Gazprom: Restarts SPIMEX Gas Trading after Taxation Review
The Gazprom Board of Directors took notice of the information about the development of the exchange gas trading system. The Management Committee was tasked to proceed with this activity. It was pointed out that in 2014 well-coordinated gas trading was launched at the St. Petersburg International Mercantile Exchange (SPIMEX). This is an important step for the Russian gas market development. An increase in the volume of exchange …
Gazprom: Financial Strategy Securing Business Stability
The Gazprom Board of Directors took notice of the information about the Company’s financial strategy, including the funding of the capital investment program. It was pointed out that Gazprom’s continuous monitoring of the global market state ensured the full accordance of the Company’s financial strategy with the real-life situation. A major component of Gazprom’s strategy is shaping up a conservative budget capable of managing …
Gazprom Building Efficient Relationship With Investors and Shareholders
The Gazprom Board of Directors approved the Company’s relations with investors and shareholders. The Management Committee was tasked to further improve this area of activity. Gazprom constantly maintains open and constructive dialogue with members of the investment community and respects the rights and interests of shareholders. The Company submits detailed …
Bashneft: Fitch Rating At ‘BB’; off Rating Watch Negative; Outlook Stable
Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft‘s (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’ and removed the ratings from Rating Watch Negative (RWN). A Stable Outlook is assigned. A full list of rating actions is provided at the end of this commentary. …
Bashneft: Fitch Rating At 'BB'; off Rating Watch Negative; Outlook Stable
Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft‘s (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’ and removed the ratings from Rating Watch Negative (RWN). A Stable Outlook is assigned. A full list of rating actions is provided at the end of this commentary. …
Salym Petroleum Development: West Salym and Vadelyp Fields Could Be Connected
Salym Petroleum Development N.V. (SPD) has successfully drilled an exploration well at the interface between West Salym and Vadelyp fields. The well suggests that both fields could be connected, resulting in a significant increase in expected hydrocarbon reserves. ‘Successful exploration drilling is a result of meticulous work performed by our …
Salym Petroleum Development: Mature Field Development
Salym Petroleum Development N.V. (SPD), jointly with the State Commission for Reserves (GKZ) and the Kazan Federal University (KFU) held the Mature Field. Development 3.0 conference in Kazan. The conference was also sponsored by the government of the Republic of Tatarstan and the government of the Khanty-Mansi Autonomous Okrug – …
Statoil: Anders Opedal Appointed COO
Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) on 1 April. Opedal will be responsible the corporate improvement programmes and for driving operational efficiency across Statoil‘s business areas. “I am pleased to announce that …
Petrogrand: Frac Service Terminated
Today Petrogrand announces that further to its announcement dated 25 September 2014 to undertake fracing activities on its wells in the Tomsk region, the contractor has been unable to provide the service required in the time specified.
Gazprom Dobycha Noyabrsk: Igor Krutikov Appointed General Director
Igor Krutikov was named Director General of Gazprom Dobycha Noyabrsk. He was born in 1964 in the Sakhalin Region. In 1986 he graduated from Siberian Order of the Red Banner of Labor Automobile and Road Technical Institute, in 2008 he obtained an MBA degree from St. Petersburg International Management Institute. …