Oil & Gas Operators

Gazprom Neft Develops Projects Based on Long-term Risky Operator Agreements

The Gazprom Neft Board of Directors reviewed information on the progress of the company’s projects under long-term risk operator agreements at the fields of PJSC Gazprom and the tasks for their implementation in  2021-2022. Development of oil rims, Neocomian-Jurassic gas and gas condensate deposits, licensed by Gazprom and its subsidiaries – …

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Oil & Gas Operators

The Gazprom Group’s Sustainable Development Policy was Approved

 PJSC Gazprom’s Board of Directors approved the Gazprom Group’s Sustainable Development Policy. The document consolidates the Group’s mission in this area – to make a positive contribution to the social and economic development of the Russian Federation and other regions of the company’s presence, following the principles of environmental and social responsibility.  …

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Oil & Gas Operators

Severneftegazprom: Five Billion Cubic Metres Turonian Gas Produced

Severneftegazprom, a joint venture of Wintershall Dea, Gazprom, and OMV, is successfully advancing the development of the hard-to-recover Turonian deposits of the Yuzhno-Russkoye oil, gas and condensate field in Western Siberia. In April 2021, the company reached an important milestone: five billion cubic metres of Turonian gas produced since the …

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Oil & Gas Operators

Gazprom’s Financial Statements Under International Financial Reporting Standards (IFRS) for 2020

Today PJSC Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2020. The table below presents the main items of the consolidated statement of comprehensive income prepared in accordance with IFRS for the years ended December 31, 2020 and December 31, 2019. All …

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Oil & Gas Operators

Gazprom Continuing to Develop and Implement Innovative Projects

The Gazprom Board of Directors took note of the information about the effect achieved as a result of the utilization of the funds allocated for scientific research, experimental development, and technological works (R&D activities), as well as about the approval of the overall key performance indicator of innovative activities for 2021, and approved the 2020 Report on the implementation of Gazprom’s Innovative Development Program until 2025. …

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Oil & Gas Operators

Gazprom to Continue Pursuing Priorities in Natural Gas-Based Hydrogen Energy Development

The Gazprom Board of Directors took note of the information about hydrogen production and utilization, as well as exports of hydrogen and methane-hydrogen mixtures with the use of the existing gas infrastructure. It was highlighted that in recent times many countries are viewing hydrogen energy as an area essential for the implementation of national low-carbon development strategies. However, hydrogen is a secondary energy source, i.e. …

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Oil & Gas Operators

Gazprom and Wintershall Dea Begin Production from Block 5А in Achimov Formations of Urengoyskoye Field as Part of Comprehensive Testing

Achim Development, a joint venture of Gazprom and Wintershall Dea, started gas and gas condensate production from Block 5А in the Achimov formations of the Urengoyskoye field within the framework of comprehensive testing (hot commissioning) of the project equipment. Earlier in January 2021, hydrocarbon production began at Block 4А in the Achimov formations of the Urengoyskoye field. Currently, both blocks – 4А and 5А – are …

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Oil & Gas Operators

NOVATEK Wants to Buy the Tambeyskoye Field from Gazprom

According to Kommersant’s information, the head of NOVATEK, Leonid Mikhelson, has made a new attempt to get from Gazprom the giant Tambey group of fields with reserves of 7.3 trillion cubic meters of gas. According to Kommersant’s sources, Mr. Mikhelson was able to convince Vladimir Putin that it would be strategically …

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Oil & Gas Operators

Alexey Miller and Leonid Mikhelson Review Issues of Cooperation Between Gazprom and NOVATEK

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Leonid Mikhelson, Chairman of the Management Board of NOVATEK, took place today in St. Petersburg. The parties reviewed issues pertaining to cooperation between the companies. source

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Oil & Gas Operators

Gazprom’s Projects Make an Important Contribution to the Social and Economic Development of the Yamalo-Nenets Autonomous Okrug

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee,  and Dmitry Artyukhov, Governor of the Yamal-Nenets Autonomous Okrug (Yamalo-Nenets Autonomous Okrug) took place in St. Petersburg today  . It was noted that the large-scale work of the company on the territory of the Okrug makes an important contribution to the socio-economic development …

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