Sovcomflot Reports Strong First Half 2014 Results
Sovcomflot (“SCF Group”), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, today announces its financial and operating results for the six months ended 30 June 2014. Highlights:• Gross revenue (Freight and Hire) up to USD 675.2 million in H1 2014 (H1 2013: USD 628.4 …
Lukoil: 1H Results – 5 New Fields Discovered, APG Up to 89.2%
The OAO LUKOIL BoD has reviewed the preliminary results for the first half of 2014, and budget and investment program realization progress in 2014 in Moscow today. As a result of geological exploration carried out by the Company 5 oil fields were discovered in the first half of 2014, namely Svetloozerskoye, Razdolnoye, Kulikovskoye …
Gazprom Neft Begins Commercial Production and Oil Deliveries From the Badra Field in Iraq
Gazprom Neft, the operator of the Badra oil field in Iraq, announces that first oil from the field is now being delivered to Iraq’s main pipeline system for transfer to the export terminal in Basra (Persian Gulf). Current deliveries from Badra to the pipeline stand at over 15,000 barrels of …
Lukoil: Q2 Figures Boosted by West Qurna-2
LUKOIL has published consolidated US GAAP financial statements for the second quarter of 2014. The Company’s net income in the second quarter of 2014 amounted to $2,389 million, which is a 13.5% y-o-y increase. EBITDA (earnings before interest, taxation, depreciation and amortization) in the second quarter of 2014 increased by …
Roxi Petroleum: BNG – Gross Oil-Bearing Interval Is Now at Least 105 meters
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset. Background The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the …
Petroneft Update: No Q2 Income
Second quarter of 2014 · During the 2nd quarter, the Group had no operating income (-). The operating result for the 2nd quarter amounted to TSEK -11 699 (-8 281), which includes about TSEK -6 000 of extraordinary costs. · Net financial items in the 2nd quarter amounted to TSEK 750 (-2 737). · Net result …
Bashneft Boosts IFRS Net Income by 18.5% in 1H 2014
Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, released its unaudited consolidated financial statements for the second quarter and the six months ended June 30, 2014 prepared in accordance with International Financial Reporting Standards (IFRS) 2Q 2014 vs. 1Q 2014: The Group’s revenue from sales increased by 11.3% to RUB 163,176 million; …
Tatneft: 1H 2014 Summary – 131 New Production Wells Came on Stream
A regular meeting of the Board of Directors of JSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on August 28, 2014. The meeting discussed the budget performance of JSC TATNEFT for seven months in 2014, approved the budget for September of the …
EDC: 1H Results – Revenues Down, Income Down, Horizontal and Lukoil Drilling Metres Up
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2014. The reviewed 2014 Interim Consolidated Financial Statements for the six months ended June …
Rosneft and North Atlantic Drilling Signed an Exchange of Assets Agreement
Rosneft, Seadrill Limited and North Atlantic Drilling Limited (NADL) signed a Framework Agreement that envisages long-term cooperation in the sphere of oilfield development projects. The document foresees the acquisition by Rosneft of NADL shares through an exchange of assets and investments in NADL charter capital. Moreover agreement’s options contemplate a …