GlobalData Analyst: US/EU Sanctions Could Lead to Restructuring of Russian Oil and Gas Industry
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 million barrels per day in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData. …
Alexander Medvedev: Gazprom To Look East
As part of the Sakhalin Oil & Gas 2015 International Conference, Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee delivered today in Yuzhno-Sakhalinsk a report entitled ‘Gazprom Group in Asia-Pacific Gas Markets’. It was noted that price adjustments in the gas markets caused by a drop in oil quotations …
Tethys Petroleum: Clive Oliver Appointed CFO as Denise Lay Steps Down
Tethys Petroleum Limited announces that following the closure of the Guernsey Office, Denise Lay’s employment with Tethys in her position as CFO has ended by reason of redundancy after six years with the Company. Denise was offered the chance to continue in her role as CFO based outside of Guernsey …
Zoltav Resources: Strengths Board Experience and Corporate Governance
Zoltav Resources (AIM: ZOL), the CIS-focused oil and gas exploration and production company, is pleased to announce the appointments, with immediate effect, of Alexander Gorodetsky and Andrey Immel as non-executive directors of the Company. Mr Gorodetsky joins the board as an independent non-executive director and brings to the Company a …
Petroneft Resources: 1H Results – Production Up Over 40%
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 is pleased to report its results for the 6 months ended 30 June 2015. Highlights – Current gross production from Licence 61 is about …
Gazprom and Georgia Discuss Co-Operation in Gas Sector
Brussels hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Kakhaber Kaladze, Minister of Energy and Natural Resources of Georgia. The parties addressed the issues of cooperation in the gas sector, particularly, Russian gas supply to Georgia as well as its transit to third …
Gazprom: Import Substitution Strategy
The Gazprom Board of Directors took notice of the information about the ongoing minimization of dependence on the foreign equipment supply. It was highlighted that the Company had been pursuing a comprehensive import substitution strategy for years. As a result, the share of home-produced equipment accounted for about 95 per …
Roxi Petroleum: 1H Results – Galaz Profit at $19m, Reviewing New Well Construction Bids
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2015. Highlights Operational During the period under review – Deep Well A5: Clean up work largely completed by May 2015 – Deep Well 801: …
Roxi Petroleum: Galaz Money Received – BNG Deep Well 801 – Potential 100m Oil Bearing Interval
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset and on the collection of the outstanding sales proceeds from Galaz. Deep Well 801 Deep Well 801 was spudded on 15 …
Zoltav Resources: Revenues Up Operating Losses Down
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2015. The full report is available to download from the Investor Relations section of the Company’s website at www.zoltav.com. Operational Highlights – Bortovoy · Produced 46.6 million cubic feet …