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OPEC+ Cut Extension Wins Support from Russian Execs
Wednesday, February 12, 2020Russia's key oil producers voiced support for the idea of extending OPEC+ output cuts into the second quarter.
Who Leads the World's E&Ps in Production Growth?
Thursday, August 15, 2019Rystad Energy ranks the world's E&Ps according to their production growth over the last five years.
Gazprom 2015 Profit Jumps as Kremlin Demands Higher Dividend
Thursday, April 28, 2016Gazprom, the world's biggest natural gas producer, says full-year profit jumped almost five-fold, signaling the possibility of a higher dividend payout just as the Russian government needs more funds to plug its budget gap.
Russia's Gazprom Neft to Delay Novoportovskoye Oilfield Launch
Tuesday, April 19, 2016Russian oil producer Gazprom Neft will delay the start of commercial production at its key Novoportovskoye oilfield by around six months.
Russia's Gazprom Neft, China's CNPC Agree to Cooperate in Oil Sector
Thursday, December 17, 2015Gazprom and CNPC sign a three-year memorandum of understanding to collaborate on oil projects.
PM:Serbia to Repay Debt to Gazprom's NIS Oil Firm by 2018
Friday, December 04, 2015Serbia will repay its $207 debt to the country's sole oil firm NIS, which is majority owned by Russia's Gazprom Neft.
Russia's Gazprom Neft to Quadruple Exports from Prirazlomnoye, Novoport
Tuesday, November 24, 2015Gazprom Neft says it will quadruple oil exports from its Prirazlomnoye and Novoport fields in Russia during 2016.
Russian Oil Firms Raise Profits And Output, Spurred By Rouble Weakness
Friday, August 28, 2015Russian oil firms are increasing their rouble profits and raising production as a weak currency protects their business, which has turned into one of the world's most profitable.
Russia's Largest Oil Producer Bucks Global Drilling Slump
Thursday, August 13, 2015OAO Rosneft, the world's largest traded oil producer, increased drilling by 27% in the first seven months of the year, according to a statement.
Gazprom Neft Reveals Production Increase in Q1 Results
Tuesday, May 19, 2015Gazprom Neft announces a 15.8 percent year on year increase in hydrocarbon production volumes as part of its financial results for Q1.
Russia's Sole Offshore Arctic Field To Double Oil Output In 2015
Friday, April 24, 2015Gazprom Neft plans to more than double oil output this year at the Prirazlomnoye field, Russia's sole Arctic offshore oil project.
Gazprom, PetroVietnam to Work on Pechora Sea Shelf's Upstream Projects
Tuesday, April 07, 2015Gazprom and PetroVietnam sign an agreement to collaborate on upstream oil and gas projects on Russia's Pechora Sea shelf.
Tight Oil Seen Driving Gazprom Neft Hydrocarbon Output Higher In 2015
Thursday, April 02, 2015Gazprom Neft expects to ramp up hydrocarbon production this year thanks to new projects and unconventional oil, a deputy head of the company says.
Russia's Gazprom Neft Eyes Help from National Wealth Fund
Wednesday, March 11, 2015Gazprom Neft may apply to receive money from Russia's National Wealth Fund to develop some upstream projects.
Russia's Gazprom Neft Says 2014 Net Profit Down 32%
Monday, March 02, 2015Gazprom Neft sees its net profit decline 32 percent to $2 billion due to a weaker rouble.
Stage Two of Russia's Urengoyskoye Field Launched
Wednesday, December 17, 2014Novatek reports the launch of the second stage of the Urengoyskoye field, onshore Russia.
First Stage of Urengoyskoye Field Reaches Full Capacity
Thursday, December 11, 2014Novatek reports that the first stage of the Urengoskoye field, onshore Russia, reaches its full capacity of 246 Bcf of gas and 18.3 million barrels of gas condensate per annum.
Badra Oilfield Now Exporting 15,000 Barrels per Day
Monday, December 08, 2014Gazprom Neft says its Badra oilfield is exporting 15,000 barrels per day to Iraq's main pipeline system.
Gazprom, Rosneft Call on Govt to Liberalize Offshore Legislation
Friday, November 14, 2014Gazprom and Rosneft have called on the national government to permit the transfer of offshore field development licenses to their subsidiaries and to joint ventures with foreign partners.
Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.
Gazprom Neft Says Shell Suspends Russian Tight Oil Project
Friday, October 03, 2014Shell is suspending development of hard-to-recover oil in Russia's Bazhenov formation with Gasprom Neft after the West imposed sanctions on Russia.
Minister: Asian Firms To Replace Western Energy Majors If They Leave Russia
Monday, September 22, 2014Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.
One Millionth Barrel Delivered from Arctic Field Offshore Russia
Monday, September 15, 2014Russia's Gazprom Neft delivers the one millionth barrel from its Prirazlomnoye field in the Arctic.
Russia's SeverEnergia Launches New Gas Production Stage
Monday, September 15, 2014Russia's SeverEnergia expands natural gas production at its Arctic field to help it meet output targets.
Diplomat: EU Puts Top Russian Oil Companies on Sanctions List
Monday, September 08, 2014The European Union puts Russia's Rosneft, Transneft and Gazprom Neft on its list of Russian state-owned firms that will not be allowed to raise capital or borrow on European markets, says a diplomat.
Gazprom Neft Starts Commercial Production at Badra Field, Iraq
Tuesday, September 02, 2014Gazprom Neft reports that commercial production and oil exports have begun at its Badra oilfield in Iraq.
Russia's Gazprom Neft Begins Seaborne Oil Shipments from Arctic Field
Thursday, August 21, 2014Gazprom Neft starts seaborne shipments of oil to Europe from its Novoportovskoye field in the Arctic.
Russia's Gazprom Neft Says Starts Oil Output in Iraq
Monday, June 02, 2014Gazprom Neft starts oil production at the Badra field in Iraq.
Gazprom Neft CEO Says Russian Oil Company Could Look Eastward if Sanctions
Sunday, April 06, 2014Gazprom Neft is ready to move away from dollars in its contracts and redirect oil flows to Asia it hit by sanctions.
Russia's Novatek Says to Get $980M for Gas Firm Stake Sale
Tuesday, April 01, 2014Novatek says it has agreed to sell a 9.8% stake in SeverEnergia to Gazprom Neft for $980 million.
Gazprom Neft Completes Tests on 2nd Well at Iraq's Badra Field
Thursday, March 13, 2014Gazprom Neft successfully completes testing on its second well at the Badra field in Iraq, with the well delivering 10,000 barrels per day.
Russia's Gazprom Neft Connects Badra Oil Field to Iraqi Pipeline System
Wednesday, March 05, 2014Gasprom Neft connects its Badra oilfield to Iraq's oil pipeline system.
Russia's Gazprom Neft Says Reserves Growth Outstrips Production
Thursday, February 27, 2014Gazprom Neft says its proven hydrocarbon reserves rose 12 percent last year to reach 9.8 billion barrels.
Serbian Oil Company NIS Net Profit Up 2.5% in 2013
Tuesday, February 18, 2014Serbia's NIS, subsidiary of Gazprom Neft, reports a 2.5 percent increase in net profit.
Russia's Shell JV Starts Oil Fracking in Siberia
Monday, January 13, 2014Salym Petroleum Development, a Russian joint venture between Shell and Gazprom Neft, as started oil fracking in Siberia, a technology seen as key to Russia maintaining its level of oil production.
Russia's Gazprom Neft Gets First Oil at Iraqi Oilfield
Thursday, January 09, 2014Gazprom Neft produces first oil in a well test at its Badra oilfield in Iraq.
Report: Rosneft Offered Exchange Deal over Gas Assets
Friday, December 20, 2013Novatek and Gazprom Neft offer Rosneft an exit from their joint venture in exchange for a stake in a natural gas company.
Russia's Gazprom Neft to Increase Investments by 32% in 2014
Thursday, December 19, 2013Gazprom Neft says it will increase spending by 32% to $8.5 billion in 2014 to prop up oil output at aging fields.
Eni Agrees to Sell SeverEnergia Stake for $2.9B
Wednesday, November 20, 2013Italy's Eni agrees to sell its stake in Russian gas producer SeverEnergia to Novatek and GazpromNeft.
Document: Gazprom Neft, Novatek May Buy More of SeverEnergia
Tuesday, November 19, 2013Gazprom Neft and Novatek consider increasing their stake in gas producer SeverEnergia.
Hi-Tech Ops at Mature Fields Boost Gazprom Neft Production
Tuesday, November 12, 2013Gazprom Neft reports that new high-technology operations at its mature fields helped it boost its overall hydrocarbon production by four percent.
Russia's Gazprom Neft Warns New Taxes to Hurt Oil Output
Friday, October 04, 2013Proposals to tweak taxes for oil extraction and exports will have a negative impact on oil production, warns Gazprom Neft.
Russian Oil and Gas Duo Eye Eni's Stake in SeverEnergia - Report
Thursday, October 03, 2013Novatek and Gazprom Neft want to buy Eni’s stake in Russian gas company SeverEnergia.
Gazprom Neft, Novatek Counter Rosneft Gas Deal - Novatek Co-Owner Timchenko
Wednesday, September 25, 2013Gazprom Neft and Novatek are in talks to buy Enel's indirect stake in SeverEnergia, which Enel has already agreed to sell to Rosneft.
Gazprom Neft Continues Siberian Shale Oil Study
Friday, August 09, 2013Gazprom Neft approved the continued study of shale oil reserves at the Kransnoleninskoye field, Western Siberia.
Gazprom Neft 2Q Net Profit Up 26% Yr/Yr
Tuesday, August 06, 2013Gazprom Neft reports a 26-percent year-on-year increase in quarterly net profit.
Messoyakha Flows for Gazprom Neft, TNK-BP
Wednesday, October 17, 2012Gazprom Neft and TNK-BP report that first oil has been produced by the pilot project at the Vostochno-Messoyakhskoe field.
Gazprom Neft Commences Drilling at Orenburg Field
Friday, December 02, 2011Gazprom Neft is launching its production program in the Eastern part of the Orenburg oil and gas condensate field, where the company took control in October 2011.
Gazprom Neft Finalizes Stake Acquisition in Orenburg
Wednesday, October 19, 2011Gazprom Neft has completed its purchase of a controlling stake in ZAO Gazprom Neft Orenburg.
Gazprom Neft, GEPetrol Ink Cooperation Agreement
Tuesday, June 07, 2011Alexander Dyukov, Chairman of the Management Board of Gazprom Neft, and Candido Nsue Okomo, Director General of GEPetrol, have signed a cooperation agreement in the Kremlin.