Gazprom Neft: 9M Results – Production Up 5.3% YoY, Income Hit By Rouble Devaluation
JSC Gazprom Neft has published its unaudited consolidated financial results, in accordance with International Financial Reporting Standards for 9M 2014. The increase in crude oil production and product sales, including sales through premium channels (small wholesale and Company retail network, aviation refueling and bunkering) drove a rise in sales* and …
Gazprom Neft: Reviews Gas Sales and Utilisation of Associated Petroleum Gas
The Board of Directors of Gazprom Neft has reviewed implementation of the programme aimed at improving its associated petroleum gas (APG) utilisation programme. Gazprom Neft is one of Russia’s leading companies in Russia in terms of greater APG utilization, with usage rates increasing by a half over the past four years — and this despite a significant growth in the volumes of APG produced, from …
TNGG: APG Utilization at Russian Oil Fields
M. N. Gagarin (LLC TyumenNIIgiprogaz) In the Russian Market, there are almost no widely available cheap technologies to collect and process associated petroleum gas, or APG. Similar technologies and projects can be found abroad, but these can be very expensive and would also need to be adjusted to Russian climatic …
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: Hydrocarbon Production Up 4.2%
JSC Gazprom Neft has published its consolidated financial results, in accordance with International Financial Reporting Standards for FY 2013. The company’s financial performance in FY2013 as compared to FY2012 was positively affected by an increase in hydrocarbon production volumes and the resulting rise in product sales via premium channels (small …
TATNEFT Is among Leaders in Associated Petroleum Gas Utilization
Based on the results of 2013 summed up by the government commission of the Fuel & Energy Complex on increasing the efficiency of associated petroleum gas utilization JSC TATNEFT is in the second place in terms of utilization of the associated petroleum gas. JSC “Surgutneftegas” is in the first place, …
TNK-BP to Boost Associated Gas Utilization in the East Uvat Hub by 50% to 78 Million Cubic Metres in 2012
TNK-BP is to boost utilization of associated petroleum gas (APG) at the East Uvat Hub in West Siberia by 50% versus 2011 to 78 million cubic metres, following the launch of a 15 MW gas piston power plant in September 2012. TNK-BP is implementing a program to expand APG utilization …