Gazprom Neft: Drills 1,500m Horizontal Well at the Novoportovskoye Field
Gazprom Neft has become the first oil operator in Russia to drill a well with a horizontal borehole of 1,500 metres. The well, on the Yamal Peninsula, reaches a total 4,200 metres in length. Some 91 percent of the horizontal section, moreover, is located in the oil-saturated bed of the Novoportovskoye formation, characterised by high permeability strata which yield high flow rates without the application …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …
Sistema: Financial Results and Reviews Post Bashneft Investment Strategy
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces its unaudited consolidated US GAAP financial results for the third quarter ended September 30, 2014. BASHNEFT RELATED EVENTS On September 24, 2014, a civil claim was filed with the Arbitrazh (Commercial) Court of the City …
Lukoil: 9M Results – Income Up 7% yoy
LUKOIL has published consolidated US GAAP financial statements for the nine months of 2014. EBITDA1 (earnings before interest, taxation, depreciation and amortization) in the nine months of 2014 increased by 5.9% to $15,475 million. The Company’s net income in the nine months of 2014 amounted to $5,742 million. Sales revenues …
Integra: Wins Tender for Well Logging Services With OJSC RN-Nyaganneftegas
On 24 November, LLC Geophyzservis is part of Integra Group won the tender at the same time for two large OJSC RN-Nyaganneftegas lots for long-term wireline logging and operations in well services A s part of a three-year contract as of 1 January, 2015, until the end of 2017 wireline …
Russian President Approves Oil Tax Changes
President Vladimir Putin approved changes to a tax law on Tuesday reducing oil export duties and increasing taxes for mineral extraction in a bid to balance the needs of producers and the Russian budget. The changes to the tax law, known as the “tax manoeuvre”, have long been the focus …
Russian President Approves Oil Tax Changes
President Vladimir Putin approved changes to a tax law on Tuesday reducing oil export duties and increasing taxes for mineral extraction in a bid to balance the needs of producers and the Russian budget. The changes to the tax law, known as the “tax manoeuvre”, have long been the focus …
Urals Energy: Receives Tanker Cash, Pays Petraco and is Now Debt Free
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that it has received the payment from Petraco Oil Company Limited following its recent tanker shipment. Following receipt of the Tanker Payment, Urals Energy has also repaid $3.9 million plus interest …
Gazprom Neft: Possible Exclusive Operating Agreement With PetroVietnam on Offshore Dolginskoye Field
Gazprom Neft has signed a number of agreements with Vietnamese companies aimed at developing cooperation between the two countries. The documents were signed in the presence of Russian President Vladimir Putin and the General Secretary of the Communist Party of Vietnam, Nguyen Phu Trong. Alexander Dyukov, Chairman of Gazprom Neft’s …
Gazprom Neft Orenburg: Wins Yagodny License Area, Including the Zemlyanskoye Field
Gazprom Neft Orenburg has been announced as the winner in a recent auction for geological prospecting and E&P rights to the Yagodny licence area in the Orenburg Oblast. Covering 500 square kilometres in total, the licence area includes the Zemlyanskoye field, originally discovered in 1978. Drilling of exploration and prospecting wells, as well as 2D and 3D seismic works, had previously been …