Oil & Gas Operators

Yamal LNG announced that it has shipped its thirtieth million ton of LNG since the commencement of the project. The Arc7 ice-class tanker “Nikolay Yevgenov” loaded the 411th cargo as the project reached 30 million tons of LNG dispatched since the start-up of Train 1 in December 2017. The facility …

Gazprom Neft has entered into a further social and economic cooperation agreement with the Government of the Khanti-Mansi Autonomous Okrug—Yugra. The signatories to this agreement were Alexander Dyukov, CEO and Chairman of the Management Board, Gazprom Neft, and Natalya Komarova, Governor of the Khanty-Mansi Autonomous Okrug—Yugra. The agreement outlines a series of socially meaningful initiatives to be implemented in the …

Net profit of RUB400.2 billion for FY2019, a 6.2% increase year-on-year Adjusted EBITDA* maintained at 2018 level, at RUB795.1 billion Net debt-to-EBITDA ratio of 0.7 at year-end Gazprom Neft (the “Company”) today announces its IFRS consolidated financial statements for the 12 months ended 31 December 2019 (FY2019). In 2019, revenue totalled RUB2.485 trillion, maintaining the 2018 level. Adjusted EBITDA remained stable, at RUB795.1 billion — the negative …

Vienna, Austria, 25 February 2020—The price of OPEC basket of fourteen crudes stood at $56.11 a barrel on Monday, compared with $58.17 the previous Friday, 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), …

Vienna, Austria, 24 February 2020—The price of OPEC basket of fourteen crudes stood at $58.17 a barrel on Friday, compared with $58.94 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), …

Reduced total debt during the fourth quarter by $184 million to $3.3 billion and reduced net debt by $218 million to $2.9 billion Amended 2018 Credit Agreement in December 2019 to provide additional covenant flexibility Issued $1 billion of six- and eight-year notes in January 2020. Successfully tendered for approximately …

2019 Net income jumped by 29% YoY to RUB 708 bln, including RUB 158 bln in 4Q 2019 2019 dynamics of unit upstream operating costs was lower than industrial producer price inflation 12M 2019 EBITDA increased to RUB 2,105 bln Financial debt and trading liabilities decreased by RUB 907 bln …

Vienna, Austria, 19 February 2020—The price of OPEC basket of fourteen crudes stood at $56.68 a barrel on Tuesday, compared with $57.24 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), …

PAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights  (in millions of Russian roubles except as stated)   FY 2019  FY 2018  Oil and gas sales 852,232 825,761 Other revenues 10,571 …

Russia’s Justice Ministry said on Tuesday it would appeal a Dutch court’s decision to overturn the annulment of a $50 billion award to shareholders in the now defunct Russian oil giant Yukos in the Supreme Court of the Netherlands. In April 2016, The Hague’s District Court had overturned a decision …