Gazprom: Looking At More Stock Exchange Listings
The Board of Directors took note of the information about Gazprom’s activities aimed at gaining new stock markets for the Company’s shares. At present, Gazprom’s shares are listed on the Moscow and Saint Petersburg Exchanges as well as Russia’s over-the-counter market. The Global Depositary Receipts (GDRs) against the Company’s shares are traded on the London, Berlin and Frankfurt …
Arcticgas Launches the Yaro-Yakhinskoye Field
OAO NOVATEK announced today that Arcticgas (a joint venture between NOVATEK and Gazprom Neft) launched the Yaro-Yakhinskoye field, which is the third field launched into commercial production by this joint venture. Thirty-seven (37) gas condensate wells have been drilled and the field’s infrastructure also includes a gas gathering network, a …
Rosneft: Q1 Gas Production Up 19.7%
Consolidated Rosneft gas production in the first quarter increased by 19.7% compared to the same period last year and amounted to 15.8 BCM. Thus, the Company is among the three largest producers of natural gas in Russia and continues to hold a leading position in terms of growth and efficiency …
Anatoly Sorokin Heads Gazprom Gazobezopasnost
Anatoly Sorokin was born in the Orenburg Region in 1960. He graduated from Kuibyshev Polytechnic Institute in 1983, majoring in Technology and Comprehensive Mechanization of Oil and Gas Developments. From 1983 to 1993 and from 1994 to 1998 he worked for the Kholmogorneft Oil and Gas Production Directorate of Noyabskneftegaz. …
Russian Offshore to Open Up?
Ask most people about Russian oil and gas production, and they’re likely to bring up the two giants: Rosneft and Gazprom. But private companies are possibly in a position to see their roles change in the country’s oil landscape, as Rosemary Griffin describes in this week’s Oilgram News column, Regulation …
Bashneft Boosts Production by 14.4% in the First Quarter of 2015
Bashneft has released its preliminary operating results for the first quarter of 2015. – Average daily oil production amounted to 52.3 thousand tonnes – Production at brownfields added 4.7% year-on-year – New assets in Timan-Pechora and Western Siberia accounted for 12.6% of oil production – Gasoline output grew by 5% …
Sakhalin-1 Sets Another Extended Reach Drilling Record at Chayvo
Rosneft as part of Sakhalin-1 Consortium has successfully completed drilling of the world’s longest well at the Chayvo field. O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point. The well has the world-record measured depth of 13,500 meters and a horizontal reach of …
KMG EP: Takes Reserve Hit – 1P Down 16%
JSC KаzМunaiGas Exploration Production announces today the results of the reserves audit as at 31 December 2014 performed by independent consultant Miller and Lents, Ltd. at the Ozenmunaigas JSC (“OMG”), Embamunaigas JSC (“EMG”) and Ural Oil and Gas LLP (“UOG” where KMG EP holds a 50% stake) fields. According to …
Tethys Petroleum: Q1 Gas Production – Highest for 3 Years
Tethys Petroleum Limited has provided a corporate update to shareholders. Highlights: — Q1 2015 gas production achieved was the highest quarterly gas volume in the last three years. — First sales under the new gas contract completed. — Tethys continues to actively progress the SinoHan transaction to completion through seeking …
Urals Energy: Wins Komineftegeofizika Litigation
Urals Energy PCL, the independent exploration and production company with operations in Russia, announces an update on its litigation with Komineftegeofizika (“KNGF”). On 30 January 2015, the Company announced that it had won its case against the appeal made by KNGF in the matter of its outstanding loan to KNGF, …