Oil

TATNEFT took part in the All-Russian forum "Health Resort 2017", which was held in Ufa this year. The contest was held within the framework of the forum, social facilities of the Company were recognized as the best and were awarded gold and silver medals and diplomas.

Construction of a delayed coking unit (DCU) has now begun at Gazprom Neft’s Omsk Refinery. Annual raw material consumption at the complex will be two million tonnes.

Gazpromneft-Noyabrskneftegaz, a subsidiary of Gazprom Neft, has completed the drilling and testing of its first production well at the Zapadno-Chatylkinskoye field.

The JMMC met in St. Petersburg for its fourth meeting on 24 July 2017 to review the June 2017 report as well as the first six months of the Declaration of Cooperation, as submitted by the JTC.

Schlumberger Announces Second-Quarter 2017 Results

A regular meeting of the Board of Directors of PJSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on July 21, 2017.

Husky (TSX:HSE) generated funds from operations of $715 million in the second quarter, leading to free cash flow of $135 million.

RAEX (Expert RA) credit rating agency assigned PJSC Tatneft a nonfinancial company creditworthiness rating of ruAAA. The outlook for the rating is stable.

«Green seismic» technology, which leads to lower tree felling in seismic prospecting operations, is being prepared for roll-out across Gazprom Neft assets.

Statoil and partners ENI and Petoro have made a small gas discovery in the Blåmann well, between the Snøhvit and Goliat fields in the Barents Sea. Recoverable volumes are estimated at 1.5-3 billion standard cubic metres (BCM), approximately 10-20 million barrels of oil equivalent (BOE).

Marathon Petroleum Corp. (NYSE: MPC) will host a conference call Thursday, July 27, at 9 a.m. EDT to discuss 2017 second-quarter financial results, which will be released earlier that day, and to provide an update on company operations.

Statoil ASA and Queiroz Galvão Exploração e Produção (“QGEP”) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin.