Novatek: Q1 Results – Combined Liquid Production Up 61.1% yoy
OAO NOVATEK reported today preliminary operating data for the first quarter 2016. NOVATEK’s marketable production totaled 17.24 billion cubic meters (bcm) of natural gas and 3,208 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas production by 1.09 bcm, or by 6.7%, and …
LUKOIL-Kaliningradmorneft: Awarded D29 and D41 Baltic Sea Blocks
In accordance with Directive of the Russian Federation Government OOO “LUKOIL-Kaliningradmorneft” (a 100% subsidiary of PJSC “LUKOIL”) was granted the right to use a subsoil block of federal significance which includes D29 and D41 oil fields located in the Baltic Sea for the purpose of hydrocarbon exploration and production. The …
Halliburton and Baker Hughes: To Fight DOJ Block of the Merger
Halliburton Company and Baker Hughes Incorporated today announced that the companies intend to vigorously contest the U.S. Department of Justice’s (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and that its action is counterproductive, …
Surgutneftegas: Q1 Production Up 5% yoy
In January-March 2016, Surgutneftegas produced over 15,275.1 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 2,135.5 thousand tonnes, 5% up versus three months of the last year. In January-March 2016, gas production in Surgutneftegas amounted to about 2,459.7 million …
Exillon Energy: Produces 14,968 bbl/day in March 2016
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of March 2016 (“the Period”). · Our average daily production[1] was 14,968 bbl/day during the …
LUKOIL West Siberia: Successfully Implements TTS Multi-Stage Fracturing Technology
PJSC LUKOIL has successfully introduced TTS multi-stage fracturing technology in horizontal wells. The technology was implemented at Western Siberia oil fields. TTS technology in multi-stage hydrofracturing (MSF) helps increasing the productivity of low permeability formations by creating an artificial reservoir. The application of this innovative approach has resulted in increased …
Schlumberger and Cameron: Complete Merger for $14.4bn and 10% in Stock
Schlumberger Limited announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the …
Volga Gas: Preliminary Results for the Year Ended 31 December 2015
Volga Gas plc, the oil and gas exploration and production group operating in the Volga region of Russia, announces its preliminary unaudited annual results for the year ended 31 December 2015. During 2015, the Group had to face significantly reduced oil prices and devaluation of the Russian Ruble as well …
Petroneft: Natlata Partners Seeks Board Changes
Natlata Partners Limited (“Natlata“), the private investment company that is the largest single shareholder in PetroNeft Resources PLC has today published a letter to shareholders outlining why it is clearly in their’s and the Company’s interests for them to vote for Natlata’s proposals at the Extraordinary General Meeting (“EGM”) due …
Petrosibir: Freshly Appointed CEO, Dmitry Zubatyuk, Resigns
The CEO of Petrosibir, Dmitry Zubatyuk, has notified the Board of his resignation. The Board has initiated a search process for a new CEO. Dmitry Zubatyuk was appointed CEO in the end of January 2016. Mr. Zubatyuk has informed the board that he has decided to resign from his position …