Gazprom Neft: 2020 Financial Results – NET Profit Down 70% yoy
Gazprom Neft (the “Company”) today has published its IFRS consolidated financial statements for the 12 months and fourth quarter (Q4) ended 31 December 2020 (FY 2020). The Company recorded consistent net-profit growth in Q2—Q4 2020, the challenging market environment notwithstanding Adjusted EBITDA* was ₽485.2 billion in 2020 Net profit has been positive since Q2, reaching ₽81.5 billion in Q4 2020, a three-fold increase on Q3 …
Gazprom Neft CEO Alexander Dyukov on COVID-19 Counteraction Program
Dear colleagues, partners and customers! Dear friends! We are all going through a difficult period. Due to the spread of the coronavirus COVID-19, the usual course of things around the world has been disrupted. Residents of many countries, the healthcare system and the global economy as a whole are going through a …
Gazprom Neft’s Net Profit Exceeds RUB400 Billion in 2019
Net profit of RUB400.2 billion for FY2019, a 6.2% increase year-on-year Adjusted EBITDA* maintained at 2018 level, at RUB795.1 billion Net debt-to-EBITDA ratio of 0.7 at year-end Gazprom Neft (the “Company”) today announces its IFRS consolidated financial statements for the 12 months ended 31 December 2019 (FY2019). In 2019, revenue totalled RUB2.485 trillion, maintaining the 2018 level. Adjusted EBITDA remained stable, at RUB795.1 billion — the negative …
Gazprom Neft Enters Taimyr
Gazprom Neft has secured subsoil usage rights for geological prospecting in the west of the Taimyr Peninsula. The twelve blocks, covering a total 5,000 square kilometres, are located in the Dolgano-Nenetsky municipal district in the Krasnoyarsky Krai. Licenses to Zapadno-Taimyrsky blocks 1–12 have been issued for a period of seven years, with Gazprom Neft acquiring them under the “Declarative Principle” …
Gazprom Neft Urges OPEC to Raise Oil Output
Gazprom Neft CEO: oil prices at $55-65/bbl acceptable Gazprom Neft: OPEC+ deal should stay, output should rise Gazprom Neft aims to up exposure to Iraq CEO of Gazprom Neft says company plans to boost dividends (Adds detail, quotes) OPEC and non-OPEC producers should raise oil production starting from the second …
Gazprom Neft and NOVATEK Announce their Intention to Cooperate in the Arctic
Gazprom Neft and NOVATEK have concluded an agreement at this year’s St Petersburg International Economic Forum confirming their intention to cooperate in implementing projects in the Russian Arctic. Signatories to the document were Alexander Dyukov, Chairman of the Management Board, Gazprom Neft, and Leonid Mikhelson, Chairman of the Management Board, NOVATEK. The agreement confirms the parties’ intention of establishing a joint venture …
Gazprom Neft Strengthens its Own Arctic Fleet With a Second Icebreaker, The Andrey Vilkitsky
The Andrey Vilkitsky icebreaker, built as part of Gazprom Neft’s “Time of the Arctic” programme, has been launched in St Petersburg — the Alexander Sannikov icebreaker and six oil tankers having already been brought into operation. These cutting-edge icebreakers have been built to order for Gazprom Neft to operate around the Novoportovskoye field’s Arctic terminal in the Gulf of Ob …
Gazpromneft-Vostok: Mubadala Petroleum and the Russian Direct Investment Fund Purchase 49%
Gazprom Neft, Mubadala Petroleum and the Russian Direct Investment Fund (RDIF, the sovereign wealth fund of the Russian Federation) have announced the completion of a transaction establishing a joint venture to develop oil fields in the Tomsk and Omsk Regions of Western Siberia. Further to an agreement announced on 24 …
Gazpromneft-Khantos: Establishes Upstream Control Centre Using “Digital Twin” Technology
Gazprom Neft subsidiary Gazpromneft-Khantos has launched an Upstream Control Centre as part of its “Digital Field” programme. The Centre takes solutions previously developed within the company, directed at improving the efficiency of individual upstream production processes, and brings these together in a single, integrated environment, with the creation of the Gazpromneft-Khantos Upstream Management Centre making possible the integrated and holistic …
Gazpromneft-Noyabrskneftegaz: Discovers New Field at Zapadno-Chatylkinsky
A new oilfield has been discovered at the Zapadno-Chatylkinsky license block, Yamalo-Nenets Autonomous Okrug, under licence to Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz. Drilling of three exploratory wells has revealed six independent oil deposits, with total geological reserves estimated at more than 40 million tonnes, subsequently confirmed by the State Commission on Mineral Reserves. The newly discovered field forms part …
