Gazprom and Wintershall Address Russian Natural Gas Supply to Europe
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rainer Seele, Chairman of the Board of Executive Directors of Wintershall Holding. The parties addressed the main issues of the bilateral cooperation, paying special attention to Russian natural gas supply to Europe. It was pointed out that repeatedly occurring high risks of gas transit …
Gazpromneft Khantos: Acquires the Maloyugansk and Zapadno-Zimnee Licence Blocks
Gazpromneft Khantos has acquired two new exploration and production (E&P) licences, for the Maloyugansk and Zapadno-Zimnee fields in the Khanty Mansiysk Autonomous Region. These new assets, acquired by auction, adjoin the currently developed Yuzhno-Kinyaminsk and Zimnee fields. The licences are valid for a period of 25 years, including five years …
Igor Sechin Participated in the Mass Dedicated to the Death Anniversary of Hugo Chavez
The Head of Rosneft Igor Sechin participated in the mourning mass in commemoration of the former President of the Bolivarian Republic of Venezuela Hugo Chavez who passed away the very same day 2 years ago. The event took place at the Roman Catholic Cathedral of the Immaculate Conception of the …
Surgutneftegas: Jan and Feb Production Report
In January-February 2015, Surgutneftegas produced 9.937 million tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 1,330.4 thousand tonnes, 12.5% up versus two months of the last year. In January-February 2015, overall gas production amounted to 1,596.7 million cubic meters. For …
Rosneft: 2014 Results – Production Up 4.8% Debt Down 23.7%
In commenting the 2014 results, I.I. Sechin, Chairman of Rosneft Management Board, said: “In spite of an ongoing crisis on the oil markets, the Company has maintained its dollar-denominated revenue at over $146 billion. The Company has been fully discharging its obligations under long-term crude oil supply contracts and aims …
LUKOIL-Nizhnevolzhskneft: Sets New Horizontal Drilling World Record
LUKOIL-Nizhnevolzhskneft has established a new world record in horizontal drilling with a significant bottom displacement. Well No.108, drilled from an offshore ice-resistant stationary platform at Yuri Korchagin field in the Caspian Sea, went down 4,908 meters in the 9.5-inch section, in one run, without any tripping. The new record has …
LUKoil: 2014 Results – Q4 Lifting Costs Down to $4.30 per boe
LUKOIL has published consolidated US GAAP financial statements for 2014. The Company’s 2014 net income reached $4,746 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $15,982 million in 2014. Sales revenues were $144,167 million (+1.9% y-o-y). The changes in ruble-nominated revenues were significantly affected by the ruble devaluation. …
KMG EP: 2014 Results – Profit Down 67% with Ozenmunaigas Impairment Charge
JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2014. — Revenue in 2014 was 846bn Tenge (US$4,722m)1 mainly due to an increase in the average domestic sales price by 20% and higher export price in Tenge (because of an 18% increase in the …
Tomskneft: Using Pipeline Monitoring Drones
Tomskneft starts using unmanned aerial vehicles (drones) to monitor its pipeline routes and the oil and gas production assets. Testing of drones built under a domestic technology started at the Sovetskoe and Vakhskoe fields located in the Strezhevskiy District. Given the size of the territory of Tomskneft operations and the …
Gazprom Neft: 2014 Results – 6.7% Increase in Production, Exchange Rates Hit Bottom Line
Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2014. Overall sales (revenues before deducting export duties and similar payments) grew 12.4% (1,690.56 RUB bIn) as a result of increased hydrocarbon production and a significant increase in sales via premium channels …