Rosneft Reports First Quarter Results ahead of the Geologists Day
Rosneft significantly increased the volume of geological exploration. Since the beginning of 2015, testing of four exploration wells was completed, a total of 28.5 thousand meters was drilled and the amount of Rub 10.819 bln. was invested in geological exploration operations. Nine seismic exploration projects were completed, including acquisition of …
Rosneft Reaches Agreements with Yukos Partners
Rosneft and a group of its subsidiaries including Samaraneftegaz, Tomskneft and Angarsk Petrochemical Company reached a dispute disposition agreement with Yukos Finance B.V., Yukos Capital sarl, Stichting Administratiekantoor Yukos International, Stichting Administratiekantoor Financial Performance Holdings, Consolidated Nile, LP, General Nile, LLC, Yukos International (UK) B.V., Luxtona Limited, Financial Performance Holdings …
GlobalData: Rosneft Focuses on Russian Gas as Latin American Prospects Appear Limited
Despite the recent Memorandum of Understanding (MoU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating Liquefied Natural Gas (LNG) projects in Russia, according to an analyst with research and consulting firm GlobalData. While the MoU can be interpreted as …
Rosneft: Cancels Northern Offshore’s Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Rosneft: Cancels Northern Offshore's Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Statoil: Looking for Heavy Oil Drilling Clearance
Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, targeting heavy oil fields, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions. Statoil plans to drill two wells at a heavy oil pilot project in …
North Atlantic Drilling: West Navigator Contract Terminated by Rosneft
North Atlantic Drilling Ltd. (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator in connection with the Framework Agreement. The drillship was indicatively scheduled to commence operations under its five-year contract with Rosneft during the summer of 2015, which would have required …
Igor Sechin Participated in the Mass Dedicated to the Death Anniversary of Hugo Chavez
The Head of Rosneft Igor Sechin participated in the mourning mass in commemoration of the former President of the Bolivarian Republic of Venezuela Hugo Chavez who passed away the very same day 2 years ago. The event took place at the Roman Catholic Cathedral of the Immaculate Conception of the …
Rosneft: 2014 Results – Production Up 4.8% Debt Down 23.7%
In commenting the 2014 results, I.I. Sechin, Chairman of Rosneft Management Board, said: “In spite of an ongoing crisis on the oil markets, the Company has maintained its dollar-denominated revenue at over $146 billion. The Company has been fully discharging its obligations under long-term crude oil supply contracts and aims …
SLC-Group: Horizontal Oil Well for Rosneft
New horizontal oil well # 5558 was drilled on Krasnoleninskoe oilfield for ROSNEFT oil company, with the using of the top drive system DQ70BSQ, which was set on the drilling rig ‘БУ 3000 ЭУК’. The well depth was 3962 m. Performance of the top drive had the following maximum values: …