Tatneft: 2017 Results
PJSC Tatneft (the “Company”) published on its web-site (http://www.tatneft.ru/?lang=en) the audited consolidated financial statements (the “Financial Statements”) for the year ended 31 December 2017 prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations (the “MD&A”). Selected financial …
RDCR 2018: Agenda and Provisional Delegate List
With just over 2 weeks to go until the 6th RDCR – the organisers are pleased to release the delegate list, as well as the updated agenda. We are proud to say that this is our strongest line up to date, as well as our strongest delegate list. Limited spaces …
OPEC and Russia Consider 10 to 20 Year Oil Alliance – Saudi Crown Prince
Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a deal to greatly extend a short-term alliance on oil curbs …
Kazakh KMG: Deal to Sell Stake in Romanian Unit to CEFC Postponed Until End-June
A deal to sell a 51 percent state in Kazakh state energy company KazMunaiGas’ Romanian unit to China’s CEFC has been postponed until the end of June, KazMunaiGas told Reuters. “The deal to sell a controlling stake in Kazmunaygaz International (KMGI) to CEFC is not definitively closed due to remaining …
Tengizchevroil to Double LPG Export Through Taman Port in 2018 – Traders
Tengizchevroil (TCO), Kazakhstan’s liquefied petroleum gas (LPG) producer and exporter, plans to raise propane and butane export through Russian port Taman in 2018 to 450,000 tonnes from 240,000 tonnes in 2017, traders said. TCO’s shipments of LPG through Taman port will grow in March to about 40,000 tonnes from 27,000 tonnes …
VectorEXAKT RSS Delivers Precise Vertical Wellbore in Kazakhstan
Our VectorEXAKT™ rotary steerable system (RSS) is specifically designed for high performance in vertical drilling operations by delivering higher ROP and precise directional control in vertical boreholes. This integrated drilling and measurement tool incorporates an inclination survey package within 5 ft. of the bit along with a pulser to deliver …
NOVATEK Shipped First LNG Cargo to India
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that NOVATEK Gas and Power Asia Pte. Ltd., a wholly owned subsidiary, has shipped to the Indian market its first cargo with LNG produced by the Yamal LNG project. NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev noted: “One of …
NOVATEK and COSCO SHIPPING to Expand Arctic Transportation Collaboration
As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK (“NOVATEK” and/or the “Company) and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the …
Rosneft: Completes Super Deep Maria-1 Well at the Zapadno-Chernomorskaya License Area
Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black sea. The water depth at the drilling site reaches 2109 meters. The actual well depth is 5265 meters. Drilling this well discovered a unique carbonate structure with …
Gazprom Consistently Improving Energy Efficiency & Reducing Greenhouse Gas Emissions
The Gazprom Board of Directors approved the Company’s ongoing efforts to improve energy efficiency and reduce greenhouse gas emissions. It was noted at the meeting that, as a result of comprehensive measures taken in 2011–2017 as part of the Energy Saving and Energy Efficiency Concept for 2011–2020, Gazprom had saved 18.9 million tons of fuel equivalent on fuel and energy resources, including 16.2 billion cubic meters of natural …