Gazprom Neft

Gazprom Neft’s Board of Directors has reviewed the initial results of the 2013 investment programme and budget as well as plans for 2014. In the current year the Company’s production is expected to reach 62.2 million tonnes of oil equivalent, a 4.3 % increase over 2012. Refining throughput will reach …

Gazprom Neft has signed a $2.15 billion club term facility agreement with a group of international banks. The facility is an amortizing* $2.15 billion term loan with a final maturity date falling five years from the date of the first utilization and a two-years grace period. The facility has a …

Russia’s Gazprom Neft is reportedly looking at building two concrete gravity base platforms to develop its Dolginskoye field in the Pechora Sea, similar to the unit set to start producing from the nearby Prirazlomnoye oilfield in the Arctic play reported Upstream. Representatives of the oil subsidiary of Russian gas giant …

Yamal Development (a 50/50 Joint Venture between OAO Gazprom Neft and OAO NOVATEK) signed a binding agreement with the Italian energy company, Eni on acquiring a 60% equity stake in Arctic Russia B.V., which owns 49% of the SeverEnergia Joint Venture. The value of the transaction is USD 2,940 million. The transaction is subject to receipt of necessary approvals. Following completion of the transaction, …

Italian oil and gas group Eni has agreed to sell its stake in natural gas producer SeverEnergia to Russia’s Novatek and Gazprom Neft for $2.94 billion reported Reuters. * Eni to be paid cash at closing * Enel earlier sold SeverEnergia stake to Rosneft * Eni exits upstream development in …

Gazprom Neft and Novatek are considering increasing their joint controlling stake in gas producer SeverEnergia, to counter any ownership challenge by state oil giant Rosneft, a document obtained by Reuters said. Potentially one of Russia’s largest partly foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic meters of …

Italy’s biggest utility Enel has completed the $1.8 billion sale of its stake in Russian natural gas producer SeverEnergia to Kremlin-controlled Rosneft, despite resistance from other shareholders reported Reuters. The deal has increased tensions between Russia’s oil barons, a headache for Russian President Vladimir Putin as he looks to boost …

Gazprom Neft and Vietnam Oil and Gas Group (PetroVietnam) have signed a framework agreement setting out the terms of Gazprom Neft’s proposed acquisition of a stake in the Dung Quat oil refinery and the refinery’s planned modernisation programme. Gazprom Neft will acquire a 49% share in Binh Son Refining and Petrochemical, which …

Gazprom Neft today announces its unaudited consolidated financial results for 9M 2013, which have been prepared in accordance with International Financial Reporting Standards (IFRS). An increase in production and sales of petroleum products via premium distribution channels (retail and the Company’s own chain of petrol stations, sales of kerosene and …

A new world seismic surveying record has been set on the Gazprom Neft operated Shakal block in Iraq. During the seismic study, data was transmitted from more than 6,200 sensors using RT System 2 wireless recording. According to Wireless Seismic, Inc., which manufactured the equipment, this is the greatest number of …