Russia Oil and Gas

Consumers’ debts to Gazprom grew by 7.1% in 2016

In 2016, the volume of consumers’ overdue debts to Gazprom grew by 7.1% and amounted to 160.8 billion rubles, the company reports.

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In Q1, income of the Nenets autonomous district grew by 66% due to Kharyaginskoye production sharing agreement

In the first quarter of 2017, the revenues of the Nenets autonomous district increased by 66% due to the proceeds from the production sharing agreement under the Kharyaga project.

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Neftisa increased recoverable oil reserves by 1.4 times to 346 mln tons in 2016

Neftisa, controlled by M. Gutseriev, increased its recoverable oil reserves by 1.4 times in 2016 to 346 mln tons, the company reports.

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Growth in Gazprom’s gas reserves is more than production for the 12th year in row

As of December 31, 2016, the explored reserves of Gazprom's natural gas of A + B1 + C1 categories according to the Russian classification made up 36.4 trillion cubic meters that is 72% of Russi

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Russian oil companies increased driftage in exploratory drilling by 4.5% in January-April 2017

Russian oil companies in January-April 2017 drilled 317.4 thousand m of exploratory wells. This is by 4.5% higher than in January-April 2016.

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Dmitry Medvedev: We don’t thrust Turkish Stream on Europe

In negotiations with European partners Russia determines the entry point of the second branch of the Turkish Stream.

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Rosneft to go on exploratory drilling at the shelf of Vietnam in 2018

In 2018 Rosneft plans to drill the 2nd exploratory well at the 05.3/11 block at the shelf of Vietnam, the company reports.

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Rosgeologiya carries out seismic logging operations at hydrocarbon promising site Guriyanovsky in the Saratov region

Volgogradneftegeofizika (part of the state-owned holding company Rosgeologiya) has completed seismic logging operations at Zapadno-Guryanovskaya well №7, drilled at the Guryanovsky license site.

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Rosneft increased oil extraction in Venezuela by 1.6 times in 2016 – to 2.67 mln tons

Rosneft increased oil extraction in Venezuela by 1.6 times in 2016 – to 2.67 mln tons compared with 2015, the company reports.

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Rosneft to take part in new tenders for fields on Norwegian shelf

Rosneft will participate in the licensing of new fields on the Norwegian shelf, the company reports.

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