Russia & CIS ///

Ascent Resources has been approved to install processing plant at Petišovci, Slovenia

The Board of Ascent is pleased to announce that our JV partners have been informed by the Slovenian Environment Agency (ARSO) that it has again approved the permit application (IPPC) for the installation of a processing plant at Petišovci, that the Company and its Slovenian partners originally submitted in June 2014, subject to any further appeal.

Gazprom makes big staff changes

Alexander Medvedev has been relieved of his post as deputy chairman of the management committee.

Gazprom Neft demonstrates solid growth across all key financial indicators in 2018

Revenue for fiscal-year 2018 amounted to $37.9 million (RUB 2,489 billion) , a 28.7% increase year-on-year. Adjusted EBITDA grew by more than 45.1% year-on-year to $12.2 billion (RUB 799.5 billion).

Petrofac awarded $700-million contract on Sakhalin Island

Petrofac has been awarded a contract worth more than $700 million by Sakhalin Energy Investment Company Ltd. for its onshore processing facility (OPF) on Sakhalin Island.