Gazprom Neft

The GSP Saturn drilling platform has been delivered for test drilling at the Dolginskoye field. The jackup rig was contracted by Gazprom Neft’s subsidiary, Gazpromneft Sakhalin, which operates the Dolginskoye field on the continental shelf in the Pechora Sea. An exploration well will be drilled from the platform during the …

This year’s St. Petersburg International Economic Forum was marked by the signing of a number of strategic collaboration agreements between Gazprom Neft and various domestic suppliers, including OMZ (Uralmash-Izhora Group) and Hydromashservice (HMS Group). These agreements underline the company’s commitment to ongoing collaboration with Russian suppliers to ensure the fulfilment of its requirements for high-quality equipment at its onshore and …

James Henderson The Oxford Institute for Energy Studies Click here to read part 1 3. Corporate Activity in Russia’s Tight Oil Reservoirs Rosneft As befits Russia’s National Oil Company, Rosneft has taken the leading role in the development of the country’s tight oil reserves, in particular since the announcement of …

Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with leading CIS onshore and offshore drilling service provider Eurasia Drilling Company Limited (EDC). Under the terms of this agreement, Gazprom Neft has estimated the full range of drilling services required by its subsidiary production companies, to be provided by EDC’s regional affiliates. EDC guarantees …

A stronger financial performance in 1Q 2014 compared with 1Q 2013 was driven by increased hydrocarbon production volumes and a rise in product sales via premium channels. These factors led to a 9.6% Y-o-Y increase in adjusted EBITDA* (84.03 RUB bln). Net profit attributable to Gazprom Neft’s shareholders was 37.82 …

James Henderson : The Oxford Institute for Energy Studies Part 1, click here to read part 2 Introduction Production of unconventional oil has transformed the US energy landscape, creating the potential for that country to reduce its reliance on oil imports and to contribute to the possibility of North America’s …

The Board of Directors of OAO NOVATEK resolved yesterday to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia joint venture. NOVATEK currently holds 59.8% of the joint venture, with Gazprom Neft holding the remaining 40.2% equity stake. The …

Gazprom Neft and Novatek have announced an agreement for 50/50 ownership of SeverEnergia’s shares. Following a series of transactions with Novatek, Gazprom Neft will increase its effective ownership of the joint owned company by 9.8% to 50%. Vadim Yakovlev, First Deputy CEO of Gazprom Neft, said: “The agreement between SeverEnergia’s …

Gazprom Neft’s Board of Directors has reviewed the Company’s 2013 investment programme and budget. Gazprom Neft’s 2013 investment programme amounted to nearly RUB 219 billion. In 2013, the Company produced 62.3 million tonnes of oil equivalent, 4.3% more than in the previous year. In 2013, the Company switched all of its refineries to …

Gazprom Neft has become the first Russian company to join the Arctic Oil Spill Response Technology Joint Industry Programme (JIP) run by the world’s largest oil and gas companies. The four-year JIP was launched in December 2012 to carry out research in several areas, including studying the fate of dispersed …