Gazprom: Exploration Activities Adds Over 800 Billion Cubic Metres of Gas
On the threshold of Gazprom’s annual General Shareholders Meeting the Company’s headquarters hosted today Press Conference “Mineral and Raw Material Base Development. Gas Production. Gas Transmission System Development”. Taking part in the Press Conference were Vitaly Markelov, Deputy Chairman of the Management Committee, Gazprom; Members of the Gazprom Management Committee: Oleg Aksyutin, Dmitry Lyugai, Sergey …
Roxi Petroleum: Galaz Sale to Fund BNG Development
Further to the announcement of 10 February 2015, Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the sale of the Company’s equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co, …
Statoil ASA: Annual General Meeting Approves Q4 Dividend of NOK 1.80 per Share
On 19 May 2015 the annual general meeting of shareholders in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for 2014, as proposed by the board of directors. The annual accounts and the annual report for Statoil ASA and the Statoil group for …
Petrogrand: Announces the Appointment of Lars Vilhelmson as Acting CFO
Petrogrand is pleased to announce the appointment of Lars Vilhelmson as acting CFO. Lars Vilhelmson has previously served as CFO at Petrogrand AB from January 2011 to August 2014. Lars has previously a background as CFO of Cool Carriers AB.
Petrogrand: Completes 49% Acquisition of Ripiano Holdings LTD
Petrogrand is pleased to make its first monthly production and operational update. The Company has completed the acquisition of 49% of Ripiano Holdings LTD. The daily production from Ripiano’s subsidiaries Dinyu LLC and CNPSEI LLC has increased to 1 675 bopd and the Company is reviewing options to further increase production …
KMG EP: Approves the Revision of the 2015 Budget and Business Plan for 2015-2019
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting and the Annual General Meeting of Shareholders (“AGM”) on May 19, 2015. 2015 budget revision The Board of Directors approved the revision of the 2015 budget and business plan for 2015-2019. Production …
Shelton Petroleum: Q1 Results – Turnover and Profit Down, Margin Steady at 7%
Operating margin 7% despite significantly lower oil prices Total revenue for the period: SEK 19 (32) million Operating result for the period: SEK 1 (9) million Operating margin: 7% (29%) Basic earnings per share: SEK 0.04 (0.55) Diluted earnings per share: SEK 0.04 (0.53) Oil production Q1 2015 Q1 2014 …
Terneftegas Launches the Termokarstovoye Field
OAO NOVATEK announced today that Terneftegas, a joint venture between NOVATEK (51%) and Total (49%), formally launched the Termokarstovoye gas and gas condensate field into commercial production. The field is expected to reach its planned daily production level equivalent to approximately 2.4 billion cubic meters of natural gas and 0.8 …
Rosneft Sets Another Drilling Speed Record
Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. 2849 m – deep controlled directional well No.2948 was drilled in 7.5 days with the drilling speed of 11441 MTR/RIG per month. This rate extends the uppermost figures …
Gazprom Neft: Reports IFRS Financial Results For 1Q 2015
Gazprom Neft has published its consolidated financial results for 1Q 2015, prepared in accordance with International Financial Reporting Standards (IFRS). The increase in crude oil production and product sales via premium channels drove an 11.1% (93.4 RUB bln) increase year-on-year in adjusted EBITDA*. Lower global prices for crude and oil …