Oil & Gas Operators

Zoltav, the Russia-focused oil and gas exploration and production company, provides a corporate and operational update about its operations at the Bortovoy Licence, Saratov. Production – West Bortovoy Natural production decline from existing well stock on the West Bortovoy fields continued at steeper rate in 2019 than in preceding periods. …

Joint venture of Wintershall Dea and Gazprom Dobycha Urengoy hits production landmark Achimov 1A is the largest licence area in Wintershall Dea‘s portfolio in terms of reserves Construction works for production start-up at Achim Development underway A new milestone in Western Siberia: Achimgaz, a 50:50 joint venture of Wintershall Dea …

Vienna, Austria, 29 June 2020–The price of OPEC basket of thirteen crudes stood at $37.99 a barrel on Friday, compared with $37.18 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …

In May-June 2020, international ratings agencies S&P Global Ratings, Moody’s Investors Service and Fitch Ratings affirmed Gazprom’s long-term credit ratings as part of their annual reviews. As before, all these ratings are investment-grade with a stable outlook. The S&P (ВВВ-) and Fitch (BBB) ratings correspond to the sovereign credit rating of the Russian Federation, while the rating assigned by Moody’s (Baa2) …

Mr. Miller, the outcomes of Gazprom’s Shareholders Meeting were announced today. Could you please tell us what are your five highlights from last year? It was an extremely eventful year for Gazprom. If you want me to choose just five highlights, I would certainly start with the development of the resource base. We expanded our capacities at the new gas production center in Yamal, …

A meeting of the Company’s newly elected Board of Directors was held in absentia. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller Chairman of the Gazprom Management Committee was named as Deputy Chairman of the Company’s Board of Directors. The Board of Directors formed the Audit Committee. The Committee is made up of Mikhail Sereda, Member of the Company’s Board of Directors, and two independent directors Viktor Martynov and Vladimir …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide an update on its formal sale process. On 7 April 2020, the Company announced that its board of directors (the “Board”) had decided to conduct a formal review …

Vienna, Austria, 26 June 2020–The price of OPEC basket of thirteen crudes stood at $37.18 a barrel on Thursday, compared with $38.17 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …