Gazprom: Begins Bovanenkovskoye Field Start-up Operations for Third Gas Production Plant
The Gazprom Management Committee took note of the information about the progress of major investment projects. The Company continues to implement the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China. In particular, 119 producing gas wells were drilled at the …
Russneft: 2018 H1 Results – Revenue Up 53%
RussNeft showed significant growth of financial indicators in 1H 2018 at flat production. The revenue grew by 53% and amounted to 88.4 bn Rub. EBITDA was 24.8 bn Rub., by 103% higher against the same period last year. The growth of financial indicators was fueled by the increase in oil …
Gazpromneft-Vostok: Mubadala Petroleum and the Russian Direct Investment Fund Purchase 49%
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk Regions of Western Siberia. Further to an agreement announced on 24 …
Eni: Standard & Poor’s Raises Long Term Credit Rating to A-
Rating agency Standard & Poor’s has raised Eni’s long-term credit rating to ‘A-’ with Stable outlook. Standard & Poor’s also confirmed Eni’s ‘A-2’ short-term credit rating. S&P‘s decision is based on the improvement in Eni’s current and forecasted credit metrics, thanks to the company’s debt reduction and cash flow generation. …
LUKOIL: H1 Results 2018: Sales Up 32.1%
PJSC LUKOIL today released its condensed interim consolidated financial statements for the three and six month periods ended 30 June 2018 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 2Q 2018 1Q 2018 1H 2018 1H 2017 (RUB bln) 2,056.1 1,630.7 Sales 3,686.8 2,790.8 295.2 219.5 EBITDA 514.7 386.7 288.8 …
Gazprom: H1 Results 2018 – Sales Up 24%
Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the six months ended June 30, 2018. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the six months …
Gazprom: Russian Continental Shelf adds 768 billion cubic meters of Gas Reserves in 2018
The Gazprom Board of Directors took note of the information on the Company’s mineral and raw material base. It was highlighted that Gazprom had the largest amount of explored natural gas reserves in the world, totaling 35.4 trillion cubic meters (А+В1+С1 categories) as of December 31, 2017. Due to the adoption of a new Russian Classification of Reserves and Forecast Resources of Oil and Flammable …
Exillon Energy: July Production Report
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of July 2018 (“the Period”). · Our average daily production[1] was 8,801 bbl/day during the period. · Average daily production for …
Rospan International: Sets Fracturing Record – Proppant Use Cut in Half
Rospan International, a subsidiary of Rosneft, conducted a record hydrofracturing operation (fracturing) – with the use of pulsating injection – 550 tons of proppant, equivalent to 1000 tons by traditional technology, were supplied for 10.5 hours. The operation was carried out at the East Urengoy license area as part of a …
PetroNeft: Drilling Update C-4 Well
PetroNeft (AIM: PTR) an oil and 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 announce that it has successfully cored, logged and open-hole tested the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in …