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News // Economy

Surgutneftegas reports preliminary operating results for 12 months of 2012

Over the last twelve months of 2012, Surgutneftegas produced 61,405 thousand tons of crude oil. Compared to the periods of 2011 and 2010, crude output increased by 1% and 3%, respectively.

15 January 2013 , 10:05Neftegaz.ru9020

Senate Proposal To Give U.S. Energy Revenues to States

Energy-rich states would be in a position to receive millions of dollars of oil royalties and other energy revenue currently collected by the federal government under a proposal being put together by a pair of key lawmakers.

10 January 2013 , 09:48Neftegaz.ru8230

Brazil's Oil Industry Plans to Fight New Rio State Tax

Brazil's oil industry plans to fight a new tax on oil and natural gas recently approved by Rio de Janeiro state legislators, the president of the Brazilian Petroleum Institute, or IBP, said Wednesday.

27 December 2012 , 09:43Neftegaz.ru11370

Bashneft is declared the ‘Company with the Best Dividend Policy’

The Investor Protection Association (IPA) has announced that JSOC Bashneft won the ‘Russian Leaders in Corporate Governance 2012’ Award in the ‘Company with the Best Dividend Policy’ category.

14 December 2012 , 10:33Neftegaz.ru9280

Australia's $204B Pipeline of O&G Projects Could Slow on Cost Blowouts

Australia can no longer bank on its massive pipeline of committed liquefied natural gas (LNG), gas and petroleum projects, worth $204 billion (AUD 195 billion), to shield the country from the global economic downturn amid cost pressures brought on by factors such as skilled labor shortages and a strong local currency.
29 November 2012 , 10:27Neftegaz.RU10520

Bashneft’s net income increases by 62.3% in the third quarter of 2012

Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, has published its unaudited consolidated financial results for the third quarter of 2012 and the nine months ended September 30, 2012 prepared in accordance with International Financial Reporting Standards (IFRS).

20 November 2012 , 10:40Neftegaz.RU8520

Nigeria: Total announces the sale of its participating interest in the offshore OML 138

Total announces that it has finalized an agreement to sell its 20% contractor interest in OML 138 block to a wholly owned subsidiary of China Petrochemical Corporation (Sinopec), for approximately US$2.5 billion in cash (subject to post-closing adjustments). The agreement is subject to approval by the Nigerian authorities.

20 November 2012 , 10:36Neftegaz.RU19690

NOVATEK begins share buyback program

NOVATEK hereby announces that today independent broker has begun to execute purchases of ordinary shares of NOVATEK (the “Shares”) and Global Depositary Receipts representing Shares (the “GDRs”, each GDR representing 10 Shares) on the open market pursuant to the share buyback program (“Program”) approved by the Company’s Board of Directors and announced on 7 June 2012.

19 November 2012 , 09:53Neftegaz.RU9240

NOVATEK acquires 49% of Nortgas

NOVATEK (“NOVATEK” and/or the “Company”) announced today the conclusion of an agreement to acquire a 49% equity stake in ZAO Nortgas (“Nortgas”) from R.E.D.I. HOLDINGS for $1,375 million.  The transaction is expected to close by year-end 2012.
06 November 2012 , 21:37Neftegaz.RU9350

Sabic outlook stable, says Moody's

Moody’s Investors Services has upgraded its baseline credit assessment of Saudi Basic Industries Corporation (SABIC) due to its “sustained improvement in operating performance and financial metrics”.

06 November 2012 , 10:05Neftegaz.RU8900

Indonesian Government Approves Plan of Further Development for Expansion of Tangguh LNG

Indonesia’s Ministry of Energy and Mineral Resources and oil and gas executive agency BPMIGAS have approved in principle the Plan of Further Development (POFD) for the expansion of the BP-operated Tangguh liquefied natural gas (LNG) project in Papua Barat province in eastern Indonesia.

02 November 2012 , 09:48Neftegaz.RU8960

Total announces its interim dividend for the third quarter 2012

Total announces its interim dividend for the third quarter 2012

01 November 2012 , 09:50Neftegaz.RU7630

Pieridae Plans New LNG Export Facility on Canada’s East Coast

Pieridae Energy Canada announced last week that it will develop a liquefied natural gas (LNG) export facility in Goldboro, Nova Scotia, Canada.

31 October 2012 , 10:14Neftegaz.RU9340

NOV announces massive YoY revenue jump of 42%

National Oilwell Varco, Inc. announced revenue of $5.32 billion at the end of the third quarter, a 12% sequential increase or a 42% increase year-on-year.

30 October 2012 , 09:44Neftegaz.RU6630

BP: Macondo Well Integrity Not Compromised

BP has seen no evidence from a recent oil sheen that indicates the integrity of the Macondo well has been comprised, the company said in a response about a U.S.

12 October 2012 , 09:29Neftegaz.RU10070

Chevron Issues Interim Update for Third Quarter 2012

San Ramon, Calif., October 9, 2012 – Chevron Corporation today reported in its interim update that earnings for the third quarter 2012 are expected to be substantially lower than second quarter 2012. 

10 October 2012 , 10:07Neftegaz.RU9830

Figures Demonstrating Results of Our Operations in September and for Nine Months of 2012

Figures Demonstrating Results of Our Operations in September and for Nine Months of 2012

09 October 2012 , 10:08Neftegaz.RU10500

Russia Responds to West Siberia Production Decline with East Siberia Tax Breaks

The Russian government is extending tax breaks for new oilfields in East Siberia in order to compensate for the production decline in West Siberia, the Novosti news agency reported today.

26 September 2012 , 09:32Neftegaz.RU10160

Agenda of the Board of Directors on September 20, 2012

RusHydro announces the agenda of the Board of Directors of RusHydro to be held in absentia on September 20, 2012.

20 September 2012 , 09:38Neftegaz.RU7960

India will repay oil's debt to Iran in August

India will entirely pay its oil debts to Iran by the end of August, S. Qamsari - the National Iranian Oil Company director for international affairs announced in Tehran on Saturday.

21 August 2011 , 12:22Neftegaz.RU12910

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