Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2015-09-08 18:14:00

RUSSIANS ARE BETTER

RUSSIANS ARE BETTER

At a time when the collapse in crude prices pushes Russia's economy into a recession, the nation's oil producers are managing to beat their western counterparts.

On measures including cash flow, profit margins and share prices, OAO Rosneft, Lukoil PJSC-- Russia's two largest oil producers -- and OAO Gazprom Neft are performing better than Royal Dutch Shell Plc, BP Plc or Exxon Mobil Corp.

"When oil goes down, the western companies are hurt more than the Russian companies," said Maxim Edelson, a senior director at Fitch Ratings in Moscow. Because Russian tax rates adjust automatically to lower prices the nation's companies enjoy a buffer to the slump in crude while "a lot of the hit is taken by the government," he said.

The oil industry is struggling to adapt after prices fell to the lowest level in six years amid a global supply glut. While energy producers have fallen more than any other group this year on the MSCI All-Country World Index, Russian companies have been the most resilient. Rosneft shares gained 2.9 percent and Gazprom Neft added 0.3 percent in London trading this year. Shell's B shares, the most widely traded, lost 27 percent and BP 16 percent.

OIL GAS COMPANIES PRICES

The plunge in crude prices of more than 50 percent in the past year has pushed the country into its first recession since 2009. Russia also relies on oil and gas for about a half of its budget revenue. The faltering economy, combined with the effects of international sanctions over Russia’s involvement in Ukraine, has weakened the ruble, benefiting oil companies that earn dollars and pay costs in the local currency.

The tax and currency benefit this year means Rosneft and Lukoil will yield free cash flow at more than twice the rate of Shell and BP, according to Barclays Plc data. Russian producers aregenerating cash as if the price of oil were still $100 a barrel rather than $50, Goldman Sachs Group Inc. said in a research note Sept. 1.

OIL GAS COMPANIES CASH FLOW

“Production costs in Russia are still among the lowest globally,” because not so much advanced technology is applied to boost extraction as in other parts of the world, Philipp Chladek, a London-based oil-sector analyst with Bloomberg Intelligence, wrote in a Sept. 2 report. “Rather than trying to increase the recovery rate in mature fields to keep the oil flowing, Russian companies can still tap new resources.”

Rosneft has some of the industry’s lowest costs, Chief Executive Officer Igor Sechin told reporters in Beijing on Thursday. The producer’s capital expenditure of $4.20 a barrel is a sixth of the $27 a barrel Exxon Mobil spends, according to a company presentation. Brent crude, the global benchmark grade, rose 2.2 percent to $48.66 a barrel at 11:17 a.m. on the London-based ICE Futures Europe exchange.

Almost all of the Russian oil companies with both production and refining had a pretax earnings margin -- a measure of profitability -- that was higher than their peers in Europe in the second quarter, Chladek wrote.

OIL GAS COMPANIES PROFITABILITY

While Russian oil companies’ performance has been stronger than competitors, they are not immune to the effects of the price slump. Rosneft and Lukoil’s revenue dropped from a year earlier for three consecutive quarters. While Lukoil’s production of oil and condensate rose 5.2 percent in the first half, Rosneft’s crude output fell 1.1 percent as it cut spending in dollar terms. The nation’s largest oil producer must service or refinance $26 billion in debt from the second half of this year to the end of 2016 while international sanctions restrict its ability to access capital markets.

When asked about the future of oil prices, Sechin declined to make a prediction. “Don’t turn to me, go to some fortuneteller, because there are too many uncertainties,” he said.

bloomberg.com

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More: 

RUSSIA & CHINA COOPERATION 

RUSSIA CAN INCREASE TO 14 MLN BBL 

BASF & GAZPROM DEAL 

RUSSIA RAISES PROFITS 

TOP 10 OIL COMPANIES 

RUSSIA: THE LARGEST

 

 

 

Tags: RUSSIA, ROSNEFT, GAZPROM, LUKOIL, OIL

Chronicle:

RUSSIANS ARE BETTER
September, 22, 09:20:00

OIL PRICE: NOT ABOVE $57

International benchmark Brent crude futures were at $56.51 a barrel at 0644 GMT, up 8 cents, or 0.14 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.24 percent, at $50.67 per barrel.

RUSSIANS ARE BETTER
September, 22, 09:15:00

СОТРУДНИЧЕСТВО АЛЖИРА И РОССИИ

Руководители энергетических ведомств России и Алжира обсудили состояние и перспективы двустороннего сотрудничества, а также совместную деятельность в многосторонних форматах, в том числе взаимодействие в рамках Форума стран-экспортеров газа. Также речь шла о взаимодействии в рамках соглашения ОПЕК+ по сокращению объемов добычи нефти. Стороны подтвердили приверженность исполнению взятых обязательств по достижению скорейшей ребалансировки нефтяного рынка.

RUSSIANS ARE BETTER
September, 22, 09:10:00

ГАЗ РОССИИ ДЛЯ МАРОККО

Александр Новак отметил, что Россия занимает лидирующие позиции в мире в области топливно-энергетического комплекса, в частности, первое место по добыче нефти, второе место по добыче газа. «При этом Россия - номер один по экспорту газа. Мы добываем 670 млрд кубических метров газа, из них 220 млрд поставляем в другие страны различными способами – трубопроводным и сжиженным», - подчеркнул Министр.

RUSSIANS ARE BETTER
September, 22, 09:05:00

НОВЫЕ ТЕХНОЛОГИИ РОССИИ

Кирилл Молодцов также сообщил о применении новых технологий в сфере нефтегазодобычи. «Из общего количества технологий, а их насчитывается примерно 600, более 300 производятся в России. Более двухсот имеют российские наработки и аналоги, то есть практически имеют стадию разработки проекта. Есть технологии, которые нас сильно волнуют, и мы будем развивать их дальше. Это абсолютно автономные системы добычи, окончание морских месторождений, забуривание, возможности создания и развития проектов в Арктике», - заключил Кирилл Молодцов.

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Exchange Rates
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USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
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GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
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