Rosneft and INTER RAO UES Conclude 25-Year Gas Supply Contract
Rosneft and INTER RAO UES have concluded a contract on the supply of up to 875 billion cubic metres of gas. The contract envisages annual supplies of up to 35 bcm of Rosneft-produced gas to the power plants of INTER RAO – Electric Power Plants (or any other INTER RAO …
Rosneft Posts Record Quarterly Net Profit Of 181 Billion Rubles, 4.1% Higher Daily Hydrocarbon Production And Finalises JV With Itera
Hydrocarbon production (including production by subsidiaries and share in production by affiliated companies) increased 3.4% over the first nine months of 2012 compared to the same period last year to 2,662 th. boepd. Daily crude oil production grew 2.1% in line with the revised plan to boost production 2% in …
Exillon Energy: Drilling and Production Update and Interim Management Statement
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today issues its Interim Management Statement, Drilling Update and October Production Report. Data are for the period from 1 July 2012 to 30 September 2012 unless otherwise stated. …
TNK-BP to Introduce Professional Commitment Bonus
TNK-BP informs that this year, for the first time in the company history, its employees will be awarded Professional Commitment bonus. Approximately 213 million rubles will be set aside for this purpose. The idea of introducing such an award belongs to TNK-BP employees. The bonus is aimed at workers and …
TNK-BP to invest $97 Million in Construction of Sulphur Recovery Unit at RORC
ТNК-ВР informs that by 2016 it will invest $97 mln in the construction of a free sulphur recovery unit at the Ryazan Oil Refinery Company (RORC). By 2016 RORC will fully switch to the production of Euro-5 standard fuel, which contains five times less sulphur compounds as compared to the …
TNK-BP to Increase Investment in Associated Petroleum Gas Utilization Program to 62 Billion Rubles by 2015
ТNК-ВР reports the expansion of the associated petroleum gas (APG) utilization program: total investment in these projects will increase 12.7% to 62 bn rubles by 2015. Most investment is planned for 2012 – about 17 bn rubles, which is 25% more than last year. TNK-BP has been implementing a large-scale …
Dockwise: Heralds Its Two New Vessels and Saves on a Conversion
Dockwise subsidiary Fairstar Heavy Transport N.V. today announces the commissioning of a new Type 1 Vessel to be named White Marlin and the christening of its most recent new-build vessel, Finesse. On acquiring Fairstar Heavy Transport N.V. in July 2012, Dockwise took charge of a set of vessel development plans …
International Petroleum: Commenced Drilling Appraisal Well #38 at Yuzhno-Sardakovsky
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, announces that it has commenced drilling appraisal well number 38 at its Yuzhno-Sardakovsky field. During August 2011, the Company entered into an agreement to acquire Vamaro Investments Limited (“Vamaro”), the 100% legal and …
TNK-BP: Venezuelan JV PetroMonagas’s Production Increases 18% to 35.5 Million Barrels of Oil in 9 Months of 2012
TNK-BP announces an increase in oil production by JV PetroMonagas, a joint venture between TNK-BP (16.7%) and the Venezuelan state company PDVSA (83.3%), up to 35.5 million barrels in the first 9 months of 2012, which is 18% more than during the same period in 2011. Investment in project development …
Gazprom Neft Acquires New Asset in Orenburg
Gazprom Neft has acquired LLC Korsar, the sole member of LLC Zhivoi Istok, and as a result established control over LLC Zhivoi Istok, which holds licenses to explore and produce oil at the Baleykinsky field and to survey the Uranskaya acreage. Both license areas are located in the Orenburg Region, …