Rosneft: Operating Results for Q1 2018
Q1 2018 AVERAGE DAILY HYDROCARBON PRODUCTION AT 5.71 MMBOE, CLOSE TO Q1 2017 LEVEL LIQUIDS PRODUCTION INCREASED BY 0.3% QoQ NEW UPSTREAM PROJECTS CAPACITY GROWTH IN LINE WITH THE APPROVED PLANS Q1 2018 GAS PRODUCTION AMOUNTED TO 16.9 BCM REFINING QUALITY IMPROVEMENT: LIGHT PRODUCTS YIELD REACHING 58.8%, REFINING DEPTH – …
Rosneft: Financial Results for 1Q 2018
Revenue growth by 22% to RUB 1.72 trln in 1Q 2018 EBITDA increase by 15.6% up to RUB 385 bln in 1Q 2018 Net income jumps by more than by 7 times to RUB 81 bln Considerable improvement in free cash flow to RUB 142 bln Short-term financial liabilities cut …
Gazprom Leads in Total Production Outlook Among NOCs to 2020, says GlobalData
Among national oil companies (NOCs) considered – Gazprom, Rosneft Oil Company, Statoil, Oil and Natural Gas Corporation Ltd. (ONGC), Ecopetrol SA and Petróleo Brasileiro S.A. (Petrobras), and Petroliam Nasional Berhad (Petronas) – Gazprom has the highest remaining reserves for producing, planned and announced fields, with 84.5 billion barrels of oil …
Additional Provisions to Rosneft-2022 Strategy and New Initiatives Focused on Shareholder Value Creation
Rosneft Board of Directors approved additional initiatives to “Rosneft-2022” Strategy taking into account the message of the President of the Russian Federation Vladimir Putin to the Federal Assembly. As previously announced, Rosneft-2022 key strategic focus is to increase profitability and returns on the existing assets. Our portfolio is comprised of …
Rosneft: Completes Super Deep Maria-1 Well at the Zapadno-Chernomorskaya License Area
Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black sea. The water depth at the drilling site reaches 2109 meters. The actual well depth is 5265 meters. Drilling this well discovered a unique carbonate structure with …
ExxonMobil: Transfers 33% Holdings Back to Rosneft After Sanction Pullout
In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following: – ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out …
ExxonMobil: Exits JV’s with Rosneft Over Offshore Sanctions
ExxonMobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project. ExxonMobil’s decision to quit its biggest exploration region was made late last year as the U.S. expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects …
Rosneft: Proved Hydrocarbon Reserves UP by 6% in 2017, Total Reserve Life – 20 Years of Production
As of December 31, 2017, the Rosneft’s SEC (United States Securities and Exchange Commission) proved hydrocarbon reserves achieved 39,907 mmboe (5,395 mmtoe). The hydrocarbon reserves increased by 2,135 mmboe (284 mmtoe) or by 6% compared to the reserves at the end of 2016. The audit, which provided for the reserves …
6th RDCR 2018 – Date, Venue & Sponsors Announced
TMG Worldwide are pleased to announce that the 6th RDCR will be returning to the Kempinski Baltschug Hotel for the 5th year running on the 12th April, 2018. Now in its 6th year, the RDCR 2018 will see an expanded format that includes not only the traditional focus areas of …
Rosneft: Agrees with BP to Explore the Kharampurskoe and Festivalnoye Licence Areas
Rosneft and BP have agreed to develop subsoil resources within the Kharampurskoe and Festivalnoye licence areas of the Yamalo-Nenets Autonomous Okrug in northern Russia, with total geological reserves exceeding 880 bcm of gas. The project envisages the development of the traditional gas reserves of the Cenomanian deposit, pilot production and …