KazMunaiGaz Q1 Financial Results
KazMunaiGas Exploration Production Q1 2013 Financial Results JSC KazMunaiGas Exploration Production announces its condensed consolidated interim financial statements for the three months ended March 31, 2013. Revenues decreased by 2% to 202bn Tenge (US$1,342m)1 compared to the same period of 2012 mainly on lower oil prices partially offset by …
Construction of Kazachya compressor station starts
The construction of the Kazachya compressor station (CS) started today in the Krasnodar Territory. At the moment, the foundation is being built for the station facilities. Start of CS construction Enlarged photo (JPG, 2 MB) The start of the Kazachya CS construction is a significant stage of the Southern Corridor gas transmission system (GTS) project aimed at ensuring gas supply into South Stream as well as gasification of Russia’s central and southern regions. Pouring …
Almetyevneft Has Produced a 600 Millionth Ton of Crude Oil
“Almetyevneft” Oil and Gas Production Board (NGDU), which is one of the leading divisions of JSC TATNEFT, has produced a 600 millionth ton of crude oil since its foundation. The ceremonial meeting devoted to this significant event was held at the “Neftche” Palace of Culture in Almetyevsk (Republic of Tatarstan) …
Rosneft to Strenghten Cooperation with PetroVietnam
Oil Company Rosneft (Rosneft) and Vietnam Oil and Gas Corporation “PetroVietnam” (PetroVietnam) today signed a Memorandum of Understanding (MOU) in Sochi to strengthen cooperation between the two oil and gas companies. The MOU – signed by Rosneft President and Chairman of the Management Board Igor Sechin and PetroVietnam Chairman of …
Rosneft Sign Cooperation Agreements for Expanded Use of Gas Engine Fuel
Rosneft signed several agreements to boost the gas engine fuel market after the meeting held by the Russian President Vladimir Putin in Sochi dedicated to future use of gas engine fuel. President of Rosneft Igor Sechin and General Director of VOLKSWAGEN Group Rus LLC Marcus Osegowitsch signed an agreement aimed at the development of …
Putin Defends Russia’s Unconventional Gas Stance
By Kevin Godier As a number of countries across the world step up their unconventional oil and gas development, Russian President Vladimir Putin has claimed that his country has not fallen behind its peers by adhering to conventional gas production. Putin said in a recently televised question session that Russia …
Fitch Affirms Russia’s Bashneft at ‘BB’; Revises Outlook to Positive
Fitch Ratings has affirmed Russia’s Joint Stock Oil Company Bashneft (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’. The Outlooks have been revised to Positive from Stable. A complete list of rating actions is at the end of this release The Positive Outlook reflects our expectation that over the medium term the company will maintain …
Tatneft: Figures Demonstrating Results of Operations in April and for Four Months of 2013
Crude Oil Production The amount of 2,144,224 tons of crude oil was produced at JSC TATNEFT in April (100.8 percent versus a similar period of the previous year) with the above-the-plan production in the amount of 56,304 tons (102.7 percent). 8,568,138 tons of crude oil were produced during four months …
May 28th problems of oil and gas construction will be discussed in Moscow
The IIIrd Annual International Conference «Construction in oil and gas complex» will be held 28th May in Moscow in the Intercontinental Moscow Tverskaya hotel. The conference «NEFTEGAZSTROY» will enable contractors to communicate with a wide range of customers and colleagues, to broaden horizons, to acquire useful business contacts. Traditionally conferences …
Aker Arctic Brings Heavy Duty Oblique Ice Breaker to Market
With construction underway on the first ever Oblique Icebreaker, research specialist Aker Arctic Technology has unveiled a new version of the unique vessel type that will bring ice management and pollution control in thick first year ice to a new level. The first ARC 100 is due delivery to the …