Oil and Gas Industry Latest News

02.04.2014 Russia’s Tatneft profit down in 2013

OAO Tatneft (the “Company”) announced on April 1 that it published on its web-site (http://www.tatneft.ru/?lang=en) the audited consolidated financial statements for the year ended 31 December 2013 prepared in accordance with

02.04.2014 Fitch affirms Russia’s Bashneft rating at BB

Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft’s (Bashneft) Long-Term foreign currency Issuer Default Rating (IDR) at 'BB' with a Positive Outlook, Bashneft said on April 1.

02.04.2014 Shell re-appoints Upstream International Director

Royal Dutch Shell on April 1 announced that Andy Brown has resumed his role as Upstream International Director, following his recuperation from a successful medical procedure earlier this year.

01.04.2014 BP has new head for Russian operations

BP on March 31 announced the appointment of David Campbell as President of BP Russia, reporting directly to Bob Dudley, BP Group Chief Executive.

25.03.2014 Russia’s Tatneft studies carbonate reservoirs

Tatneft has hosted a seminar on carbonate reservoirs, attended by Tatneft CEO Nail Maganov, the Tatar president’s assistant for the oil industry Shafagat Takhautdinov and other dignitaries and experts.

25.03.2014 Faroe Petroleum core earnings fall

Faroe Petroleum Plc reported a 16 percent fall in core earnings, hurt by an extended maintenance shutdown at its Njord and Hyme fields in the Norwegian Sea for most of the second half of 2013, Reuters reported on March 25.

21.03.2014 Russia’s Varyeganneft implements natural gas program

Varyeganneft, a subsidiary of Russneft, in 2013 commissioned a pipeline from the preliminary water removal unit of the West-Varyeganskoye block to the Varyeganskoye compressor station No 3, with a supply pipeline from the Roslavl deposit

20.03.2014 Russia’s Bashneft buys five filling stations in Magnitogorsk

JSOC Bashneft has completed the acquisition of a 100% stake in LLC Promenergoresurs, which owns five filling stations operating under the Red Oil brand name and seven land plots located in Magnitogorsk, a large industrial city in the Chelyabinsk Region, Bashneft’s press

19.03.2014 Kazakh Ozenmunaygas adopts Russian Tatneft’s technologies

The collaboration of Tatneft and JSC "Ozenmunaygas" (OMG, a subsidiary of JSC "Exploration and Production" KazMunayGas" (RD KMG), is going on, Tatneft’s press office said on March 19.

19.03.2014 Chinese COSL earnings grow in 2013

China Oilfield Services Limited announced on March 18 its full-year results for the year ended 31 December 2013.