Sakhalin-2 Prepares to Bring Previously Untapped Reserves of the Lunskoye Field into Development
Sakhalin Energy (a subsidiary of Gazprom, operator of the Sakhalin-2 project) is beginning the practical implementation of measures to develop previously untapped reserves of the resource base of the Sakhalin-2 project. The main source of feed gas for the Sakhalin-2 LNG plant is the Lunskoye oil, gas and condensate field …
Kazakhstan Plans to Include 25 New Subsoil Areas in Gas Exploration in 2026
In 2026, Kazakhstan plans to include 25 new prospective subsoil areas in the state subsoil management programme and thereby increase the country’s natural gas resource potential.This was reported by the press service of the Ministry of Energy of the Republic of Kazakhstan. The Ministry of Energy of the Republic of …
Gazprom Subsidiary Consolidates Assets in the Khanty-Mansi Autonomous Okrug
Salym Petroleum Development (SPD) Oil Company from the Khanty-Mansi Autonomous Okrug, a subsidiary of Gazprom Neft, has begun a reorganization process. It will merge with the firm Salym-2 from Khanty-Mansiysk. “The company notifies about the reorganization in the form of a merger with Salym-2 LLC. Creditors’ claims may be submitted …
Rosstat Reports 2.4% Increase in Gas Production in Russia in April
Natural gas production in Russia in April reached 55.9 billion cubic meters, which is 2.4% higher than in April 2024 (54.6 billion cubic meters), according to Rosstat. The demand for gas was supported by low hydroelectric power generation (down 15% compared to the previous year) and cold weather. The figure, …
Revenue of Public Joint Stock Company Gazprom Increased by 25 Percent in the Year 2024
In the year 2024, Public Joint Stock Company Gazprom reported a net profit under International Financial Reporting Standards (IFRS) of 1.219 trillion Russian rubles, compared to a net loss of 629 billion Russian rubles in the previous year. Following the publication of its financial report, the company’s shares rose by …
How Did the Shares of Public Joint Stock Company Gazprom React to the Financial Report Indicating a Profit of 1.2 Trillion Russian Rubles?
The shares of Public Joint Stock Company Gazprom fell on the Moscow Exchange following the release of its financial results for the year 2024. Gazprom reported a net profit under International Financial Reporting Standards (IFRS) of 1.219 trillion Russian rubles for 2024. Following the publication of the financial report, shares …
Gazprom Confirms Letter on Mass Layoffs in Central Office
The company proposed to reduce the number of central office staff from 4,100 to 2,500 people, follows from a letter to the head of Gazprom. This letter is relevant, the company reported, but declined to comment on it. The letter with the proposal of the Deputy Chairman of the Management …
A New Gas Production Site Will Be Introduced in Kovykta
Glavgosexpertiza of Russia has issued a positive conclusion for the 13th stage of development of the unique Kovykta gas condensate field. It was put into pilot operation in 2022 and, along with the Chayandinsky field, serves as a resource base for the Power of Siberia gas pipeline and the Amur …
More than 60 Russian Organizations from Various Industries Have Been Involved in the Implementation of the Sakhalin-3 Project
Starting in 2026, underwater fountain fittings will be introduced at the field. More than 60 Russian organizations from various industries were involved in the implementation of the Sakhalin–3 project. This was stated by the head of the Ministry of Industry and Trade of Russia Anton Alikhanov in an interview with …
The Story of Wintershall Dea, which Severed Ties with the Russian Federation, Ended with the Sale of Its Main Assets
The British independent mining company Harbour Energy has completed the purchase of the main mining assets of the German Wintershall Dea, which was the largest oil and gas company in Germany. According to the Wintershall Dea report, since September 3, Wintershall Dea‘s exploration and production business (with the exception of …