Oil and Gas Industry Latest News

22.08.2014 Chairman, Norman Murray Steps Down from Petrofac

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons.

15.08.2014 Schlumberger Issues Russia Update

In the past week, both the United States and the European Union (EU) have announced economic sanctions and restrictions relating to Russia that is affecting its energy, defense and banking sectors.

14.08.2014 TATNEFT Successfully Completes Compliance Audit

A supervisory audit of the integrated management system (IMS) of industrial safety, occupational health and environment control for compliance with international standards ISO 14001:2004 and OHSAS 18001:2007 was successfully completed at JSC TATNEFT.

13.08.2014 Polish refining giant proposes major share issue

Polish state-controlled oil refiner Grupa Lotos is planning to increase its number of shares by 42.35%.

The announcement comes as the company prepares to increase its oil and gas production.

12.08.2014 Gazprom Neft reports IFRS financial statements for 1H 2014

Gazprom Neft has published its consolidated financial results for 1H 2014, in accordance with International Financial Reporting Standards.

28.07.2014 Court orders Russia to pay $50 billion for seizing Yukos assets

An international arbitration court ruled on Monday that Russia must pay $50 billion (29.45 billion pounds) for expropriating the assets of Yukos, the former oil giant whose ex-owner Mikhail Khodorkovsky fell foul of the Kremlin.

25.07.2014 Iain Conn leaving BP after 10 Years on the Board

BP today announced that Iain Conn, Group Managing Director and Chief Executive, Downstream, is leaving the company and is to step down from BP’s board by the end of the year.

17.07.2014 Sergey Gustov To Lead Gazprom LNG Saint Petersburg

Sergey Gustov was appointed Director General of Gazprom LNG Saint Petersburg, the company reported in a news release.

15.07.2014 Russia's Rosneft agrees to buy Weatherford's Russian, Venezuelan assets

Russia's Rosneft, the world's biggest listed oil company by output, has agreed to buy drilling and well-servicing assets of oil and gas service company Weatherford International in Russia and Venezuela, the company said on Sunday.

11.07.2014 Novatek reports preliminary operating data for second quarter and first half 2014

Novatek reported today preliminary operating data for the second quarter and first half 2014.