C.A.T Oil AG: Revenues Up 30% in One Year
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, achieved outstanding results in the first nine months of 2013. The Company increased its revenues by more than 30% to EUR 322.9 million (Q1-3 2012: EUR 246.3 million) and its EBITDA by …
C.A.T oil AG: Significant Increases in Investment and Core Services
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, will invest EUR 390 million from 2014 to 2016, EUR 300 million dedicated to bring on stream new operating capacity and EUR 90 million for maintenance. The approved investment program suggests that …
Tatneft: Figures for the First 10 Months of 2014 – Drilling Down, Production up 0.6%
Crude Oil Production The amount of 2,219,585 tons of crude oil was produced at JSC TATNEFT in October accounting for 100.6 percent versus October, 2012 (+12,536 tons). The amount of 21,737,914 tons of crude oil was produced during ten months, which was 74,794 tons more than during ten months of …
Greenpeace Assails Oil Rig in Russian Arctic
Greenpeace activists have launched an attempt to board a Russian oil platform and prevent it drilling in the Arctic. The group released pictures of two activists scaling the side of the giant Prirazlomnaya platform, and of security forces boarding one of its boats. The project, run by oil monopoly Gazprom, is Russia’s …
Max Petroleum: Successful Well Drilled in the Borkyldakty Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has finished drilling the BOR-4 development well in the Borkyldakty Field, reaching total vertical depth of 1,609 metres. The well successfully encountered approximately 31 metres of net oil pay across …
Kara-Summer 2013 Expedition Ends Fieldworks in the Kara Sea
The Kara-Summer 2013 expedition organized by Rosneft in partnership with the Arctic and Antarctic Research Institute completed its voyage on August 16, 2013. Experts spent 30 days at sea aboard the Akademik Fyodorov survey vessel owned by the Arctic and Antarctic Research Institute. They conducted a large scale met-ocean survey …
Novatek announces second quarter and first half 2013 IFRS results
NOVATEK released its consolidated interim condensed financial information for the three and six months ended 30 June 2013 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial and Operational Highlights (in millions of Russian roubles unless otherwise stated) 2Q 2013 2Q 2012 1H 2013 1H 2012 Revenues 57,918 …
Max Petroleum: Halliburton to Provide Integrated Project Management Services To Drill and Complete NUR-1 Pre-salt Well
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has entered into a memorandum of understanding with Halliburton Kazakhstan LLP, a subsidiary of Halliburton Energy Services, whereby Halliburton will provide integrated project management services for the drilling and completion of …
Max Petroleum Plc: Successful development well at Zhana Makat
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-A21 development well in the Zhana Makat Field has successfully reached a total vertical depth of 861 metres, encountering hydrocarbons in Neocomian and Jurassic sandstone reservoirs in line with expectations. …
Tatneft: Figures Demonstrating Results of Operations in June and for Six months of 2013
Crude Oil Production The amount of 2,145,524 tons of crude oil was produced at JSC TATNEFT in June accounting for 100.6 percent versus June 2012. The amount of 12,931,623 tons of crude oil was produced during six months, which was 18,392 tons more than in 2012 (100.1 percent) with the …