Zoltav Resources: 2015 Financial Results – Revenues Up 41%, Operating Profit of $1.1m
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2015 – a period in which the Company generated its first operating profit. Financial Highlights · Revenues from production increased by 41% to US$28.1 million (2014: US$20.0 million, from …
4th Russian Drilling Roundtable, Post Show Report
Held on the 13th April 2016 at the Baltschug Kempinski Hotel in Moscow, the 4th RDCR cemented its status as the largest gathering of drilling professionals in Russia. Over 250 delegates attended from Russian and International operators, drilling contractors, service and technology suppliers. RDCR 2016 in Numbers: 257 total participants …
Exillon Energy: Produces Unaudited 15,094 Barrels in April.
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of April 2016 (“the Period”). · Our average daily production[1] was 15,094 bbl/day during the period. · Average daily production …
Petrosibir: Q1 Results
Starting 2016 Petrosibir publish so called interim management statements per 31 March and 30 September instead of quarterly interim reports prepared in accordance with IAS 34. Petrosibir will continue to publish half yearly interim reports prepared in accordance with IAS 34.The consolidated financial information in this statement has been prepared …
Rosneft: Signs JV with Keppel Offshore & Marine and MHWirth For Offshore Drilling Rigs
Rosneft, Keppel Offshore & Marine and MHWirth have signed shareholders’ agreement on establishing a Joint Venture (JV) for the creation of Design and Engineering Center for offshore drilling rigs in Russia. The main tasks of the Center established by the JV (Rosneft – 45%, Keppel Offshore & Marine – 45%, …
TechnipFMC: Formed After Technip and FMC Combine to Create New Global Leader
Technip and FMC Technologies, Inc. today announce that the companies will combine to create a global leader that will drive change by redefining the production and transformation of oil and gas. The combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement …
NOVATEK Signed Memorandum of Understanding with PTT
OAO NOVATEK announced today that a Memorandum of Understanding (MOU) was signed between NOVATEK and PTT of Thailand at a meeting between the Russian Prime Minister Dmitry Medvedev and the Prime Minister of Thailand Prayut Chan-o-cha. According to the MOU, the parties intend to cooperate and study potential joint opportunities …
Gazprom and PetroVietnam to Launch New Oil and Gas Projects
Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Quoc Khanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), signed today in Moscow a number of documents to strengthen cooperation between the companies. The signing ceremony was attended by Dmitry Medvedev, Prime Minister of …
Rosneft and PetroVietnam Expand Cooperation
Rosneft and Vietnam Oil and Gas Group (PVN) PetroVietnam have signed a cooperation agreement. The document was signed in the presence of Russian Prime Minister Dmitry Medvedev and Prime Minister of the Socialist Republic of Vietnam Nguyen Xuan Phuc by Rosneft Chairman of the Management Board Igor Sechin and the …
Rosneft: Q1 2016 Results – Production Drilling Up 52%
Q1 2016 Operating Results – Average daily hydrocarbon production of 5.21 mmboe, an increase both compared to Q1 2015, and for two consecutive quarters (+2.5% compared to Q3 2015) – Production drilling grew by 52% with maintaining in-house OFS share above 50% – Gas production grew by 6% to 16.72 …