Rosneft: Presented Studies on the West Prinovozemelsky License Block in the Barents Sea
In the course of public hearings in Archangelsk Rosneft presented a program of marine comprehensive engineering and geochemical studies of the West Prinovozemelsky licensed block in the Barents Sea. During the hearings the procedure for implementation of the works as well as environmental management were thoroughly discussed. Participants of hearings …
Bashneft: Q3 and 9M Results – Production Up 10% and Net Income Up 39.6%
Bashneft Group released its unaudited consolidated financial statements for the third quarter of 2014 and the nine months ended September 30, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). 3Q2014 vs.2Q 2014: The Group’s revenue from sales decreased by 0.2% to 162,861 million Adjusted EBITDA increased by 2.6% …
Alexander Novak: Russia Could Seek New Partners if Western Majors Pull Out
Moscow will seek new partners in countries that have not imposed sanctions on it if Western oil and gas companies pull out of projects with Russia, RIA news agency quoted Energy Minister Alexander Novak as saying on Saturday. The sanctions over Russia’s role in the Ukraine crisis have targeted the …
Bashneft-Polyus produces the millionth tonne of oil at the Trebs and Titov fields
Today, LLC Bashneft-Polyus, a joint venture of JSOC Bashneft and OJSC Lukoil, has produced its millionth tonne of oil since the start of development of the Roman Trebs and Anatoly Titov fields in the Nenets Autonomous District. Pilot production at the Trebs and Titov fields was launched on …
Lukoil: Draft 2015 Budget to Cut Investment Expenses By 15-25%
The LUKOIL Board of Directors held a meeting in Moscow today to approve the key indicators of LUKOIL Group’s 2015 budget according to two scenarios in view of the macroeconomic situation. The draft 2015 budget for the Exploration and Production business segment provides for steady production of hydrocarbons at the …
Rosneft Ships First Oil From the Northern Tip of the Chayvo Field
Rosneft commenced shipment of crude oil extracted at the Northern Tip of Chayvo license off the coast of Sakhalin, with the first tanker carrying Sokol-grade crude leaving port on November 21. The tanker was loaded at the Sokol single-point oil terminal located 5.7 km east of DeKastri Terminal, Khabarovsk Krai. …
Shelton Petroleum: Significantly Strengthened Reserves Base in Russia
January – September 2014 Total revenue for the period: SEK 93 (72) million Write-down of exploration assets affects the operating result by SEK -7 (0) million Operating result for the period: SEK 16 (19) million Operating result and margin excluding write-down: SEK 23 (19) million, 24% (26%) Basic and diluted …
Adam Smith: Unconventional Oil & EOR Russia 2014
3 – 4 December 2014 Marriott Grand Hotel, Moscow http://www.adamsmithconferences.com/2329rgtee Development of new technologies for tight oil E&P in Russia is now more crucial than ever in order to recover the potentially vast reserves available, and this conference will provide a vital platform to discuss the latest initiatives to advance …
Adam Smith: Unconventional Oil & EOR Russia 2014
3 – 4 December 2014 Marriott Grand Hotel, Moscow http://www.adamsmithconferences.com/2329rgtee Development of new technologies for tight oil E&P in Russia is now more crucial than ever in order to recover the potentially vast reserves available, and this conference will provide a vital platform to discuss the latest initiatives to advance …
CGG: Rebuffs Technip offer
CGG confirms having been approached by Technip in an unsolicited manner in respect of a potential combination. CGG has considered that the conditions to pursue were not met.