Ukraine – Gazprom, Russia Gas Deal Agreed – Some Debt Settled Plus Cash Prepayments
Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter in return for payments funded in part by Kiev’s Western creditors reported Reuters. After several failed rounds of talks in recent weeks as …
Gazprom Neft: Reviews Gas Sales and Utilisation of Associated Petroleum Gas
The Board of Directors of Gazprom Neft has reviewed implementation of the programme aimed at improving its associated petroleum gas (APG) utilisation programme. Gazprom Neft is one of Russia’s leading companies in Russia in terms of greater APG utilization, with usage rates increasing by a half over the past four years — and this despite a significant growth in the volumes of APG produced, from …
Ukraine Gas Supplies in Doubt as Russia Seeks EU Payment Deal
Ukraine’s efforts to unblock deliveries of Russian gas as winter sets in were deadlocked on Thursday as Moscow’s negotiators were quoted demanding firmer commitments from the European Union to cover Kiev’s pre-payments for energy. EU-hosted talks were adjourned after running late into the night, Energy Minister Alexander Novak and the head …
Moscow Court Rules in Favour of Returning Bashneft Shares to State
The Moscow Arbitration court ruled on Thursday that shares in Bashneft owned by Russian conglomerate Sistema should be returned to the state after an “improper privatisation”. A Reuters correspondent at the court said the judge had ruled in favour of the General Prosecutor’s office, which argued that oil producer Bashneft …
Novatek: Q3 and 9M Results – Revenues Up 12% and 22% Respectively
OAO NOVATEK today released its consolidated interim condensed financial information as of and for the three and nine months ended 30 September 2014 prepared in accordance with International Financial Reporting Standards (“IFRS”). Total revenues in the third quarter and nine months 2014 increased by 12.0% and 22.2%, respectively, as compared …
Ruspetro: Q3 Results – Revenues Up 17%
Ruspetro plc announces its interim management statement for Q3 2014 and the period up to and including 29 October 2014. HIGHLIGHTS Financial · Revenues up 17% in Q3 from Q2 2014 at US$16.5 million · Additional Glencore domestic prepayment facility entered into on 29 October 2014 for a sum of …
Rosneft: Pobeda Oil Surpasses the Brent Oil and Siberian Light Quality Benchmarks
Research workers of the corporate TomskNIPIneft institute finalized the studies on the physical and chemical properties and composition of oil produced from the Universitetskaya-1 well drilled in the Kara Sea, which discovered a new arctic field named Pobeda. The results of the studies were presented to Rosneft Head Igor Sechin …
Rosneft: Hits Back Over Sanction Claims in Kommersant
Rosneft Oil Company is astonished by the publication in the Kommersant Newspaper that refers to participation of the company in preparation of some “proposals” related to counter sanctions. Rosneft management is not involved in the production of political decisions. It is aimed at improving the efficiency of the Company’s operational …
Rosneft: 9M Results – Production Up 5%, Forex Hits Net Income, Dividend to be Paid
In 9M 2014, Rosneft produced 5.1 mmboed of hydrocarbons, which is 5.0% higher than in 9M 2013. The Company’s daily hydrocarbon production is in excess of 5 mln for the third quarter in a row. The Company’s daily production of oil and liquids stabilized at 4.2 mmbd. In September 2014, …
Urals Energy: Falling Rouble and Oil Prices Dampen Netback from Latest Tanker Shipment
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that the planned annual tanker shipment for export from Arcticneft on Kolguyev Island has been completed successfully. The tanker left Kolguyev Island on 23 October 2014 with 26,093 tons of crude (an equivalent …