Oil & Gas Operators

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 three months ended March 31, 2018. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the three months …

During the St. Petersburg International Economic Forum, Rosneft, Vnesheconombank and VEB Leasing signed a Strategic Cooperation Agreement on project financing and provision of  property leasing, leaseback and rent services for carrying out Rosneft and its subsidiaries operations. The Agreement provides for long-term leasing of production equipment  to Rosneft Group: drilling …

During the St. Petersburg International Economic Forum, Rosneft and Bashneftegeofizika concluded an agreement on cooperation in the development of technologies and high-tech LWD equipment for horizontal wells drilling, as well as equipment for pay zones well testing in the exploration drilling of oil and gas wells. The volume and complexity …

As part of XXII St. Petersburg International Economic Forum, Rosneft and Bashvzryvtechnologii signed an agreement on cooperation in the area of oilfield services. The document defines the main principles of mutually beneficial long-term cooperation through the implementation of joint oilfield service activities and the provision of services in such areas …

As part of the XXII St. Petersburg International Economic Forum, Rosneft and Moscow machine building experimental plant composite technologies (MMEZ-KT) concluded an agreement on cooperation to implement and use composite materials in the operational cycle of oil and gas production. The agreement with MMEZ-KT provides for the production and testing …

The Gazprom Neft Science and Technology Centre (NTC) and Yandex Terra (Seismotech Ltd) have announced the completion of a two-year programme testing a range of domestically produced software to support seismic data processing and interpretation. Roll-out operations, using Yandex Terra’s “Prime” software, have demonstrated the viability of using only Russian software in the processing and the subsequent interpretation of seismic data. The …

Lukoil, Russia’s second biggest oil producer, said on Tuesday it had decided not to go ahead with plans to develop projects in Iran at the moment due to the threat of U.S. sanctions, a company official said. The United States plans to impose new sanctions on Iran after pulling out …

Statoil Azerbaijan (part of the Equinor group) and Azerbaijan’s state oil company SOCAR have today, 30 May, signed a Risk Service Agreement (RSA) related to the appraisal and development of the Karabagh oilfield and a Production Sharing Agreement (PSA) for the Ashrafi, Dan Ulduzu, Aypara area. The Karabagh oilfield is …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Martin Brudermueller, Chairman of the Board of Executive Directors of BASF, took place in St. Petersburg today. The meeting covered a broad range of issues related to cooperation between the companies, including joint projects for hydrocarbon development in Russia. Alexey Miller and Martin Brudermueller discussed the active Nord Stream gas pipeline. It was …

Gazprom Neft today publishes its consolidated IFRS financial statements for Q1 2018. RUB69.7 billion — Gazprom Neft’s net profit for Q1 2018, a 12.4 percent increase on Q1 2017 Adjusted EBITDA for the first three months of 2018 up 32.3 percent year-on-year, to RUB155.8 billion Free cash flow (FCF) for the first three months of 2018 standing …