Oil and Gas Industry Latest News

18.04.2014 Chinese COSL renews contracts with PEMEX for module rig

China Oilfield Services Limited ("COSL" or the "Company") renewed its cooperation contract for COSL3 module rig with Petróleos Mexicanos (PEMEX) for an operation period of 32 months at higher contract day rates, COSL’s press office said on April 17.

18.04.2014 SAP планирует инвестировать 20 миллионов евро в облако

Компания SAP, ведущий мировой поставщик корпоративных программных решений и услуг, объявила о намерении инвестировать 20 миллионов евро в российские центры обработки данных (ЦОД), которые будут работать с облачными решениями SAP.

16.04.2014 Russia’s Varyeganneft implements energy efficiency plan

Varyeganneft, a subsidiary of Russneft, will continue to implement its energy efficiency program at the Varyegan oil block in 2014.

11.04.2014 Russia’s Mechel signs contract with Austria’s Binder on services for coal project

Russian mining company Mechel OAO announced that it has inked a contract with Austria's Binder company for engineering services for the development of Elga Coal Complex's first stage, Zacks.com reported on April 10.

10.04.2014 Russia’s Novatek gas production down 2.4% in Q1 2014

Russia’s Novatek on April 9 reported preliminary operating data for the first quarter 2014.

09.04.2014 Russia’s Tatneft increases oil production in Q1 2014

The amount of 2,222,850 tons of crude oil or 100.4 percent versus March 2013 (+7.9 thousand tons) was produced at Tatneft, while the three months production amounted to 6,452,681 tons (100.45%), which is 28,767 tons more than in 2013 (100.45%) Tatneft’s press office said

09.04.2014 Moody's says Russian Bashneft’s acquisition of Burneftegaz credit neutral

Moody's Investors Service said on April 8 that the acquisition of 100% of LLC Burneftegaz, an exploration and production company operating in the Tyumen District, by Bashneft (Ba2 stable) is credit neutral for Bashneft’s ratings, Bashneft’s press office has said.

09.04.2014 Russia’s Surgutneftegas reports production figures for January-March

In January-March 2014, Surgutneftegas produced 15,106.7 thousand tonnes of crude oil, its press office said on April 9.

08.04.2014 BG Group moves LNG, oil trading headquarters to Singapore

BG Group has moved its headquarters for global oil and liquefied natural gas (LNG) trading to Singapore from the United Kingdom to be closer to customers in the fast growing Asian region, the company said on April 7, Reuters has reported.

03.04.2014 Russia’s Bashneft revenue, EBITDA up in 2013

On April 2, Bashneft Group released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2013 prepared in accordance with International Financial Reporting Standards (IFRS)