Caspian Sunrise PLC: BNG Operational Update
The Board of Caspian Sunrise are pleased to update shareholders with developments at its flagship BNG Contract Area. Shallow wells Production from our shallow wells for March 2019, was in aggregate 44,566 or 1,658 bopd (February 2019 42,913 barrels or 1,533 bopd), with oil sold at an average price of …
RDCR Well Engineering Forum 2019 Continues With Strong Debates
RDCR Well Engineering Forum has been very successful today with 500 delegates enjoying the Roundtable format for discussions. This Operator led show in terms of content has the highest ratio of ‘customers to service providers’ of any oil and gas forum in the FSU.
RDCR 2019 is Underway!
The 7th RDCR Well Engineering Conference at the Kempinski Baltschug is underway! With over 500 delegates all interested in sharing the industries technical innovations and experiences. Mikhail Pustovalov of NOV discussing optimised well completion design at RDCR 2019 using cemented ball drop system. Alexander Zamkovoi, TGT discussing Through-Barrier Diagnostics at …
Aker Solutions and FSubsea to Create FASTSubsea to Boost Subsea Oil Recovery
Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20 percent, but cost, space limitations and sometimes complex solutions mean multiphase pumps are installed in fewer than 30 of the world’s 1,500+ offshore fields. With FASTSubsea, this is about to change. The new company …
VOLGA GAS PLC. Results for the year ended 31 December 2018
Volga Gas plc (“Volga Gas”, the “Group” or the “Company”), the oil and gas exploration and production group operating in the Volga region of Russia, is pleased to announce its preliminary, unaudited annual results for the year ended 31 December 2018. During 2018, management’s principal objective was to complete the construction at …
PetroNeft: Initial Thoughts from New Chief Executive Officer
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67, is pleased to provide the initial thoughts from the new Chief Executive Officer David Sturt. “I have now been in my new position as …
RussNeft: Shareholders Profit Grew by 85%
The profit attributable to the shareholders grew by 85% and made up 15 bn Rub. The revenue of the Company for the reporting period increased by 38%, up to 177.8 bn Rub., EBITDA grew by 62%, to 48.6 bn Rub. The company reports its revenue increase was mainly driven by …
The Collective of the Year 2018
In the category “The Collective of the Year 2018”, the Khanty-Mansiysk Branch of the Company was pronounced the winner. The Production Costs Optimisation Programme has been successfully operated by the Company and its subsidiaries for the second consecutive year. As a result of implementation and development of the Programme, the …
RussNeft: Employees Ideas Delivers Benefits of Over RUB 200 mln
For the second consecutive year, the Production Costs Optimisation Programme has been successfully operated by the Company and its subsidiaries. As a result, a database of considered ideas is gradually formed and updated, the expertise in implementation of technical measures, organizational and administrative solutions are accumulated. Within the programme framework, …
RussNeft: Issues ISFR Financial Results for 2018
PJSC “RussNeft” (hereinafter referred to as RussNeft or the Company) (MOEX: RNFT), issues an audited consolidated financial report for the year ending December 31, 2018, prepared in compliance with International Standards of Financial Reporting (ISFR). Highlights: EBITDA grew by 62% in 2018 to 48.6 bn Rub. Adjusted profit[1] made up 16.8 …