Oil & Gas Operators

Alexey Miller, Chairman of the Gazprom Management Committee, and Alexey Mordashov, Chairman of the Board of Directors of Severstal, today signed in Moscow a Technology Roadmap to launch the production of large-diameter pipes (LDPs) of K80 strength class. It is planned that by 2023 Severstal will become the first company in Russia to design and start producing electric-welded longitudinal steel LDPs and fittings for …

The Gazprom Board of Directors took note of the information about the impacts of the events of 2018 on the long-term outlook for the global energy market. It was highlighted that the growth in natural gas consumption around the world continued unabated. In 2016–2017, it added more than 3 per cent on a yearly basis. The growth rate for 2018 may be even higher. One of the …

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the Company. It was highlighted that, as in the past, shale gas production was concentrated almost entirely in the United States. However, there is still a high level of uncertainty …

Vienna, Austria, 22 November 2018–The price of OPEC basket of fifteen crudes stood at $62.33 a barrel on Wednesday, compared with $64.02 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), Oriente …

SLAVNEFT reports the consolidated data of the Financial Statements prepared in accordance with the International Financial Reporting Standards (IFRS) for Quarter 3 and 9 months of 2018. Key Financial Indicators (in mln of Russian rubles) Q3 2018 Q3 2017 9 months 2018 9 months 2017 Revenue Operating expenses Taxes except …

Dennis Francis, Chief Executive Officer (“CEO”) and a founder of the Company, has informed the Board that he has elected to retire as CEO following his recent 70th birthday. Mr Francis will remain as a Non-Executive Director in the Company and has agreed to assist the Company on a consulting …

Kazakhstan has received $132 billion over the years of development of the Tengiz oil and gas field located in Atyrau region, Kazinform correspondent cites the press service of TCO. “Since 1993 through September 2018, TCO’s direct financial payments to the Republic of Kazakhstan exceeded $132 billion. This includes salaries for …

PAO NOVATEK announced that its wholly owned subsidiary OOO NOVATEK-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous sediments at the Nyakhartinskiy license area with a gas condensate mixture well flow rate of more than 300 thousand cubic meters per day. …

  RUB298.7 billion — Gazprom Neft’s net profit for 9M 2018, a 58-percent increase on 9M 2017; RUB614.5 billion adjusted EBITDA* for the first nine months of 2018 — up 53.9 percent on 9M 2017; Free cash flow (FCF) for 9M 2018, standing at RUB134.8 billion, a 62.4-percent increase year-on-year. Gazprom Neft announces its consolidated financial accounts (IFRS) for 9M/3Q 2018. Revenue in the first nine months of 2018 amounted to one trillion, 827.3 billion …

Vienna, Austria, 16 November 2018: The price of OPEC basket of fifteen crudes stood at $65.28 a barrel on Thursday, compared with $64.51 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), …