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 …
Petroneft Resources: Tungolskoye Horizontal A Success
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye · Tungolskoye No. 5 well tested at over 600 bopd and is now in production · Development of Tungolskoye to proceed …
Max Petroleum: Suspends Stock Listing Pending Debt Restructuring
Max Petroleum announces that, following its announcements of 9 February 2015 and 19 February 2015, it has requested that trading in its ordinary shares on the AIM market of London Stock Exchange plc be suspended pending the outcome of final negotiations with Sberbank regarding an appropriate debt restructuring and with …
Tethys Petroleum: Proven Reserves Up 18%
Tethys, the exploration and production Company focussed on Central Asia, is delighted to announce the result of an updated Independent Reserves Report, which has been prepared by Gustavson Associates with an effective date of December 31, 2014. The report meets the expectations of the Canadian Oil and Gas Evaluation Handbook …