Gazprom Neft Establishes Joint Venture with Spain’s Repsol in Khanty-Mansiysk Autonomous Okrug
Gazprom Neft PJSC has acquired a 25.02 per cent stake (with the right to increase this to 50 per cent) in Evrotek-Yugra. Evrotek-Yugra, owned by Spain’s Repsol, holds exploration and production rights to seven license blocks in the Khanty-Mansiysk Autonomous Okrug. This joint enterprise will continue geological prospecting works in …
Statoil and Repsol Trade Assets in UK, Norway, USA and Mexico
These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. – Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a …
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 …