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Russia Sanctions

Russia Sanctions
2015, August, 6, 18:15:00

TESCO CORP LOSS $(35.7) MLN

TESCO reported a net loss of $27.5 million, or $(0.71) per diluted share, for the second quarter ended June 30, 2015. Excluding certain special items, consisting of a valuation allowance on Canadian deferred tax assets, restructuring costs, specific warranty reserves for new products, certain foreign currency losses and specific bad debt expense related to an international customer, TESCO reported an adjusted net loss for the quarter of $8.0 million, or $(0.21) per diluted share. This compares to a net loss of $8.3 million, or $(0.21) per diluted share, in the first quarter of 2015, and net income of $12.7 million, or $0.31 per diluted share, for the second quarter of 2014. Adjusted net loss in the first quarter of 2015 was $3.3 million, or $(0.08) per diluted share, and in the second quarter of 2014 was $11.9 million, or $0.29 per diluted share.

Russia Sanctions
2015, August, 5, 18:25:00

SLOW RUSSIAN OIL

Seven months after Russia made the latest changes to its oil tax regime, the industry seems to have been able to adapt more easily to the new landscape than had been expected at the turn of the year. However, market experts have warned that the government must consider more fiscal reforms as the current system is continuing to distort the sector. The so-called tax maneuver, which includes a phased reduction in export duty for crude and oil products over 2015-2017 and an increase in oil extraction tax, was introduced in January.

Russia Sanctions
2015, August, 4, 19:15:00

RUSSIAN GAS UP

Gazprom's gas prices are pegged to oil with a six-month lag, which means its customers are currently paying the equivalent of $45-$50 per barrel seen in January 2015 when oil prices crashed following a decision by OPEC not to reduce output.

Russia Sanctions
2015, August, 4, 19:05:00

SANCTIONS FOR RUSSIA'S GDP

Russia's economy is showing signs of stabilisation after slumping under pressure from Western financial sanctions and Russian counter-measures. Low international prices for its oil exports have added to pressure on the rouble and government finances.

Russia Sanctions
2015, August, 3, 17:45:00

ROSNEFT VS SANCTIONS

The Company is creating an accounting system calculating losses from the application of illegitimate sanctions, without reflecting them on the Company balance. Subsequently, the amount of losses will be submitted for reimbursement in court.

Russia Sanctions
2015, August, 3, 17:40:00

ROSNEFT & STATOIL DRILLING

Rosneft and Statoil ASA completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field. During 2015 the companies jointly drilled 2 horizontal exploitation wells.

Russia Sanctions
2015, July, 30, 19:32:00

RUSSIA: THE LARGEST

Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. Russia's economy is highly dependent on its hydrocarbons, and oil and natural gas revenues account for more than 50% of the federal budget revenues.

Russia Sanctions
2015, July, 15, 19:25:00

ROSNEFT & STATOIL PARTNERSHIP

Russia’s Rosneft and Norway’s Statoil completed drilling works as part of the Pilot Project at the PK1 layer of the North-Komsomolskoye field in Purovsky and Nadymsky regions of Yamalo-Nenets Autonomous District.

Russia Sanctions
2015, July, 3, 18:05:00

RUSSIA NEEDS $70

Russia has been hit by lower oil prices and by Western sanctions over its role in the Ukraine crisis. Its rouble currency fell sharply against the dollar in 2014 and has yet to recover.

Russia Sanctions
2015, June, 25, 19:20:00

US VS RUSSIA: SANCTIONS

U.S. was keeping the European Union countries on a 'short leash' by forcing them to impose anti-Russia sanctions.

Russia Sanctions
2015, June, 23, 18:20:00

EU VS RUSSIA: SANCTIONS

‘Rosneft and BP signed final binding agreements for Rosneft’s sale to BP of a 20 per cent share of Taas-Yuryakh Neftegazodobycha (Taas), creating a new joint venture in East Siberia. The document was signed by Rosneft Management Board Chairman Igor Sechin and President of BP Russia David Campbell’ BP said, reporting one of the most relevant deals. During the first day of the international conference, Gazprom agreed to build a new pipeline to Germany under the Baltic Sea with Germany’s E.ON, Anglo-Dutch Shell, and Austria’s OMV.

Russia Sanctions
2015, June, 21, 17:10:00

ROSNEFT & BP AGREE

Rosneft and BP today signed several agreements strengthening the long term strategic relationship between the two companies, at the St. Petersburg International Economic Forum.

Russia Sanctions
2015, June, 21, 17:05:00

ROSNEFT & CHEMCHINA COOPERATION

Rosneft and China National Chemical Corporation (ChemChina) signed at the St. Petersburg International Economic Forum a contract for crude oil supplies to the Chinese company.

Russia Sanctions
2015, June, 21, 17:00:00

ROSNEFT BUYS TOTAL

Total S.A. and Rosneft signed at the St. Petersburg International Economic Forum an agreement, confirming the execution of a sale and purchase agreement with regard to the 16.67% share in PCK Raffinerie GmbH. The document was signed by Rosneft Chairman of the Management Board Igor Sechin and Chief Executive Officer of Total Patrick Pouyanné.

Russia Sanctions
2015, June, 21, 16:55:00

ROSNEFT & GE LNG

Itera, a 100% Rosneft subsidiary, and General Electric signed an agreement of intent regarding natural gas processing cooperation at the St. Petersburg International Economic Forum.

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OIL (928)
GAS (715)
RUSSIA (454)
GAZPROM (201)
ROSNEFT (165)
U.S. (163)
CHINA (155)
PRICES (116)
LNG (106)
OPEC (103)