GlobalData Analyst: Russia’s Oil and Gas Tax Policies Increasingly Looking Eastward
The recent changes in the taxation of Russia’s oil and gas sector reflect both the country’s pivot eastward and the special treatment afforded to its state-controlled energy companies, says an analyst with research and consulting firm GlobalData. Russia’s recent fiscal changes shift the tax burden from export duty on oil …
Gazprom: 2014 Results, Sales Up, Profits Down
Today Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2014. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended …
Gazprom: 2014 Results – Sales Up But Profits Down
Today Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2014. The table here presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended September …
RAO/CIS Offshore 2015: Prospects of Development of Offshore Oil and Gas Fields
15 – 18 September 2015, RAO/CIS Offshore, 12th International Conference and Exhibition for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf, will be held in Saint-Petersburg, Russia. RAO / CIS Offshore is the event with a twenty-year history, which leading Russian scientists and the world’s …
Eni Sells its Stake in South Stream
Eni entered into an agreement for the sale of its 20% stake in South Stream Transport B.V. to Gazprom. Following the transaction, Eni will recover the capital invested to date in the project, calculated coherently with existing agreements. Before the agreement, South Stream Transport was owned by Gazprom with a …
Russian Drilling Market: A Paradigm Shift
In all likelihood, the year 2014 will go down on record as a turning point for the Russian drilling market. New trends have been seen on this market for the first time in several years, i.e. a decline in the scope of total drilling instead of growth that was recorded …
Gazprom & Russian Gas Production Overview & Future Developments
In the first part of this article, we look at reserves and major projects for the Russian upstream gas sector. In part 2, to be published in the next issue of ROGTEC Magazine, the article will conclude by looking at the production outlook, including market risks. One of the conundrums …
Gazprom and UniCredit Sign Credit Agreement Worth EUR 390 million
Gazprom and UniCredit Bank signed a bilateral credit agreement worth a total of EUR 390 million in Vienna yesterday. The agreement is of great historical significance both for promoting the mutually beneficial relations between the two companies and for wider cooperation of Gazprom with financial communities of Italy and the entire Europe. Gazprom’s delegation was led by Andrey Kruglov, …
Saipem: Yet to Receive Formal Notice of South Stream Cancellation
With reference to the contract for the construction of the South Stream pipeline, Saipem notes the statements made by the Russian authorities and Gazprom’s chairman in the media. Saipem states that it has not received any formal notice of termination of the contract from the client, South Stream Transport BV. …
South Stream: Alexey Miller – “The Project is over.”
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …