Oil & Gas Operators

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 …

As previously announced our plan to bring Deep Well 801 into production was by drilling a side track of between 450 – 500 meters from a starting depth of 4,501 meters. Having identified potential oil bearing (net-pay) intervals covering in aggregate 121 meters so far during the drilling of the …

PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2018 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 4Q   1Q 1Q 2018 2017   2018 2017 (RUB bln) 1,630.7 1,662.5 Sales 1,630.7 1,431.6 219.5 223.7 EBITDA 219.5 …

Gazprom Neft has signed a binding agreement on the alienation of a 49-percent share in the authorised capital of Gazpromneft-Vostok — the purchasers being Mubadala Petroleum (United Arab Emirates) together with the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of Russia). The asset-holding structure following the closing of the transaction will be Gazprom Neft 51 percent, Mubadala Petroleum 44 percent, and …

Kazakhstan intends to produce more than 104 million tons of oil per year by 2025. This was announced by Kazakh Energy Minister Kanat Bozumbayev at a government hour on the development of the oil and gas sector in Kazakhstan on May 21. The volume of investments in major projects that …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Chairman of the Board of Directors of RusGazDobycha, took place today at the St. Petersburg International Economic Forum 2018. The parties discussed issues related to bilateral cooperation, including the project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields, as well as the evaluation of the …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Mario Mehren, Chairman of the Board of Executive Directors of Wintershall Holding, took place today at the St. Petersburg International Economic Forum 2018. The meeting participants discussed the current issues and prospects of cooperation in the gas sector. Particular attention was paid to the progress of the Nord Stream …