Oil and Gas Industry Latest News

26.02.2014 Russia’s Novatek earnings up in 2013

Novatek on February 25 released its audited consolidated financial statements for the years ended 31 December 2013 and 2012 prepared in accordance with the International Financial Reporting Standards (“IFRS”).

20.02.2014 Russia’s Lukoil earnings up in 2013

Lukoil on February 19 published consolidated US GAAP financial statements for 2013. The Company’s 2013 net income reached $7,832 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $16,668 million in 2013.

20.02.2014 Devon earnings grow in Q4 2013

Devon Energy Corporation (NYSE:DVN) on February 19 reported net earnings of $207 million or $0.51 per common share ($0.51 per diluted share) for the quarter ended December 31, 2013.

20.02.2014 Setting the digital agenda at SPE Intelligent Energy 2014

Oil and gas industry experts in smart technology and intelligent energy (IE) solutions from around the world will meet to share successes and set new aspirations for the digital oilfield at the SPE Intelligent Energy Conference and Exhibition in Utrecht, the Netherlands

19.02.2014 BHP Billiton earnings up in H2 2013

BHP Billiton today announced its financial results for the December 2013 half year, with Underlying EBIT increasing by 15 per cent to US$12.4 billion and Underlying attributable profit increasing by 31 per cent to US$7.8 billion.

11.02.2014 Total net income fell in 2013 - Bloomberg

Total will say tomorrow adjusted net income fell 11 percent last year to 11.1 billion euros ($15.1 billion), Bloomberg reported on February 11, citing the average estimate of 22 analysts surveyed by Bloomberg.

07.02.2014 Gaz de France reportedly ready to work with Iran

French gas firm Gaz de France, has announced its readiness to work with Iran, the Tasnim News agency reported on February 5, according to Trend news agency.

07.02.2014 Russia’s Lukoil reserves total 17.4 billion barrels of oil equivalent

Lukoil finished an evaluation and independent audit of its oil and gas reserves, as they stand on December 31, 2013, Lukoil’s press service said on February 6.

07.02.2014 Russia’s Tatneft oil production up 0.6% year on year in January

The amount of 2,221,896 tons of crude oil or 100.6 percent versus January 2013 was produced at Tatneft, its press service said on February 6. The new drilling penetration in January of 2014 amounted to 31.5 thousand meters (44.3 thousand meters in 2013).

06.02.2014 Russia’s Surgutneftegas increases crude output in Yakutia in January

In January 2014, Surgutneftegas produced 5.202 million tonnes of crude oil, the company’s press service said on February 5.