Rosneft To Take Over Russian Gas Firm Itera for $3bln
Russia’s state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in challenging Gazprom’s industry dominance. Rosneft already owns a 51 percent stake in Itera, which was the top gas supplier to the …
Dragon Oil plc: Interim Management Statement
Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, issues its Interim Management Statement in accordance with the EU Transparency Directive. The statement covers the period from 1 January 2013 to date. The financial, production and drilling results data are for the period from …
Exillon Energy plc: Interim Management Statement
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), today issues its Interim Management Statement for the three month period ending 31 March 2013 (the “period”). Highlights · Average daily production of 14,869 bbls/day …
Gazprom: Gas Supply Payment Regulation in Need of Improvement
The Gazprom Management Committee took notice of the information on developing the Russian gas market and enhancing the payment discipline. It was noted that over several years the regulated prices for gas supplied by Gazprom to the domestic market had not secured enough investments needed for developing and upgrading gas production storage and transmission facilities. In addition, new approaches to gas taxation complicate the matter as they …
Gazprom and China sign Memorandum of Understanding For Gas Supplies Via The Eastern Route
Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, CNPC President signed in the presence of Vladimir Putin, President of the Russian Federation and Xi Jinping, President the People’s Republic of China a Memorandum of Understanding on the cooperation between the two companies within the project for pipeline gas supplies to China via the eastern route. “The signed …
Tatneft: Figures Demonstrating Results of Operations in January 2013
Crude Oil Production The amount of 2,208,944 tons of crude oil was produced at the JSC TATNEFT in January or 100.3% versus January 2012 with the above-the-plan production in the amount of 51,524 tons (102.4%). 2,183,370 tons of crude oil were delivered with the above-the-plan delivery amounting to 70,570 tons. …
Tethys Doubles Gas Price in Kazakhstan
Tethys Petroleum Limited (“Tethys”) (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia, today announced that it has effectively doubled the net price of the gas which it is selling in Kazakhstan. New gas price after marketing and distribution costs USD65 (USD72.8 including VAT) per 1,000 cubic metres (previously USD32.5 including VAT for the …
TNK-BP Increased Gas Production in the Orenburg Region by 26% in 2012
TNK-BP informs that OJSC Orenburgneft (a TNK-BP Group company) produced 3.4 bcm of gas in 2012, which is 26% more than in 2011. TNK-BP has been implementing a large-scale program aimed at production development in the mature fields of the Orenburg Region, one of the oldest petroleum provinces in Russia …
Arctic Tax Breaks Appearing from the Ice
The Russian State Duma has in a first reading proposed to abolish the property tax for all offshore Arctic gas projects. The tax reform, which is included in a legislative bill on offshore gas fields, comes after major pressure and long-dragged negotiations between Gazprom and government officials. As previously reported, …
TNK-BP Announces Discovery of New Fields in Orenburg Region
TNK-BP announces the discovery of new oil fields in the Pokrovsko-Sorochinskiy and Radovskiy blocks, with estimated potential recoverable reserves of 4 million tonnes in the ABC1 category and 1 million tonnes in the C2 category. The future development plan for the new fields includes a detailed appraisal of the acreage …