excluding …

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 Moscow today. The meeting addressed a wide range of issues related to bilateral partnership, with a focus on prospects for collaboration under the Agreement of Strategic Cooperation signed by the two companies in 2015. Background Royal Dutch …

Gazprom Neft (the “Company”) today publishes its consolidated IFRS financial statements for Q1 2017.  Net income of RUB 62 bn, a year-on-year increase of 49.1%, driven by strong organic growth and management efficiency initiatives.  Adjusted EBITDA* increased by 22% year-on-year to RUB 118 bn.  Hydrocarbon production, inclusive …

Russia’s Rosneft is ready to resume full oil output quickly once OPEC-led cuts end as the country’s top producer has focused its own cuts on newer fields, its chief executive has said. Those cuts run until June 30, though oil ministers from OPEC and non-OPEC countries meeting in Vienna this …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) notes recent media reports about proceedings against the Company by Lancrenan Investments Limited filed with the Specialized Interdistrict Economic Court of Astana. In its claim Lancrenan Investments Limited challenges the decision of the Nominations Committee and the Board of Directors of …

The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update. Komi Republic The Company announced on 10th April 2017 the spudding of its first well on its Ordymskiy block in the Komi Republic, held by its wholly …

National Oilwell Varco today announced it has broken ground on two manufacturing plants that will significantly strengthen the Company’s market-leading positions in providing composite pipe technologies and tubular coatings within Saudi Arabia. Both facilities will be located at MODON 3 near the city of Dammam. NOV has provided comprehensive tubular …

Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was signed by Rosneft CEO Igor Sechin and Eni CEO Claudio Descalzi in the presence of Russian President Vladimir Putin …