Oil & Gas Operators

Sakhalin is the Russia’s largest island with sever climatic conditions. The air temperature goes down to minus 40 degrees Celsius in winter in the north of the island, and the sea is covered with ice for virtually six months. Wave height at Piltun-Astokhskoye and Lunskoye fields, where Sakhalin Energy produces …

Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or “Company”), Kazakhstan’s national vertically integrated oil and gas company, announces its operating results for the first quarter of 2020. Highlights for the first quarter of 2020: Oil and gas condensate production was stable year-on-year and amounted to 5,929 thous. tonnes; Oil and …

The Board of Directors of KazMunayGas (KMG) approved the new organizational chart during the meeting held on 29 April 2020. The resolution was approved as part of the action plan to balance the company’s financial standing and mitigate the adverse effect of market factors. The new KMG Central Office organizational …

The Gazprom Neft Board of Directors has reviewed the performance of the company’s investment programme, budget and borrowing programme in 2019. Gazprom Neft’s financial and operating results showed a positive trend in 2019. Hydrocarbon production volumes were up 3.5% y-o-y to 96.1 million tonnes of oil equivalent (mtoe). Refining volumes totalled 41.5 tonnes, with premium petroleum-product sales reaching 26.5 tonnes. …

Gazpromneft-Noyabrskneftegaz, in the framework of exploration work at the Vorgen license area * in the Yamal-Nenets Autonomous District, identified two new promising clusters whose initial geological resources are estimated at 80 million tons of oil equivalent. Until 2025, the company’s specialists will conduct 3D seismic exploration and prospecting and appraisal …

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights  (in millions of Russian roubles except as stated)   1Q 2020  1Q 2019  Oil and gas sales …

AO NOVATEK announced today that Arctic LNG 1, a wholly owned subsidiary, registered license number SLH 16637 NR for geological survey, exploration and production at the Bukharinskiy subsoil license area on the Gydan Peninsula. The license area partially located in the shallow waters of the Ob and Taz bays in …

Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechoraand West Siberia, is pleased to announce unaudited production data for the month of March 2020 (“the Period”). ·     Our average daily production[1] was 14,125 bbl/day during the period. ·     Average daily production for Exillon TP was …

Unmanned trucks have undergone successful testing at the Vostochno-Messoyakhskoye field in the Gydan Peninsula in the Yamalo-Nenets Autonomous Okrug (YNAO). This joint Gazprom Neft—Kamaz project has been implemented under the challenging natural and climatic conditions of the Arctic, with the support of the Government of the YNAO. The main objective of these tests is to confirm the potential effectiveness …

Vienna, Austria, 27 April 2020—The price of OPEC basket of thirteen crudes stood at $14.31 a barrel on Friday, compared with $15.23 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), …