Novatek: Q1 Results: Gas Production Up 4.7%, Combined Liquids Up 46.2%
OAO NOVATEK reported today preliminary operating data for the first quarter 2015. NOVATEK’s sales production totaled 16.15 billion cubic meters (bcm) of natural gas and 1,991 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas production by 0.73 bcm, or by 4.7%, and …
Gazprom and PwC Address Cooperation Prospects
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dennis Nally, Chairman of PricewaterhouseCoopers International Limited. The parties looked at the issues of rendering information and consultancy services to Gazprom in various sectors of business development. Special consideration was given to …
Gazprom and Total Target High Potential of Exploration Activities in New Bolivian Blocks
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Patrick Pouyanne, Chief Executive Officer and President of the Executive Committee of Total. The parties addressed the core issues of the bilateral cooperation, giving attention to the current status of the agreements …
Gazprom: Proposes RUB 7.20 per Share Dividend
The Gazprom Management Committee addressed the issues associated with preparing and holding the Company’s annual General Shareholders Meeting. The Management Committee approved the proposal to convene the annual General Shareholders Meeting of Gazprom at 10:00 am (local time) on June 26, 2015 at the Company’s headquarters in Moscow. Registration of …
Exillon Energy: Produces 16,401 bbl/day in March
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of March 2015 (“the Period”). · Our average daily production[1] was 16,401 bbl/day during the …
Petrogrand: New Board, New MD – Dmitry Zubatyuk
At the extraordinary shareholders’ meeting in Petrogrand AB (publ) held on 10 April 2015 it was resolved that the board of directors for the period until the next annual shareholders’ meeting is to consist of five ordinary members without deputy members, to replace all board members and to elect the …
Shell Buys BG Group
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn reported the BBC. The two firms say they have reached agreement on a cash and shares offer which gives investors a 50% premium on BG …
Surgutneftegas: Q1 Production Up 12%
In January-March 2015, Surgutneftegas produced 15,152.7 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled over 2,029.9 thousand tonnes, 12% up versus three months of the last year. In January-March 2015, overall gas production amounted to 2,393.2 million cubic meters. …
Rosneft Reports First Quarter Results ahead of the Geologists Day
Rosneft significantly increased the volume of geological exploration. Since the beginning of 2015, testing of four exploration wells was completed, a total of 28.5 thousand meters was drilled and the amount of Rub 10.819 bln. was invested in geological exploration operations. Nine seismic exploration projects were completed, including acquisition of …
ExxonMobil Files Tax Complaint Over Sakhalin 1
U.S. oil and gas major ExxonMobil has lodged a claim against Russia at the Stockholm arbitrage court as part of a tax dispute over its project in Russia’s far east, a spokeswoman for Russia’s Energy Ministry said on Thursday. The ministry did not provide any details of the lawsuit. Exxon …