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 …
Zoltav Resources: Better than Expected Production from the Karpenskoye Well Brings the Western Gas Plant to Full Production
Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to provide an operational update regarding its Bortovoy Licence in the Saratov Oblast of the Russian Federation. As previously reported, Zoltav’s main priority since the acquisition of the Bortovoy Licence in June 2014 has been to bring the …
Max Petroleum: Sberbank Loans Renegotiated, Asanketken Field Given FFD Green Light
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces today an corporate and operational update. Subscription by AGR Energy On 4 August 2014, Max Petroleum announced that it had raised conditionally approximately £37.1 million before expenses by way of a cash subscription by AGR Energy Limited No. …
[ENI NY] close 10/25/14 $ 41.69 (-0.19)
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