Oil & Gas Operators

Tatneft Published its IFRS Consolidated Interim Condensed Financial Statements for the First Quarter of 2021

PJSC Tatneft published on its web-site (www.tatneft.ru) the unaudited consolidated interim condensed financial statements for the three months ended 31 March 2021 (the “Financial Statements”) prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Management’s Discussion and Analysis of Financial Condition and Results of Operations (the “MD&A”). …

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Oil & Gas Operators

Rosneft Commences Construction of Power Generation Facilities for Vostok Oil Project

As part of the XXIV St. Petersburg International Economic Forum, OOO Vostok Oil (a Rosneft Group Subsidiary) and OOO Inter RAO Engineering (an Inter RAO Group Company) concluded survey and design contracts to underpin construction of Train 1 power generation facilities for the Vostok OIl Project. Inter RAO Engineering is …

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Oil & Gas Operators

Gazprom Neft and Shell Extend Cooperation in Upstream, Technology and Renewable Energy

Gazprom Neft and Shell have signed a Memorandum of Understanding setting out a framework for further cooperation in hydrocarbon exploration and production, technological collaboration and carbon footprint reduction. The MoU was signed on the sidelines of the St. Petersburg International Economic Forum in the presence of Vadim Yakovlev, Gazprom Neft, Deputy Chairman of the Management Board, and Cederic Cremers, …

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Oil & Gas Operators

LUKOIL and Rostec Draw up Cooperation Plan

Sergey Kochkurov, Vice President for Oil and Gas Production in Russia of PJSC LUKOIL, and Dmitry Lelikov, Deputy CEO of Rostec State Corporation, met today at the St. Petersburg International Economic Forum. They defined the development strategy for their joint activities envisioned by the current Cooperation Agreement. The parties plan to launch …

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Oil & Gas Operators

MOL Group’s Covid-Prevention in Numbers: USD 20mn on Measures, USD 5mn on Support

By the end of the 3rd wave of the pandemic in Central and Eastern Europe,MOL Group implemented extensive preventive measures and invested more than USD 20 mn (HUF 6.1 billion) protecting employees and customers against Covid-19. MOL have provided more than 8,000,000 masks, 14,000,000 gloves, 170,000 litres of disinfectant and …

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Oil & Gas Operators

Gazprom Neft Expands Cooperation with the Talent and Success Fund

Gazprom Neft entered into an agreement on cooperation in research and educational activities with the Talent and Success Foundation. The document was signed by Alexander Dyukov, Chairman of the Gazprom Neft Management Committee, and Elena Shmeleva, Head of the Talent and Success Foundation, during the St. Petersburg International Economic Forum. …

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Oil & Gas Operators

LUKOIL and Baker Hughes Sign Memorandum on Cooperation

Today at the St. Petersburg International Economic Forum President of PJSC LUKOIL Vagit Alekperov and Chairman and CEO of energy technology company Baker Hughes Lorenzo Simonelli have signed a Memorandum on Cooperation. This memorandum provides for the merging of the parties’ efforts, technologies and experience in the production and supply of …

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Oil & Gas Operators

Rosneft Oil Company held its Annual General Shareholder Meeting

Rosneft shareholders approved the dividends at 73.55 bln rubles for 2020, which is 50 % of the Company’s IFRS net profit attributable to Rosneft Oil Company shareholders. The Annual General Shareholder meeting was held on June 1, 2021. The owners of 91.4% of Rosneft shares took part in the meeting. …

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Oil & Gas Operators

Vostok Oil and United Energy Construction Corporation Agree to Build North Bay Port Oil Terminal

Vostok Oil (Rosneft Group Subsidiary) and AO United Energy Construction Corporation have signed an agreement for the installation of hydraulic structures at the North Bay Port Oil Terminal. The agreement envisages preparation of working documentation packages for the “Oil Terminal. North Bay Port” Project along with construction of two general …

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Oil & Gas Operators

Rosneft and LENMORNIIPROEKT Sign Contract for Expansion of North Bay Port Oil Terminal

Vostok Oil (Rosneft Group Subsidiary) and AO LENMORNIIPROEKT have concluded a survey and design contract for expansion of the North Bay Port Oil Terminal (Stages 2 and 3) to enable shipment of up to 100 million tons of Vostok Oil’s commercial crude oil by 2030. In 2020, Rosneft commenced full-field …

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