Petrogrand: Completes 49% Acquisition of Ripiano Holdings LTD
Petrogrand is pleased to make its first monthly production and operational update. The Company has completed the acquisition of 49% of Ripiano Holdings LTD. The daily production from Ripiano’s subsidiaries Dinyu LLC and CNPSEI LLC has increased to 1 675 bopd and the Company is reviewing options to further increase production …
KMG EP: Approves the Revision of the 2015 Budget and Business Plan for 2015-2019
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting and the Annual General Meeting of Shareholders (“AGM”) on May 19, 2015. 2015 budget revision The Board of Directors approved the revision of the 2015 budget and business plan for 2015-2019. Production …
Shelton Petroleum: Q1 Results – Turnover and Profit Down, Margin Steady at 7%
Operating margin 7% despite significantly lower oil prices Total revenue for the period: SEK 19 (32) million Operating result for the period: SEK 1 (9) million Operating margin: 7% (29%) Basic earnings per share: SEK 0.04 (0.55) Diluted earnings per share: SEK 0.04 (0.53) Oil production Q1 2015 Q1 2014 …
Terneftegas Launches the Termokarstovoye Field
OAO NOVATEK announced today that Terneftegas, a joint venture between NOVATEK (51%) and Total (49%), formally launched the Termokarstovoye gas and gas condensate field into commercial production. The field is expected to reach its planned daily production level equivalent to approximately 2.4 billion cubic meters of natural gas and 0.8 …
Rosneft Sets Another Drilling Speed Record
Another record of commercial drilling speed at the continental part of Russia was set at Ust-Tegusskoye field of RN-Uvatnefregaz, a Rosneft subsidiary. 2849 m – deep controlled directional well No.2948 was drilled in 7.5 days with the drilling speed of 11441 MTR/RIG per month. This rate extends the uppermost figures …
Gazprom Neft: Reports IFRS Financial Results For 1Q 2015
Gazprom Neft has published its consolidated financial results for 1Q 2015, prepared in accordance with International Financial Reporting Standards (IFRS). The increase in crude oil production and product sales via premium channels drove an 11.1% (93.4 RUB bln) increase year-on-year in adjusted EBITDA*. Lower global prices for crude and oil …
Rosneft Brasil: Purchases 55% of The Solimões Project for $55m
Rosneft Brasil (100% owned Rosneft subsidiary) and PetroRio (the new brand of HRT Participações em Petróleo S.A.) announce the signing of the Rosneft Brasil transaction to acquire PetroRio’s 55% in the Solimões project. Closing will follow formal approval of the transaction by ANP (Agencia Nacional do Petroleo, Gas Natural e …
Tethys Petroleum: Q1 Results
Tethys Petroleum Limited today announced its Results for the quarter ended March 31, 2015. Q1 Financial Highlights (all figures reported in USD millions) — Oil and gas revenue of USD5.95m (2014: USD6.78m) — Gas revenue increased 97% to USD4.71m (2014: USD2.39m) — Production expenses down 31% to USD2.61m (2014: USD3.79m) …
Gazprom: Proposes Dividend of RUB 7.2 a Share
The Gazprom Board of Directors addressed the issues associated with arranging and holding the Company’s annual General Shareholders Meeting. The Board resolved to convene the annual General Shareholders Meeting of Gazprom at 10:00 am (local time) on June 26, 2015 at the Company’s headquarters in Moscow. Registration of the Meeting participants is to be carried out on June 24 (from 10:00 am to 5:00 pm) and on June 26 (from 9:00 am). The …
Gazprom Interview with Vitaly Markelov
Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee answers the questions posed by the Gazprom Magazine. Year results Mr. Markelov, how much gas and liquid hydrocarbons did Gazprom produce in 2014? In 2014 the volume of gas production totaled 443.9 billion cubic meters, which is 43.5 billion cubic meters less …