Sercel: QuietSea Continues to Gain Momentum
Sercel announced today that its revolutionary new QuietSea™ system, used to detect the presence of marine mammals during seismic operations, has been successfully operating onboard multiple seismic vessels across a range of geographical locations. QuietSea was recently deployed and tested on a major 3D variable-depth streamer survey conducted by CGG in the Atlantic Ocean …
Oil and Gas Climate Initiative: CEO's Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …
Oil and Gas Climate Initiative: CEO’s Call For Climate Change Action
CEO’s of 10 global oil and gas companies make collaborative declaration on climate change: – Call for an effective climate change agreement at COP21. – Strengthen actions and investments to contribute to reducing the GHG intensity of the global energy mix. – Support the implementation of clear stable policy frameworks …
Repsol Makes Russia’s Largest Hydrocarbons Discovery in Two Years
Repsol has made two new hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in Western Siberia in Russia. According to the Ministry of Natural Resources and Environment of the Russian Federation’s calculations, these finds could add 240 million barrels of oil equivalent in recoverable resources for Repsol. According to …
Alliance Oil: Interim Report Revenues Up but Profit Down
Alliance Oil Company’s operational performance improved further in the first quarter of 2013. Average daily refining volumes in the reporting period were the highest in the Company’s history. Financial results were solid with operating cash flows, before changes in working capital, almost flat quarter-on-quarter. However, volume growth was offset by …
Repsol and Alliance Oil have Commenced Gas Production from the Syskonsyninskoye Field
Repsol and Alliance Oil have begun commercial gas production from the Syskonsyninskoye (SK) field in the Khanty-Mansiysk region of Russia, marking the first success of the A&R Oil and Gaz BV (AROG) joint venture created to explore for and produce hydrocarbons in Russia. Initial daily gas production is 855,000 cubic …
Alliance Oil: Revenues up 12%, Profit up 26%
Quarter ended 31 December 2012 Revenue of MUSD 908.7, up 10% from Q4 2011. EBITDA of MUSD 169.2, down 28% from Q4 2011. Profit before tax of MUSD 167.8, up 6% from Q4 2011. Profit for the period of MUSD 129.9, up 9% from Q4 2011. Year ended 31 December …
Alliance Oil Company: CAPEX plans for 2013
For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD[1] and focus on organic development of production assets in all regions, launching gas production in the Tomsk region and evaluating exploration potential in the Timano-Pechora region. Downstream capital expenditures are budgeted at 430-490 MUSD[2], essentially in line with 2012 …
Alliance Oil Interim Report for the Quarter and Nine Months Ended 30 September 2012
Quarter ended 30 September 2012 — Revenue of MUSD 904.3, up 14% from Q3 2011. — EBITDA of MUSD 214.0, up 23% from Q3 2011. — Profit before tax of MUSD 169.9, up 102% from Q3 2011. — Profit for the period of MUSD 132.0, up 109% from Q3 2011. …
Repsol and Alliance Oil complete the first phase of their exploration and production joint venture in Russia
Alliance Oil Company has transferred its upstream company Saneco to the joint venture with Repsol. Repsol contributed $37 million in cash to the joint venture and paid $36 million in cash to Alliance Oil. Alliance Oil holds a 51% stake and Repsol has a 49% stake in the joint venture. …