Government Orders Sale of Wintershall Dea and OMV Stakes in Severneftegazprom to SOGAZ
Russian Prime Minister Mikhail Mishustin has signed an order to sell stakes to SOGAZ in companies established to “Russify” the joint venture between Gazprom and Germany’s Wintershall Dea and Austria’s OMV for the development of the Yuzhno-Russkoye field. According to the published government resolution, based on SOGAZ’s application dated March …
Gazprom Group Began Oil Production at Block 6A of the Achimov Formations of the Urengoy Field
The first commercial oil inflow was ensured by four wells and two mobile oil treatment units. In the future, for the full-scale development of block 6A, more than 40 wells will be drilled and the existing field infrastructure will be utilised. The Achimov oil formations of the Urengoy field are …
Cumulative Gas Production at Semakovskoye Field Reaches 25 bcm
RusGazAlliance, a joint venture of Gazprom and RusGazDobycha, has produced more than 25 billion cubic metres of natural gas at the Semakovskoye gas field in the Yamalo-Nenets Autonomous Okrug (YNAO). This was reported by the company’s press service. RusGazAlliance, the operator of the field, reached this milestone within 39 months …
Novy Urengoy Drilling Company Paid 1.7 Billion Rubles in Debt and Avoided Bankruptcy
Within six months, NUBK repaid debts totaling 1.7 billion rubles. In the Yamalo-Nenets Autonomous Okrug, bankruptcy proceedings against one of the largest partners of Gazpromand Rosneft — the Novy Urengoy Drilling Company (NUBK) — have been completed. In September 2025, the company failed to pay taxes and penalties to the …
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 …