Zoltav Resources: 2015 Results – Revenues Up 41%, First Operating Profit of $1.1m USD
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 …
Gazprom: Improves Procurement Opportunities for Small and Medium Sized Enterprises
The Gazprom Board of Directors took note of the information about the Company’s procurement process performance in 2015. It was highlighted that Gazprom had established an efficient vertically integrated procurement system. The system is underpinned by the principles of open information, transparency, promotion of fair competition, and wider and simpler …
Rosneft: Igor Sechin and Statoil's CEO, Eldar Saetre, Hold Talks
Rosneft Chairman of the Management Board Igor Sechin held talks with Statoil ASA President and CEO Eldar Saetre. The parties discussed the progress of joint projects implementation including preparation for the drilling at the shelf of the Okhotsk Sea. Igor Sechin and Eldar Saetre noted that the cooperation between the …
Statoil: Launches Cap-X Subsea Field Development Concept to Reduce Subsea Costs
At the Barents Sea Conference in Hammerfest today, a new subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil. The new subsea solution is called Cap-X. “Once again we aim to drive subsea technology development on the Norwegian continental …
Ruspetro: 2015 Results – Drilling Costs Down, Geological Understand Up
Ruspetro plc, an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, announces its Preliminary Results for the year ended 31 December 2015. Corporate – Intention to seek shareholder approval to cancel the listing of the Company’s ordinary shares from …
Gazpromneft-Angara: UniQ Seismic Technology Increases the Chomsky Project’s C1 Reserves by 48%
As a result of geological prospecting operations undertaken in 2015, Gazprom Neft has increased estimates of C1 commercial reserves at its East Siberian fields (the Ignyalinsky, Tympuchikansky and Vakunaisky fields, collectively the “Chonsky Project”) by 48 percent. This increase in recoverable C1 oil reserves amounts to 6.9 million tonnes. Recoverable …
Gazpromneft-Angara: UniQ Seismic Technology Increases the Chomsky Project's C1 Reserves by 48%
As a result of geological prospecting operations undertaken in 2015, Gazprom Neft has increased estimates of C1 commercial reserves at its East Siberian fields (the Ignyalinsky, Tympuchikansky and Vakunaisky fields, collectively the “Chonsky Project”) by 48 percent. This increase in recoverable C1 oil reserves amounts to 6.9 million tonnes. Recoverable …
Gazprom: Board Proposes a Dividend of 7.40 RUB a Share
The Management Committee endorsed the proposal to convene the annual General Shareholders Meeting of Gazprom at the Company’s headquarters in Moscow from 10 a.m. (local time) on June 30, 2016. The registration of the Meeting participants is to be carried out on June 28 (from 10 a.m. to 5 p.m.) …
KMG EP: Elects New Board
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held an extraordinary general meeting of its shareholders (“EGM”), where the new Board was elected for a term to May 25th, 2017 inclusive. The EGM appointed Mr Gustave Louis Eugene van Meerbeke, representative from the National Company KazMunayGas (“NC KMG”) to …
NOVATEK-Yurkharovneftegas: Wins Nyakhartinskiy License Auction
OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Yurkharovneftegas won an auction for the exploration and production license for the Nyakhartinskiy license area. The license duration is 27 years and the payment for the license was set at RR 1,057 million. The Nyakhartinskiy license aria is located in the Yamal-Nenets …