Gazprom Neft: 9M Results – Production Up 22%, EBITDA Up 9.3%
Gazprom Neft has published its consolidated financial results for 9M 2015, prepared in accordance with International Financial Reporting Standards (IFRS). Rising hydrocarbon production, retail sales and efficient management drove a Y-o-Y increase in adjusted EBITDA* of 9.3% (RUB 312 bln) for 9M 2015. A 0.6% Y-o-Y decline in sales was …
Gazprom Neft: Production Volumes Replaced Five Fold
As at 31 December 2014 Gazprom Neft’s total proved and probable (2P) hydrocarbon reserves (including the Company’s share in joint ventures*) by international SPE-PRMS** standards amounted to 2.55 billion tonnes of oil equivalent. This represents an 11.5% or 263 million tonnes increase over 2013’s figures. Gazprom Neft’s production volumes in …
NOVATEK: Launch of Second Stage of the Urengoyskoe Field
NOVATEK announced today that SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) launched the second stage of the Urengoyskoye field (within the Samburgskiy license area) including the second train of the gas condensate de-ethanization unit. Overall capacity of the two stages of field development is approximately 13 billion …
Novatek: Urengoyskoye, Stage 1, Reaches Full Design Capacity
OAO NOVATEK announced today that the first stage of the Urengoyskoye field within the Samburgskiy license area developed by SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) reached its full design capacity of approximately seven (7) billion cubic meters (bcm) of natural gas and 2.5 million tons of …
Gazprom Neft: 9M Results – Production Up 5.3% YoY, Income Hit By Rouble Devaluation
JSC Gazprom Neft has published its unaudited consolidated financial results, in accordance with International Financial Reporting Standards for 9M 2014. The increase in crude oil production and product sales, including sales through premium channels (small wholesale and Company retail network, aviation refueling and bunkering) drove a rise in sales* and …
SeverEnergia: Launches Third Stage of the Samburgskoye Field
OAO NOVATEK announced the launch of the third stage of the Samburgskoye gas condensate field developed by SeverEnergia, a joint venture between OAO NOVATEK and OAO GazpromNeft. The launch of the third stage, which exceeds two (2) bcm of natural gas per annum, will enable the field to achieve peak production capacity …
Gazprom Neft: Q1 Financials – EBITDA Up but Profit Down Due to Foreign Exchange Losses
A stronger financial performance in 1Q 2014 compared with 1Q 2013 was driven by increased hydrocarbon production volumes and a rise in product sales via premium channels. These factors led to a 9.6% Y-o-Y increase in adjusted EBITDA* (84.03 RUB bln). Net profit attributable to Gazprom Neft’s shareholders was 37.82 …
Novatek Confrim Severenergia with Gazprom Neft
The Board of Directors of OAO NOVATEK resolved yesterday to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia joint venture. NOVATEK currently holds 59.8% of the joint venture, with Gazprom Neft holding the remaining 40.2% equity stake. The …
Gazprom Neft and Novatek Agree to Equal Ownership of SeverEnergia
Gazprom Neft and Novatek have announced an agreement for 50/50 ownership of SeverEnergia’s shares. Following a series of transactions with Novatek, Gazprom Neft will increase its effective ownership of the joint owned company by 9.8% to 50%. Vadim Yakovlev, First Deputy CEO of Gazprom Neft, said: “The agreement between SeverEnergia’s …
Gazprom Neft: Hydrocarbon Production Up 4.2%
JSC Gazprom Neft has published its consolidated financial results, in accordance with International Financial Reporting Standards for FY 2013. The company’s financial performance in FY2013 as compared to FY2012 was positively affected by an increase in hydrocarbon production volumes and the resulting rise in product sales via premium channels (small …