Novatek: Aiming for Yamal LNG Project Financing in 2-3 Months
Russian gas producer Novatek expects its Yamal LNG project to secure external financing in the next 2-3 months, Interfax news agency quoted Leonid Mikhelson, Novatek chief executive, as saying on Wednesday. Western sanctions imposed over Moscow’s role in the Ukraine crisis have made it harder for Novatek to raise funds …
Surgutneftegas: January and February 2016 Production Up 5.8% yoy
In January-February 2016, Surgutneftegas produced 10,076.6 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 1,407.7 thousand tonnes, 5.8% up versus first two months of the last year. In January-February 2016, gas production in Surgutneftegas amounted to about 1,621.3 million …
Rosneft Vietnam: Spins Bit at PLDD-1X
Rosneft Vietnam B.V., a company of Rosneft group, has started drilling exploration well PLDD-1X at Block 06.1 located offshore Vietnam. For the first time Rosneft is operating a drilling project, in International waters confirming the Company’s competence and ability to implement technically complex drilling programs offshore. The design depth of …
Rosneft : Oil Spilt from Disused Pipeline on Sakhalin Island
Top Russian oil producer Rosneft said on Thursday that around 15 tonnes (110 barrels) of oil spilled off from an idled pipeline on the Pacific island of Sakhalin, while local ecologists say the scale of disaster is far larger. Rosneft said the spill occurred on Wednesday at the Ekhabi oilfield …
Bank of China to provide Gazprom with EUR 2 billion loan
Gazprom and Bank of China Limited, London Branch entered today in Shanghai into a five-year EUR 2 billion loan facility agreement. On the part of Gazprom the agreement was signed by the Deputy Management Committee Chairman Andrey Kruglov and on the part of Bank of China Limited, London Branch – …
Tethys Petroleum: Olisol Investments Signs $15m Debt Facility, John Bell and Fellow Directors to Step Back
Tethys Petroleum Limited today announces that it has signed a legally binding amendment to the US$15 million convertible debt facility entered into on November 19, 2015 with Olisol Investments Limited and its wholly owned subsidiary, Olisol Petroleum Limited, setting out amended terms to the Interim Facility and consequential changes to …
RDCR 2016 – ABB and Arnco Technologies Confirm Bronze Sponsorship
The RDCR, Russian Drilling Roundtable, is pleased to announce that ABB will be discussing their drive solutions at the RDCR. Arnco Technologies will also be discussing their hardbanding solutions within the services hall. With the National Drilling Company, TDE Group and Agility Logistics also confirming their attendance in the last …
Alexey Miller Informs Vladimir Putin of Gazprom’s Performance in 2015
A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller informed Vladimir Putin of the Company’s performance in 2015, particularly gas production, domestic supply, and the implementation of the Russian Regions Gasification Program. He also …
VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya
Today VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District. The target depth of the well is 4,000 meters. A 3D seismic survey covering 103 km2 was acquired earlier …
Gazprom Neft: 2015 Results – EBITDA and Production Up, Sales Down
Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2015. Increased production, consistent sales of petroleum products and efficient management drove an improvement to adjusted EBITDA*, which increased 18.2% Y-o-Y to RUB 404.81 bln, offsetting pressure from the tax manoeuvre introduced …