Gazprom and National Iranian Oil Company Sign Memorandum of Understanding
Gazprom and National Iranian Oil Company signed a Memorandum of Understanding in Moscow today. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Hassan Rouhani, President of the Islamic Republic of Iran. In accordance with the document, the parties will examine the avenues for cooperation in the field of hydrocarbon prospecting, exploration and …
Tethys Petroleum: Great Wall Drilling Wins $6m Tender for 10 Shallow Wells
Tethys Petroleum Limited today announces that Great Wall Drilling Company was the winner of a tender for a ten well shallow gas well drilling program. Tethys now has ten (10) days to sign a contract with Great Wall, the cost of which drilling is expected to be approximately $6 million …
GlobalData: Russia Plans to Commence 29 Natural Gas Projects by 2050
Russia has the highest number of key planned oil and gas projects in the Former Soviet Union (FSU), with a total of 29 oil and natural gas projects expected to start operations in the country by 2025, according to research and consulting firm GlobalData. The company’s latest report states that, …
Russian Budget: Boosted By $26 billion If Oil Price Remains Around $50-$60
Russia’s budget may additionally get nearly $26 billion this year if oil prices stand at $50-$60 per barrel. MOSCOW (Sputnik) — Russia’s budget in 2017 may receive additional revenues of some 1.5 trillion rubles ($25.9 billion at the current exchange rates) if global oil prices stand at the range of $50-$60 per barrel, Russian Energy …
Alexey Miller: “Our Goal is to Eliminate Workplace Injuries”
The Gazprom Management Committee reviewed and assessed as fulfilled the goals of the Year of Occupational Safety held in 2016. It was noted that Gazprom considered it a top priority to provide safe and comfortable working conditions for its employees. The Company’s first-ever Year of Occupational Safety proved to be the most ambitious project of its kind in Russia. The initiative included 718 events …
Zoltav Resources: Lea Verny Appointed Non-Executive Chairman, Marcus Rhodes Steps Down
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to announce the appointment, with immediate effect, of Lea Verny as non-executive chairman of the Company. Lea Verny was appointed to the board of Zoltav as an independent non-executive director in December 2016 and has significant and high …
Eni Signs MoU with Gazprom
Gazprom CEO Alexey Miller and Eni S.p.A. CEO Claudio Descalzi today signed a Memorandum of Understanding. The document reflects the parties’ interest in analyzing the prospects for cooperation in developing the southern corridor for gas supplies from Russia to European countries, including Italy, as well as the modernization of the …
RDCR 2017: Agenda Release, Rosneft and Tatneft Delegations Plus Full Company Listing
Less than 4 weeks to go to Russia’s largest gathering of Drilling and Completion department heads and experts at the RDCR! We are pleased to announce Rosneft and Tatneft’s delegations, Tatneft’s presentation, Lukoil Engineering’s presentation and finally, the RDCR Awards! You can also access the latest agenda here and see a …
Lukoil: 2016 IFRS Results
PJSC LUKOIL today released its audited consolidated financial statements for the full year of 2016 prepared in accordance with the International Financial Reporting Standards (IFRS). Financial Highlights Q4 2016 Q3 2016 FY 2016 FY 2015 (RUB bln) 1,400.9 1,309.5 Sales 5,227.0 5,749.1 183.3 165.9 EBITDA 730.7 816.7 177.6 160.4 …
Lukoil: Pyakyakhinskoye Gas Production Exceeds 400m Cubic Metres
The accumulated production of natural gas at Pyakyakhinskoye oil and gas condensate field has exceeded 400 million cubic meters since the start of gas production in January 2017. The total accumulated oil and gas condensate production exceeded 600,000 tons from the launch of commercial production on this field in October …