BP Reports Second Quarter 2014 Results
BP today announced its financial results for the second quarter of 2014. Underlying replacement cost profits for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of …
Rosneft: Regarding Rulings of Arbitrations in Hague
Rosneft takes note of the rulings (published today) in related arbitrations brought by the former majority shareholders of Yukos Oil Company against the Russian Federation pursuant to the Energy Charter Treaty. Rosneft was not a party to, and did not participate in the arbitrations, is not bound by the published …
Rosneft: 2Q14 Results: Berkut Platform Commissioned, Daily Hydrocarbon Production Increased by 4.6% EBITDA Increased by 41%, Net Income Increased by 5 Times, Net Debt Reduced by 365 Billion Roubles
In 1H14, the Company continued to demonstrate strong financial results due to stable hydrocarbon production levels, successful development of new projects, capital discipline and control of operational expenses. Hydrocarbon production amounted to 5 million barrels of oil equivalent per day which is 4.6% higher than in 1H13. Daily crude oil …
Igor Sechin With Working Visit to Murmansk Region
On July 26 the head of Rosneft Igor Sechin paid a working visit to Murmansk region, during which he observed the objects of support coastal base of Rosneft offshore projects in Western Arctic. At the moment the Rosneft Company is implementing large-scale oil and gas projects in Arctic, which have …
Rosneft Starts Up Field Work in the Kara Sea
On July 24 this year, research vessel Geolog Dmitry Nalivkin sailed from Kirkenes (Norway) to the Kara Sea. In the next three months 2D seismic survey, will be carried out in the three Vostochno-Prinovozemelsky licenses. The field work will be conducted in the surface area that totals almost 7 thousand …
Moody’s: Russia Sanctions Hamper Rosneft, Gazprom Debt Refinancing
Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, a report by Moody’s Investors Service said. Moody’s said there was a very significant bank and bond debt maturity hurdle for Russian companies concentrated among Rosneft and state-controlled gas company Gazprom in 2015. Russian companies are facing tougher …
Rosneft and Russian Geographical Society Held Round Table Meeting on Scientific Development of Arctic
Rosneft and Russian Geographical Society have held a round table meeting on Scientific Arctic Development in Rosneft research center. Scientists have discussed the possibility of elaborating a special scientific, interdisciplinary program on complex research of Arctic region. The peculiarities of anthropogenic activities are taken into account, including ecological regulations of …
Rosneft To Conduct Marine Monitoring in the Northern Sea Route
OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014. The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said studies is collection of data on marine fauna in Rosneft License Areas with …
Rosneft Statement Regarding Being Entered on OFAC Sectoral Sanctions List
In connection with Rosneft being included in the OFAC sectoral sanctions list, the Company is willing to state as follows: Rosneft has no influence on either political or economic processes ongoing in Ukraine. For this reason, the above-mentioned sanctions are illegitimate and groundless. Rosneft is a public company traded on …
Rosneft Chosen the Only Fuel Supplier for EMERCOM for 2 Years
According to the command of Russian Federation Government, NK Rosneft and its subsidiaries have been chosen the only fuel suppliers of motor and aviation fuel for Russian EMERCOM for 2 years. Rosneft will supply fuel for use of State EMERCOM Fire-Fighting Service by means of rail transport at the territory …