Tuesday, November 5, 2024

Oil Arm News

Gazprom increases first-half gas production by 16%

Gazprom, the Russian gas company, announced on Monday that its output of natural gas increased by 16% in the first half of 2024 compared to the same period last year. This continued…

Gazprom Neft Considering Arctic LNG Production

Novoport field (Photo: Gazprom Neft)

Gazprom Neft, the oil arm of Russian gas giant Gazprom, is studying the possibility of its own liquefied natural gas (LNG) production in the Arctic as it tries to monetize its vast…

Russian Energy Firms Discuss Cooperation Saudi Aramco Chief

 Saudi Aramco Chief Executive Amin Nasser (Photo: Saudi Aramco)

The head of Russian oil giant Rosneft, Igor Sechin, and Saudi Aramco Chief Executive Amin Nasser held talks in Moscow on Friday on areas for cooperation, Rosneft said.Rosneft, the world's…

Gazprom Neft: Work Restarted on Prirazlomnoye Platform

Russia's Gazprom Neft, the oil arm of state gas producer Gazprom, restarted work on its Arctic offshore platform Prirazlomnoye on Oct 5 after three months of maintenance, a company executive told Reuters on Monday.

Gazprom Neft Discovers New Oil Field Off Sakhalin

Gazprom Neft, the oil arm of state-controlled gas company Gazprom, has discovered a new oil field off the Pacific island of Sakhalin, chief executive Alexander Dyukov told Rossiya 24 TV in an interview.

Gazprom Neft Mulls Paying Interim Dividends

Russia's Gazprom Neft, the oil arm of state gas company Gazprom, is considering paying interim dividends, although no final decision has been made yet, the company said on a conference call with investors on Thursday.

Gazprom Neft's Profit Slides on Weaker Rouble

Photo: Gazprom Neft

Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, said on Wednesday its 2015 net profit declined 10 percent to 109.7 billion roubles ($1.5 billion) due to a weaker rouble and depreciation costs.

Gazprom Neft: Arctic Oil Supply Deal Signed

Gazprom Neft, the oil arm of Russian gas giant Gazprom, said on Tuesday it had prolonged a deal to supply oil from the Prirazlomnoye Arctic oil field with an unnamed international firm in 2016.

Gazprom Neft Increases Iraqi Badra Output

Russia's Gazprom Neft, the oil arm of state gas producer Gazprom, said on Thursday production at its Iraqi Badra oil field reached 45,000 barrels per day. The production was increased from 35…

Russia's Gazprom Neft Sees Output Up

Gazprom Neft, the oil arm of state gas producer Gazprom, sees its hydrocarbon output growing by no less than 10 percent in 2015, Alexander Mikheev, an official at the company, told a conference call.

Gazprom Neft Doubles Iraq Badra Output

Russia's Gazprom Neft, the oil arm of state gas company Gazprom, said on Wednesday it has almost doubled oil production at Badra oil field in Iraq. Gazprom Neft-led Badra oil field now produces around 27…

Gazprom Neft to Boost Output to 2m bpd by 2020

Russia's Gazprom Neft is on track to produce 2 million barrels of oil equivalent per day from 1.6 million bpd now, Chief Executive Alexander Dyukov told reporters on Thursday. Gazprom Neft…

Gazprom Neft to Export 2.7 mln Tonnes of Oil to Asia

Russia's Gazprom Neft, the oil arm of gas producer Gazprom, plans to ship 2.7 million tonnes of oil to Asia this year, with around a third of that shipment going to China, executives with the company said on Friday.

Gazprom Neft Gets $350m Credit Line from Promsvyazbank

Russia's Gazprom Neft, the oil arm of gas producer Gazprom, said on Thursday its board of directors had approved a credit line from Promsvyazbank (PSB) for up to $350 million. The credit…

Gazprom Neft says No Plans to Ask for Aid from Rainy-day State Fund

Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, has no plans to ask for money from the National Wealth Fund, the company's head said on Monday. Alexander Dyukov…

Russia's Arctic Field to Double Output

Gazprom Neft, the oil arm of Russia's top natural gas producer Gazprom, plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project, the company said on Friday.

Gazprom to Acquire Vietnam Refinery Stake

Russia's Gazprom Neft, the oil arm of top global gas producer Gazprom, said on Monday it planned to purchase 49 percent of the operator of Vietnam's Dung Quat refinery, the country's sole oil processing facility.

Gazprom Neft Looks to Ramp Up Output

Russia's Gazprom Neft, the oil arm of the world's top gas producer Gazprom, expects to ramp up hydrocarbon production this year, a deputy head of the company said on Thursday. Vadim…

Russia's Gazprom Neft Board Proposes Dividend

Russia's Gazprom Neft , the oil arm of oil producer Gazprom , said on Tuesday its board has recommended to pay out a total of 6.47 roubles per share in dividends on 2014 financial results.

Gazprom Neft Moves Trading Back to Russia

Gas giant Gazprom's oil arm is shifting its trading operations from Austria back to Russia, it said on Wednesday, with industry sources saying the firm wanted to protect huge revenues…