Oil and Gas

Tomskneftekhim resumes production after planned stop

Tomskneftekhim (part of Sibur holding company) has resumed production after a planned stopping repair, the mass media report.

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In July, oil production in Russia increased by 2.4%, gas – by 5.4%

In July, growth of industrial production in Russia accelerated to 3.9% in annual terms. This follows from the data of the Russian State Statistics Service.

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In H1, IAS profit of Rosneft’s and Sinopec’s joint venture grew 1.6 times to 14.5 bln rubles

In the first six months of 2018, the net profit of Udmurtneft, a joint venture between Rosneft and China's Sinopec, under RAS increased 1.6 times compared to the same period last year and amoun

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Ukraine temporarily stops geological exploration in the Black Sea

The Ukraine has temporarily sopped geological exploration in the Black Sea and refused search drilling on its shelf, the State Service of Geology and Subsoil of the Ukraine informs.

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Novatek reduces half-year profit by over 20%

In the first six months of 2018, the Novatek’s net profit under RAS amounted to 70.8 billion rubles, which is by 21.4% less than in the same period of the previous year.

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Gazprom increases gas supplies to Ukraine by 10.4% to 1.534 bln cubic meters

In the first six months of the year, Gazprom increased gas supplies to the Ukraine to 1.534 billion cubic meters, this is stated in the report of the group for the second quarter of 2018.

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In H1 2018, Lukoil increased gas production by 20%

In the first six months of 2018, the average daily production of hydrocarbons by Lukoil Group, excluding the West Qurna-2 project, amounted to 2.287 thousand barrels of oil equivalent per day, whic

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Fitch raises Eurasia Drilling rating to BB+

The international rating agency Fitch raised the long-term issuer default rating of the Russian oil service company Eurasia Drilling Company (EDC) from BB to BB+, the agency reported.

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In January-May 2018, 31.8 million barrels of oil were produced at the Sakhalin-1 project. Regional authorities are satisfied

The increase in oil production at the Sakhalin-1 project will bring additional revenues to the budget of Russia and the Sakhalin region.

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In 2018, about 32 mln tons of oil produced at three Kazakhstani fields

31.9 million tons of oil were produced at three major fields of Kazakhstan in the first seven months of 2018. This was announced by the Energy Minister of the country Kanat Bozumbayev.

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