Rosneft Joins Global Initiative on Methane Emission Reduction
Rosneft Oil Company has joined the initiative of the world’s leading oil and gas companies and signed “The Guidelines for Methane Emission Reduction in Natural Gas Supply Chain” (hereinafter referred to as the Guidelines). The Company’s Strategy related to compliance with the 17 Sustainable Development Goals of the UN, approved …
Rosneft Launches Second Field of Erginsky Cluster
Rosneft has put into commission the West Erginskoye field that is a part of the Erginsky cluster. Chief Executive Officer of Rosneft Oil Company Igor Sechin ordered to launch the first oil shipment via teleconference during the Annual General Meeting of Shareholders of the Company that is taking place in …
Orenburgneft Introduces a Unique Technology for the Development of Hard-to-Recover Reserves
Specialists at Orenburgneft, a subsidiary of Rosneft, conducted successful pilot tests of an innovative technology for developing hard-to-recover reserves. The technology consists of thermogas-chemical exposure to a solution of mixtures that, under the influence of an activating substance, trigger a chemical reaction inside the formation. Under the influence of temperature, the …
Rosneft: Q1 Financial Results 2019 – NET Income Up 61.7% yoy
EBITDA growth of more than 1.4 times YoY to RUB 548 bln with the margin improvement to 26% Strong control over the costs: operating expenses fell by 10% QoQ Free cash flow growth of more than 1.4 times to RUB 197 bln compared to the same period of 2018 Strategic …
Rosneft: Q1 Operating Results 2019 – Production Up 3.4% yoy
Upstream Hydrocarbon production in Q1 2019 amounted to 5.90 mmboed (71.7 mmtoe), exceeding Q1 2018 level by 3.4%. Average daily hydrocarbon production decreased by 0.6% QoQ due to the Company’s compliance with its obligations under the OPEC+ Agreement. The reporting quarter liquids production amounted to 4.74 mmbpd (57.6 mmt), exceeding …
RDCR 2019 is Underway!
The 7th RDCR Well Engineering Conference at the Kempinski Baltschug is underway! With over 500 delegates all interested in sharing the industries technical innovations and experiences. Mikhail Pustovalov of NOV discussing optimised well completion design at RDCR 2019 using cemented ball drop system. Alexander Zamkovoi, TGT discussing Through-Barrier Diagnostics at …
Rosneft: 2018 Operating Results – Production Up 1.8%
Upstream Hydrocarbon production amounted to 285.5 mln toe (5.80 mmboed) in 2018, exceeded 2017 levels by 1.3%. Q4 2018 hydrocarbon production amounted to 73.7 mln toe (5.94 mmboed), which exceeded the Q3 2018 result by 1.8%. The Company produced 230.2 mmt of liquid hydrocarbons (4.67 mmbpd) in 2018 increasing its …
Rosneft: 2018 Final Figures – Revenue Up 37% EBITDA Up 48.6%
Financial performance Revenues and equity share in profits of associates and joint ventures 12М 2018 revenue boosted by more than 1.4 times YoY up to RUB 8,238 bln (USD 133.7 bln) mainly due to favorable world price dynamics (+41.2% in RUB terms and 31.4% in USD terms) and growth of …
New to RDCR 2019, Supervision Services Roundtable Session – Research and Development Center for Gas and Oil Technologies Gold Sponsors
New Supervision Services Roundtable Session Launched at RDCR 2019 The RDCR platform is expanding in 2019. TMG Worldwide is pleased to announce an exciting new addition to the event a Supervision Services Roundtable Session RDCR aims to assist and promote knowledge sharing and best practice adoption within the Russian …
Rosneft Completes Development of Its Own Geomechanics Simulator
Specialists from RN-UfaNIPIneft, a facility of Rosneft’s corporate Research and Development Complex, have completed their work on creation of the first industrial model of RN-SIGMA corporate software solution designed for geomechanics modelling when drilling. The software allows Company’s engineers expanding their application of geomechanics for borehole stability calculation and reducing …