Company news

25.06.2018
Gazprom Neft Middle East B.V. produces its millionth tonne of oil in Kurdistan

Gazprom Neft subsidiary Gazprom Neft Middle East B.V. has produced its millionth tonne of oil at the Garmian field, located in the Kurdistan Region of Iraq (KRI). Total production at the field is now running at more than 23,000 barrels... More»
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19.06.2018
Gazpromneft-Orenburg brings its Uransky licence block into a new oil production cluster

Gazpromneft-Orenburg has secured the subsoil usage rights to the Novozarinskoe field in the Orenburg Oblast, with a licence for exploration and development being issued by the Federal Subsoil Resources Management Agency (Rosgeo) in May this... More»
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11.06.2018
Gas glut in Permian sparks dilemma over how much to burn

Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. More»
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08.06.2018
Gazprom Neft and IBM expand joint work on new digital projects

Within the framework of the St. Petersburg International Economic Forum, Gazprom Neft and IBM agreed on expanding cooperation in new technological projects in on-shore oil production. One of the possible directions is the consideration... More»
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07.06.2018
Borr Drilling: No long-term rig deals at breakeven rates

Offshore drilling company Borr Drilling, which “has taken the jack-up rig hoarding to a new level,” after several recent acquisitions, is now in talks to find work for some of its drilling units. More»
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04.06.2018
ROSGEO starts drilling the Bazhenovskaya 1 parametric well

JSC SPC Nedra (Yaroslavl, the enterprise is part of the ROSGEO state holding) has completed the rig-up operations of the BU-5000/320 BMCh at the Bazhenovskaya 1 parametric well and proceeded with drilling. The depth of 900 m has been reached, the... More»
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31.05.2018
Gazprom Neft working with Yandex Terra to develop innovative Russian digital solutions in seismic data processing

The Gazprom Neft Science and Technology Centre (NTC) and Yandex Terra (Seismotech Ltd) have announced the completion of a two-year programme testing a range of domestically produced software to support seismic data processing and interpretation. More»
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29.05.2018
Shell reports large deepwater discovery in U.S. Gulf of Mexico

Shell Offshore, Inc. has announced a large deepwater discovery in the Norphlet geologic play in the U.S. Gulf of Mexico with its Dover well (100% Shell). More»
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28.05.2018
Gazprom Neft and 1C to start work on developing oil-industry IT solutions

Gazprom Neft and 1C Company are synchronising operations in developing IT solutions for the oil industry, with Gazprom Neft Deputy CEO for Administration Kirill Kravchenko and Boris Nuraliev, President, IC Company, signing a memorandum to that end at... More»
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23.05.2018
Is $70 Oil Enough For Shale Drillers?

WTI Crude prices have recently surged to their highest level in three and a half years — just above $70 a barrel. In theory, that’s higher than the average breakeven costs of all key U.S. shale plays. Even $60 WTI is higher than the average... More»
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