NOVATEK Obtains Payutskiy License Area on Gydan
PAO NOVATEK announced today that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the bid for a geological survey, exploration and production license for the Payutskiy subsoil area. The Payutskiy license area has estimated hydrocarbon resources of 354 million barrels of oil equivalent according to the Russian resource classification system and contains the Nanadyanskoye gas …
Rosneft: Operating Results for Q4 and 12 months of 2017
HYDROCARBON PRODUCTION ROSE BY 6.5% TO 5.72 MMBOED IN 2017 LIQUIDS PRODUCTION INCREASED BY 7.3% IN 2017 GAS PRODUCTION WAS UP BY 2.0% TO 68.41 BCM IN 2017 LAUNCHING THE KEY PROJECTS ON TIME REFINING QUALITY IMPROVED: LIGHT PRODUCT YIELD REACHING 58.4%, REFINING DEPTH – 75.2% Upstream Hydrocarbon production reached 5.71 mmboed in …
Rosneft: Financial results for 4Q 2017 and 12М 2017
2017 revenue growth by 20.6% YoY in RUB terms to RUB 6 trillion 2017 EBITDA increase by 9.8% YoY in RUB terms to RUB 1.4 trillion and by 24.4% YoY in USD terms to USD 24 billion 2017 net income growth by 27.6% in RUB terms and by 40.7% in …
Alexander Golovanev is the New General Director of LUKOIL-Komi
The LUKOIL Press Service reports the appointment of Alexander Golovanev, previously First Deputy General Director – Chief Engineer of LUKOIL-Western Siberia (a wholly-owned LUKOIL subsidiary), to the position of General Director of LUKOIL-Komi (a wholly-owned LUKOIL subsidiary). Vice-President of LUKOIL Alexander Leyfrid, former General Director of LUKOIL-Komi, will continue work …
Gazprom and Shell Review Progress of Joint Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today. The parties discussed the state and prospects of strategic cooperation in the gas sector. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) segment, especially the …
JOGMEC Provides Equity Financing to INPEX’s Kashagan Oil Field Development in North Caspian Sea, Republic of Kazakhstan
Located in the Kazakhstan sector of the Caspian Sea, the Kashagan field with approximately 9-13 billion barrels of recoverable oil, known as the world’s largest discovery in the past four decades, has achieved stable production since October 2016. The Kashagan project is operated by North Caspian Operating Company (NCOC), on …
Caspian Sunrise: Warmer Weather Starts Play – Pressure and Flows Providing Confidence
Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news at the BNG Contract Area of progress at its Deep and Shallow Wells. Weather update Normal operations have resumed following follow the previously announced, delays caused by exceptionally …
BP Technology Outlook 2018
BP today published the second edition of the BP Technology Outlook. The report considers the potential impact of advances in technology throughout the global energy system to 2050, without predicting policy. It explores five areas where BP believes technology can play a game-changing role: Energy efficiency; digital; renewable power; energy …
Statoil to Change Name to Equinor
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “nor”, …
Zoltav Resources: Bortovoy Licence Exploration Programme Update – “Transformational Impact”
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to provide an update on the Company’s exploration programme to assess the resource potential of the Carbonian and Devonian structures in the Western Fields of the Bortovoy Licence, Saratov. Preliminary interpretation of the 180 sq km of 3D seismic …