Yamal LNG Signs Icebreaker Contract with USC and Atomflot
Vyborg Shipyard (part of United Shipbuilding Corporation, or USC) and Atomflot signed a shipbuilding contract for the building of a harbor icebreaker for the Yamal LNG Project. The 10 MW diesel-powered harbor icebreaker with an innovative propulsion system will be built at the Vyborg Shipyard to support the harbor operations …
Statoil Completes Sale of 15.5% Share in Shah Deniz to PETRONAS
On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% …
Gazprom Neft: Pilot Production Completed At Vostochno-Messoyakhskoye Field
Pilot testing has been completed, and preparations for full-scale commercial drilling begun at the Vostochno-Messoyakhskoye field — part of the northernmost on-shore oil and gas fields under development in Russia. A four-year geological prospecting and appraisal programme has been conducted in the course of pilot operations at the Vostochno-Messoyakhskoye field, …
Statoil: 2015 First Quarter Results
Despite challenging oil and gas prices in the quarter, Statoil (OSE:STL, NYSE:STO) delivered Adjusted earnings of NOK 22.9 billion and NOK 7.0 billion after tax. Statoil reports a negative IFRS Net income of NOK 35.4 billion due to impairments. Eldar Sætre, CEO “Statoil’s first quarter reported figures are significantly impacted …
JSC KazMunaiGas Exploration Production 1Q 2015 Financial Results
Astana, 30 April 2015. JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its condensed consolidated interim financial statements for the three months ended 31 March 2015. Revenue in the first three months of 2015 was 117bn Tenge (US$632m)[1], which is 47% lower compared with the same period of …
Vankorneft: 100 millionth Ton Produced at the Vankor Field
Vankorneft, a Rosneft’s subsidiary, produced the 100 millionth ton of oil on the Vankor oil and gas condensate field launched in 2009. Advanced engineering solutions across all the stages of drilling, pumping, processing and transportation of Vankor crude contributed to the high output. Vankor has one of the industry-highest oil …
Gazprom: 2014 Results – Sales Up but Profits Down
Today OAO Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2014. The table presents the consolidated statement of comprehensive income prepared in accordance with IFRS for the years ended December 31, 2014 and 2013. All amounts are …
The 3rd RDCR, Russian Drilling Contractors Roundtable, Moscow, April 9th 2015
The 3rd RDCR, Russian Drilling Contractors Roundtable, was held on the 9th of April at the Hotel Baltschug Kempinski, Moscow, www.RDCR.net The event was held for one day and included over 200 delegates and sponsor representatives of the Russian drilling industry. The RDCR was confirmed as the largest gathering of drilling …
Moody Upgrades Bashneft’s Rating to Ba1 on Assignment of GRI Status; Negative Outlook
Moody’s Investors Service has today upgraded Russian integrated oil company OJSC Bashneft’s (Bashneft) corporate family rating (CFR) to Ba1 from Ba2 and its probability of default rating (PDR) to Ba1-PD from Ba2-PD, following the rating agency’s decision to assign the company government related issuer (GRI) status after the company was …
Shelton Petroleum AB: Analyzes New Suyanovskoye Seismic Data
Shelton Petroleum has recently collected an additional 142 kilometres of seismic data to further delineate the three promising structures on the Suyanovskoye oil field. The objective is to identify future drilling locations. Results from the study will be announced to the markets later this year. During 2014, Shelton Petroleum conducted …