Urals Energy PLC: 2018 Half Year Results
Urals Energy PLC, the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2018. Key Points of the Company’s activity for the six months ended 30 June 2018: · Developed reserves for continuing operations and potential reserves for …
Caspian Sunrise plc: Interim Results for the Period Ended 30 June 2018
Caspian Sunrise, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2018. Highlights In the period under review Corporate / Financial Oil sales of $5 million Proposed acquisition of 3A Best Operational – shallow wells Total …
Kyzylorda Region of Kazakhstan Intends to Increase Oil Exports
The Kyzylorda region of Kazakhstan is considering the possibility of increasing the share of exported oil from 20 percent to 50 percent, the official portal of the governorate of Kyzylorda region said in a statement. At the meeting with subsoil users of the region, which was attended by mayor of …
Orenburgneft: Opens New Oil Deposit, Mamalaevskoye, on the Radovsky License
PJSC Orenburgneft, a subsidiary of Rosneft, has opened a new oil deposit, Mamalaevskoye, with total recoverable reserves of more than 2 million tons of oil. The deposit is located within the Radovsky licensed area and was discovered as a result of drilling a prospecting and evaluation well at the Mamalaevskaya …
Gazprom’s Sustainability Report Passes First-Ever Independent Audit
The Gazprom Group’s Sustainability Report 2017 was successfully assured (audited) in accordance with the international standards of the Global Reporting Initiative (GRI). The first Sustainability Report audit in Gazprom’s history was conducted by FBK. FBK confirmed that the Report contained accurate information and had been prepared in compliance with the GRI Standards (Core option). Gazprom’s goal in engaging a professional …
Zoltav Resources: H1 Results – Revenue Down 10% EDBITA Down 2%
Zoltav, the Russia-focused oil and gas exploration and production company, announces results for the six months ended 30 June 2018. The Company’s continued focus on operational efficiency enabled it to generate a 4% increase in net profit to RUB 72 million (USD 1.21 million). Financial Highlights · Revenues from production decreased, as anticipated, by 10% …
Exillon Energy plc: August Production Report
25 September 2018 – Exillon Energy plc (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of August 2018. · Our average daily production1 was 9,123 bbl/day during the period. · Average daily production for Exillon TP …
Gazprom: China’s Strategic Partner
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Han Zheng, Vice-Premier of the State Council of the People’s Republic of China, took place in Moscow today. The parties addressed the issues of strategic cooperation in the energy sector, reviewing, inter alia, the progress of the …
Arctic LNG 2: Utrenneye Field Discovers Two New Commercial Deposits
PAO NOVATEK today announced that upon drilling and testing of well #294 at the Utrenneye field, two new hydrocarbon deposits were discovered and commercial viability of the mid-Jurassic deposits was confirmed. The two new deposits’ reserves under the Russian reserve classification, subject to confirmation at Russian state reserves commission, are …
GlobalData: China and Russia Remain Key Allies for Venezuela
Following the recent visit of President Nicolas Maduro to China to sign cooperation agreements and seeking more financial support from the Chinese government, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the impact on the upstream sector: “Financial support …