PetroNeft Resources: Third successful well drilled at South Arbuzovskoye
PetroNeft (AIM: PTR) an oil & 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 completion of a successful three well initial development programme on the southern extension of Arbuzovskoye in Licence …
Petroneft Resources: 2015 Final Results – 11 Wells Drilling, 11,000km of 2D Seismic Acquired
PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2015. In addition, PetroNeft announces that the Company’s Annual Report and Accounts for 2015 and Notice of the 2016 AGM will be …
Tethys: Planning for Kazakh Growth
Tethys Petroleum Limited today provided a Corporate Update to shareholders. – Olisol Transaction Update – US$10 million loan facility in Kazakhstan – Forward Work Program Olisol Transaction Update Following on from the Shareholders Meeting where shareholders approved the proposed Olisol Transaction the Company has engaged a law firm in Grand …
Yermak Neftegaz: Formed By BP and Rosneft to Explore the Yenisey-Khatanga Basins
Rosneft and BP have today signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation. The document was signed at the XX St. Petersburg International Economic Forum (SPIEF) by Rosneft CEO Igor Sechin …
Gazprom Actively Pursuing Ambitious Eastern Projects
The Gazprom in Eastern Russia, Entry into Asia-Pacific Markets Press Conference was held at the Company’s headquarters today in the lead-up to the annual General Shareholders Meeting. The Press Conference featured Deputy Chairmen of the Gazprom Management Committee Vitaly Markelov and Alexander Medvedev, Members of the Gazprom Management Committee and Department Heads Oleg Aksyutin, Vyacheslav Mikhalenko and Vsevolod Cherepanov, Department Head Pavel Oderov, and Gazprom Export Director General Elena …
LUKOIL: Spuds First Development Well at the Vladimir Filanovsky Field
Today President of PJSC LUKOIL Vagit Alekperov and Governor of the Astrakhan Region Alexander Zhilkin visited Vladimir Filanovsky field in the Caspian Sea where development drilling has just begun. The well is being drilled from an ice-resistant fixed platform (LSP-1). First commercial production at the field is scheduled for the …
Gazprom and LUKOIL Continuing Strategic Co-operation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place at the Company’s headquarters today. The parties noted the strategic nature of the companies’ cooperation. The topics covered at the meeting included the implementation of the long-term contract for purchasing …
$2 BLN for RussNeft
Mikhail Gutseriev’s oil company plans IPO at Moscow Exchange. According to RBC information, RussNeft oil company, owned by Mikhail Gutseriev and his family, intends the IPO with the listing of 25 to 49% of shares by the end of the year at Moscow Exchange. PLANNING THE TRANSACTION Mikail Shishkhanov, B&NBANK President …
Rosneft: Financial results for Q1 2016
Generating FCF at RUB 80 bln, high operating cash flow at RUB 234 bln, with average Urals price at 32 USD/bbl Increase in EBITDA margin up to 26% in conditions of crude oil price decline Decrease in lifting costs per unit by 1.3% to 155 RUB/boe with CPI exceeding 7% …
LUKOIL Published IFRS Consolidated Financial Statements for 1Q 2016
Today LUKOIL published IFRS consolidated financial statements for 1Q 2016. Revenue was RUB 1,178 bln, EBITDA was RUB 145 bln, Profit for the period was RUB 43 bln. Excluding FX effect, EBITDA and Profit for the period were RUB 191 bln and RUB 79 bln, respectively. Capital expenditures for 1Q …