Key Developments: Gazprom neft' OAO (SIBN.MM)

SIBN.MM on Moscow Interbank Currency Exchange

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Latest Key Developments (Source: Significant Developments)

Gazprom neft' OAO buys Gazprombank OAO stake in Northgas-Interfax
Wednesday, 2 Jul 2014 09:43am EDT 

Gazprom neft' OAO:Gazprom Neft purchased the stake in Northgas held by Gazprombank OAO effective on July 1, the date when new rules on the natural resource extraction tax (NRET) for gas took effect, enabling Gazprom Neft to pay the rate that applies to an "independent gas producer"-Interfax.Northgas is developing the Severo-Urengoiskoye field in Yamalo-Nenets autonomous district.Gazprom Neft acquired an 18.237 percent stake in Gazprom Resource Northgas LLC, the owner of a 50 percent stake in Northgas, via a number of number of companies under the company's direct or indirect control.Gazprom owns the rest of the Gazprom Resource Northgas stake.Under the new formula for calculating the NRET for gas, Gazprom subsidiary Gazprom Neft will pay a lower rate thanks to its status as an independent gas producer.  Full Article

Gazprom neft' OAO to supply special bitumen for high volume roads in Moscow-Interfax
Wednesday, 2 Jul 2014 07:23am EDT 

Gazprom neft' OAO:Gazprom Neft will supply Moscow with bitumen materials specially designed for high volume roads under an agreement signed by Moscow Mayor Sergei Sobyanin and Gazprom Neft CEO Alexander Dyukov-Interfax.Gazprom Neft will also supply materials for experimental road segments to test new types of bitumen.The company and Moscow also plan to draft and introduce standards regulating the use of materials in road construction.The agreement is for five years and may be extended.  Full Article

Moody's confirms ratings of Gazprom OAO, NK Rosneft' OAO and Gazprom neft' OAO
Tuesday, 1 Jul 2014 09:55am EDT 

Gazprom OAO:Moody's Investors Service has confirmed the Baa1 ratings of the Government-related Issuers (GRI) Gazprom OAO (Gazprom) and NK Rosneft' OAO (Rosneft), and the Baa1 ratings of their respective guaranteed debt-issuing subsidiaries.Concurrently, Moody's has confirmed the Baa2 ratings of Gazprom neft' OAO, a subsidiary of Gazprom, and the Baa1 ratings of Rosneft International Holdings Limited (RIHL), a subsidiary of Rosneft, and the respective ratings of their guaranteed debt-issuing subsidiaries.The outlook on all ratings is negative.Gazprom's Prime-2 short-term rating remains unchanged.These rating actions follow Moody's confirmation of Russia's Baa1 government bond rating and assignment of a negative outlook on June 27.The confirmation of Gazprom's and Rosneft's senior unsecured issuer ratings reflects Moody's view that the companies' ratings are closely aligned with that of the sovereign, and that they remain sensitive to changes in sovereign creditworthiness.The confirmation of Gazprom Neft's Baa2 and RIHL's Baa1 senior unsecured issuer ratings reflects these companies' close operating and financial linkage with their respective parents' ratings.  Full Article

Gazprom neft' OAO subsidiary wins auction for Khanty-Mansiisk license-Interfax
Monday, 30 Jun 2014 05:44am EDT 

Gazprom neft' OAO:OJSC Gazprom Neft-Noyabrskneftgaz, a subsidiary of Gazprom neft' OAO, won an auction for the right to prospect, explore and develop hydrocarbons at the Otdelny licensed section in the Khanty-Mansiisk autonomous district, an Interfax correspondent reported from the auction-Interfax.The company bid 767.788 million Russian rubles for the license, from a starting price of 451.64 million rubles.Other bidders included Rosneft, LLC Gazprom Neft-Khantos and LLC Lukoil-West Siberia, which strongly competed with the winning company.The Otdelny section is located in the Surgut municipal district of Khanty-Mansiisk.The section's reserves and resources of oil of the C1 category amount to 2.916 million tonnes, C2 - 1.932 million tonnes, D1 - 8.3 million tonnes and D2 - 0.4 million tonnes.At the section 11 exploration wells have been drilled.According to the license's conditions, which are valid for 25 years, the mineral developer must present a re-estimation of the section's hydrocarbon reserves within 6 years of receiving the license, as well as draft and confirm document on the first stage of development for the field.No later than two years after the confirmation of that document, the field should be equipped and put on stream.  Full Article

Gazprom neft' OAO subsidiary begins fueling Air Astana airplanes in Barcelona-Interfax
Tuesday, 24 Jun 2014 04:51am EDT 

Gazprom neft' OAO:Gazpromneft-Aero, the aviation fueling operator of Gazprom Neft, and Kazakhstan's national airline, Air Astana, have singed an agreement to fuel airplanes abroad in the 2014 summer season, Gazprom Neft said in a statement-Interfax.Fueling began at Spain's Barcelona-El Prat Airport, where Air Astana carries out direct flights from Almaty in the summer season.Gazpromneft-Aero fuels Air Astana flights in Spain as part of a partnership with Portuguese energy company Galp Energia, a direct supplier of aviation fuel.In the future, Gazpromneft-Aero is planning to expand cooperation with Air Astana.The company is currently actively developing international flights from Kazakhstan to more than 40 airports in Europe, Russia, the CIS and the Middle East.Gazpromneft-Aero operates at 133 airports in more than 50 countries.  Full Article

Gazprom neft' OAO, Krylovskiy SSC sign cooperation agreement-Interfax
Wednesday, 18 Jun 2014 04:43am EDT 

Gazprom neft' OAO:The chairman of Gazprom Neft's management board, Alexander Dyukov, and the director of the Krylovskiy State Scientific Center (Krylovskiy SSC), Andrey Dutov, signed a cooperation agreement during the 21st World Petroleum Congress, the company said in a statement-Interfax.According to the document, the two companies will cooperate in academic research and development to create marine equipment for the integrated development of fields on the Russian continental shelf.In addition, Gazprom Neft will be the operator of this development.Krylovskiy SSC specializes in the field of high-tech shipbuilding, research and conceptual design, the development of shipbuilding programs and the creation of sea systems for transporting hydrocarbons.The center also carries out assessments and feasibility studies for the development of oil and gas fields on the continental shelf.  Full Article

Gazprom neft' OAO, Rosgeologia sign cooperation agreement-Interfax
Wednesday, 18 Jun 2014 04:40am EDT 

Gazprom neft' OAO:Gazprom Neft Management Board Chairman Alexander Dyukov and the director of Rosgeologia, Roman Panov, have signed a cooperation agreement between the two companies, Rosgeologia said in a statement-Interfax.According to data from Rosgeologia, the companies agreed to develop cooperation on individual projects and on improving applied technology and the legal framework that concerns issues of hydrocarbon exploration.Rosgeologia's particular interest in working with Gazprom Neft lies in unconventional and tight hydrocarbons.To carry out the document's provisions, the companies will create a working group that will consist of representatives from both Gazprom Neft and Rosgeologia.  Full Article

Gazprom neft' OAO maintains 2014 production forecast-Interfax
Friday, 6 Jun 2014 06:10am EDT 

Gazprom neft' OAO:Gazprom Neft plans to produce 64.5 million tonnes of oil equivalent in 2014, unchanged from its previous forecast despite a fire at a SeverEnergia field, Deputy CEO Vadim Yakovlev said at a press conference-Interfax.Gazprom Neft produced 62.2 million tonnes of oil equivalent in 2013.In other words, the company forecasts production to rise 4 percent in 2014.In Feb., the head of the economics and investment department in the company's exploration and production business unit Mikhail Zhelchkov said Gazprom Neft would boost hydrocarbon production by at least 5 pct, including an increase in oil production to 50.8 million tonnes.Yakovlvev clarified to journalists that the company is maintaining its growth forecast despite the fire at the Urengoyskoye field.  Full Article

Gazprom neft' OAO approves FY 2013 dividend payment-Interfax
Friday, 6 Jun 2014 05:08am EDT 

Gazprom neft' OAO:Shareholders in Gazprom Neft approved dividends for 2013 totaling 9.38 Russian rubles per share, including an interim dividend for the first half of the year, an Interfax correspondent reported from the AGM-Interfax.The register of shareholders eligible to receive the dividend closes on June 23.The company paid its first ever interim dividend of 4.09 rubles a share for H1 2013.The total dividend payout for last year could run to 44.43 billion rubles, 380 million rubles more than was paid for 2012.Gazprom Neft is sticking with its policy of paying out 25 percent of consolidated net profits to International Financial Reporting Standards (IFRS), which rose 0.9 percent last year to 177.92 billion rubles.  Full Article

Gazprom neft' OAO launches production drilling at Badra oil field in Iraq
Wednesday, 4 Jun 2014 08:00pm EDT 

Gazprom neft' OAO:Begins its production drilling programme at the Badra field in Iraq where Gazprom Neft is the field operator.Drilling work began with a well over 4,800 meters long in May under a contract with Chinese company ZPEC which provided for the drilling of six wells in total.Two development wells have been successfully tested and switched to production status, making it possible to launch commercial oil production at Badra.The development of a third well is still under way.  Full Article

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