Rosneft Files Joint Bid with ExxonMobil for Mozambique License Round
RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited filed joint bids to participate in the fifth license round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). The global partnership of the companies is of a strategic nature. Rosneft and ExxonMobil …
NOVATEK Announces Consolidated IFRS Results for Second Quarter and First Half 2015
OAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and six months ended 30 June 2015 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles) 2Q2015 2Q2014 1H 2015 1H 2014 111,574 87,881 Oil and gas …
Alexey Lisovenko is Appointed Chief Financial Officer of Bashneft
the Board of Directors of PJSOC Bashneft has approved the appointment of Alexey Lisovenko as Vice President for Economics and Finance and Chief Financial Officer of the Company. Alexey Lisovenko has replaced Denis Stankevich, who took up the post of Bashneft’s First Vice President for Refining and Commerce in May this year. Alexey Lisovenko was born in 1972. In 1996 …
Gazprom: To Spend RUB 10.8bn on R&D
The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. Gazprom Group continues earmarking considerable funds for financing research and development (R&D) activities. In 2014 a record-breaking amount in the whole Company history – RUB 10.82 billion – was devoted …
Gazprom: To Spend RUB 10.8bn on R&D
The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. Gazprom Group continues earmarking considerable funds for financing research and development (R&D) activities. In 2014 a record-breaking amount in the whole Company history – RUB 10.82 billion – was devoted …
BP: Q2 Results – A Challenging Environment
BP today reported its results for the second quarter of 2015. Underlying replacement cost profit1 for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second quarter of 2014. The result reflected the impact of continued low oil and gas prices, …
Bashneft: Alexey Teksler Appointed Chairman of the Board
Today, the Board of Directors of PJSOC Bashneft has elected Alexey Teksler, the First Deputy Minister of Energy, as Chairman of the Board of Directors in accordance with a directive from the Government of the Russian Federation. Alexey Teksler was born on January 19, 1973 in Chelyabinsk. In 1995 he …
Statoil: Q2 Results – Earnings After Tax Down 37.5%
Statoil delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported Net income in accordance with IFRS of NOK 10.1 billion, including gains from divestments. “In the second quarter, Statoil delivered encouraging operational performance with good production growth …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …