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 …
Tethys Petroleum: Q1 2016 Result – Revenue Down, Production Expenses Down 54%
Tethys Petroleum Limited today announced its Results for the quarter ended March 31, 2016. Q1 Financial Highlights (all figures reported in USD unless stated otherwise. 2015 amounts are for the quarter ended March 31, 2015) – Oil and gas revenue of USD3.5m (2015: USD6.0m); – Production expenses down 54% to …
Nord Stream 2: To Spur European Gas Market Development
A working meeting was held in Berlin today between Alexey Miller, Chairman of the Gazprom Management Committee, and Sigmar Gabriel, German Vice Chancellor and Minister for Economic Affairs and Energy. The parties discussed gas exports from Russia to Germany. It was highlighted that last year had set an all-time record …
Petrosibir: Production Report for April 2016 – 1,381 bpd
Petrosibir’s total oil production in April 2016 amounted to 41,440 barrels, equivalent to 1,381 barrels per day. The table below summarizes the production broken down by region. * On 16 December 2015 Petrosibir acquired its 49% share of the Komi operations. The tables for the full year 2015 therefore only …