Oil & Gas Operators

The Gazprom Board of Directors approved an updated list of measures aimed at increasing the Company’s share in the global gas market. It was noted that amidst the industry-wide changes the updating of this document had an important role to play for the successful business development of Gazprom as a global energy company. The updated list suggests more precise definition of the Company’s business areas, …

The cost optimization strategy is focused around several key areas: generation of the Investment Program and the Budget, development and execution of the cost reduction program, implementation of cost optimization plans by types of activity and procurement of goods, works, and services. At the budgeting stage, Gazprom optimizes a number of expenditure items by using a standard setting approach, determining specific cost …

Today, Deputy Prime Minister of the Russian Federation Arkady Dvorkovich, President of PJSC LUKOIL Vagit Alekperov and Stavropol Region Governor Vladimir Vladimirov took part in the official startup of the first phase of the gas processing unit at the Stavrolen plant in Budennovsk. This project will make it possible for …

Oil prices slipped off session highs on Tuesday after four of the world’s largest producers agreed to freeze output at January levels if other major exporters joined the pact, dashing hopes among the price bulls for an outright cut to supply. Qatari energy minister Mohammad bin Saleh al-Sada told a …

According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …

According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …

Statoil today launches a new venture capital fund dedicated to investing in attractive and ambitious growth companies in renewable energy, supporting its strategy of growth in new energy solutions. The new fund, Statoil Energy Ventures, will invest up to USD 200 million (around NOK 1.7 billion) over a period of …

Alexander Chernov is appointed as Director General of Gazprom Georesource. Alexander Chernov was born in 1981 in the Rostov Region. In 2003 he graduated from the South-Russian State Technical University (Novocherkassk Polytechnic Institute), majoring in Geophysical Methods of Mineral Deposit Prospecting and Exploration. Alexander Chernov has worked at Gazprom Group for 14 years. Between 2002 and 2004 – 4th category logger, geoscientist at a field …

Alexey Miller, Chairman of the Gazprom Management Committee held today at the Company’s headquarters a meeting on cooperation with Russian pipe companies. Taking part in the meeting were Andrey Kruglov and Vitaly Markelov, Deputy Chairmen of the Gazprom Management Committee, Sergey Prozorov and Igor Fyodorov, Members of the Gazprom Management Committee as well as heads and representatives of the Company’s specialized structural units, Gazprom Komplektatsiya, the Pipe Producers …

Oil giant Rosneft is interested in the privatization of Saudi Arabia’s national petroleum company Saudi Aramco, according to Rosneft CEO Igor Sechin who made the statement at the International Petroleum Week forum in London. “We are very interested in possible privatization of Saudi Aramco and we would support such a …