Posts Tagged ‘barents’

Rosneft ‘bags two Arctic licences’

by on November 21, 2012 1:35 pm BST
Russian Prime Minister Dmitry Medvedev handed over the pair of Pechora Sea blocks, Pomorsky and Pomorsky-2, to Rosneft in a signing ceremony earlier this month, according to a Russian-language report cited by the Barents Observer.The tracts, believed to hold between 292 million and 332 million barrels of oil

Dolphin on seismic profits roll

by on November 14, 2012 2:54 pm BST
Earnings before interest, tax, depreciation and amortisation – a key measure of underlying operational performance – increased to $28.9 million from $9.1 million a year ago.“High operational efficiency and fleet utilisation, improved contract pricing and strong multi-client sales from new projects have generated better-than-expected third quarter

Russian court in ‘new ruling for Lebedev release’

by on November 2, 2012 4:07 pm BST
However, prosecutors have not yet decided whether to appeal the latest decision this week by the regional court of Velsky in Arkhangelsk oblast, where Lebedev is incarcerated in prison, according to a Russian-language report by Newsru cited by the Barents Observer.Lebedev, who was originally given a 13-year prison

Gazprom in Prirazlomnoye ‘tax cut’ call

by on November 2, 2012 1:23 pm BST
The Russian gas giant, whose subsidiary Gazprom Neft is operator of the field, earlier this year gained a 50% reduction in export tax after exerting pressure on the authorities for fiscal relief as a condition of production start-up.However, the flagship project – the first offshore oilfield to be