Eurasia Journal News

JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the three months ended 31 March 2016. ·     KMG EP’s first quarter revenue was 121bn Tenge (US$341m)[1], up 4% year on year. The decline in the average Brent price from US$54 per barrel in …

A Gazprom delegation headed by Alexey Miller, Chairman of the Company’s Management Committee, paid a visit to the Socialist Republic of Vietnam (SRV) today. Hanoi hosted a working meeting between Alexey Miller and Tran Dai Quang, President of Vietnam. The parties discussed the Russian-Vietnamese collaboration in the energy sector. It was emphasized that the bilateral cooperation had great potential for further development. …

JSC KazMunaiGas Exploration Production announces its operating results for the first quarter of 2016. KMG EP produced a total of 3,043 thousand tonnes of crude oil (247 kbopd), which includes the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), almost at the level of the same period of 2015. Ozenmunaigas …

BP today reported its results for the first quarter of 2016. Underlying replacement cost profit1 for the quarter was $532 million, compared with $196 million for the previous quarter and $2.6 billion for the first quarter of 2015. Compared with the previous quarter, lower costs throughout the Group more than …

On April 22, 2016 a scheduled meeting of the Rosneft Board of Directors was held in Moscow to consider issues related to the annual general shareholders meeting of the Company for the year 2015. The Board of Directors resolved to call a Rosneft AGM and hold it in St. Petersburg …

LUKOIL commenced driving in of marine risers at Vladimir Filanovsky field in the Caspian Sea. This operation precedes drilling of development wells. Risers, required to reinforce wellheads, ensure circulation and environmental safety at drilling operations, are driven down in the sea bottom to a depth of 120 meters. Marine risers, …

As a step towards further efficiency enhancement Rosneft announces the optimization of the structure of the central administrative office. The new central administrative office management formula is based on best international practices, reflecting current industry fundamentals and increases management efficiency by consolidating subdivisions’ functions, expanding personal responsibility and reducing of …

PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 and Natlata Partners Limited, PetroNeft’s largest shareholder are pleased to announce they have reached an agreement on a new Board composition and structure. Accordingly, …

Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2015 – a period in which the Company generated its first operating profit. Financial Highlights · Revenues from production increased by 41% to US$28.1 million (2014: US$20.0 million, from …

The Gazprom Board of Directors took note of the information about the Company’s procurement process performance in 2015. It was highlighted that Gazprom had established an efficient vertically integrated procurement system. The system is underpinned by the principles of open information, transparency, promotion of fair competition, and wider and simpler …