• 2017 November 15 12:50

    Gazprom Neft reports profit growth of more than 28% Y-o-Y in 9M’17

    Gazprom Neft has published consolidated financial accounts (IFRS) for Q3 2017 and the nine months ended 30 September 2017.

    In the first nine months of 2017, Gazprom Neft achieved revenue (including duties (sales)) of RUB1,458 billion, an increase of 19.3 percent year-on-year. The company recorded 22.9 percent year-on-year growth in its adjusted EBITDA, to RUB399 billion, attributable to the successful development of new hydrocarbon production projects, growth in retail sales, and the recovery of the oil price and the price of oil products, alongside effective management initiatives. 9M 2017 net profit attributable to shareholders is RUB189 billion, an increase of 28.2 percent year-on-year.

    Free cash flow for the 9M 2017 totaled RUB83 billion, supported by increased cash flow from operations and the completion of key infrastructure investments in new upstream projects.

    Hydrocarbon production for 9M 2017, including Gazprom Neft’s share in joint ventures, reached 67.05 million tonnes of oil equivalent (mtoe), an increase of 5.6 percent year-on-year. This growth reflected increased production at new assets, including the Novoportovskoye, Messoyakhskoye and Prirazlomnoye fields, as well as in Iraq.

    Refining volumes in 9M 2017 declined in line with the company’s production plan, to accommodate major, planned maintenance works at the company’s refining facilities. Retail sales grew 6.3 percent, with more than 8.1 million tonnes of oil products sold through the company’s petrol station network in the first nine months of 2017.

    Commenting on the Q3 and nine-month results, Alexander Dyukov, Chairman of the Gazprom Neft Management Board, said: “Gazprom Neft continues to demonstrate solid growth in its financial results driven by progress on new projects, an improved pricing environment and effective management. The company is continuing to implement a growth strategy aimed at further strengthening its position as an industry leader in efficiency and return on investment. In the first nine months of 2017 we have achieved record free cash flow, enabling us to further improve our dividend yield and grow shareholder value.”

2020 August 3

14:18 Ust-Luga Company wins the Ust-Luga Cup 2020
13:24 Borr Drilling Limited enters into a new contract and LOIs for three rigs
13:08 Long-awaited project of Kalmykia’s Lagan Port becomes part of the federal transport territorial planning
12:46 MSC Cruises and Palumbo Group form joint venture to operate the Palumbo Malta Shipyard
12:23 OHT wins contract for transport and installation of foundations at Dogger Bank
12:20 RZD to resume traffic via new rail bridge across the Kola as of October 1
11:46 Eagle Bulk reports the successful resolution of security incident onboard vessel
11:10 Buyan-class corvette Grayvoron departs for Novorossiysk sea trials base
09:48 Crude futures prices edge down
09:41 MABUX: Bunker market this morning, Aug 03
09:16 Baltic Dry Index as of July 31

2020 August 2

16:03 Kirby Corporation announces 2Q, 2020 Results
15:31 Bollinger delivers second of three USCG FRCs to be home-ported in Guam
14:37 Dennis de Bruin appointed Managing Director of Commercial Shipping Europe
13:52 ABS supports global offshore wind development with updated guidance
12:35 USCG sets port condition Zulu for Ports of Miami and Key West
11:24 Tony Goldsmith announced as new head of marine at law firm Hill Dickinson as David Wareing steps down
10:52 Sea Machines partners with Maine Maritime Academy & MARAD to include intelligent vessel systems in curriculum

2020 August 1

14:21 U.S. appoints coordinator for the Arctic Region
13:14 CMA CGM announces GRR for Asia-West Africa trade
12:44 Polarcus awarded 3D project in Asia Pacific
11:31 Pacific Basin announces 2020 interim results
10:53 EBRD supports decarbonisation of energy sector in Cyprus

2020 July 31

18:26 Fincantieri BOD approves 1H 2020 results
18:07 Vostochnaya Verf to launch 03141-series first crab catcher in autumn 2020
17:36 Holland America Line changes name of newbuild to Iconic Rotterdam and designates it the new flagship
17:07 October Revolution Shipyard rolls out small seiner for a Kamchatka fishing company
17:06 Alfa Lift signs contract for transport and installation of foundations at Dogger Bank
16:44 Ship recycling in Bangladesh leaps forward with third phase of key project signed
16:05 Cox production diesel outboards make their way to North America
15:36 Port of Vancouver USA receives longest wind blades ever
14:42 USCG medevacs mariner 35 miles offshore Freeport, Texas
13:44 OOCL announces new China Indonesia Philippines service
13:39 Construction of A45-90.2 series passenger ship duo kicked off at SNSZ Shipyard
12:45 Petrotrans accepts delivery of third dry cargo ship of Project RSD59
12:10 McNetiq launches new magnetic anchors for fall protection
11:09 CMA CGM announces rates from China to Middle East Gulf
10:00 DP World Komatipoort becomes the first dry port east of Gauteng
09:46 Baltic Dry Index as of July 30
09:32 Crude futures prices climb
09:08 EMSA and ECDC issue guidance in response to COVID-19 challenges
08:51 Bunker Market this morning, 31st July, 2020
08:46 Australia bans bulk carrier TW Hamburg for wage exploitation

2020 July 30

18:24 DP World volumes down 3.9% in 1H2020
18:04 $300 billion T&L industry is still in infancy of digital transformation - Lux Research
17:43 Port of San Diego establishes Foreign Trade Zone at Tenth Avenue Marine Terminal
17:23 Association of River Ports and Ship Owners celebrates its 25th anniversary
16:04 Russia should join the Nairobi Convention – Transport Ministry
16:03 Aimo Park Finland selected to build customer-centric parking at Helsinki harbours
15:25 APM Terminals first to launch fully digital export management system in Russia
15:04 Russian Gov’t to regulate determining evaluation costs of domestically built ships
14:17 MABUX Weekly Viewpoint
12:15 Van Oord awarded contract to construct Hollandse Kust (noord) offshore wind farm
11:42 USCG assists vessel taking on water near Freshwater Bayou
11:05 Maersk Drilling invests in new technology to facilitate carbon-neutral drilling
10:54 Castor Maritime announces vessel acquisition
09:46 Crude futures prices edge down
09:20 Baltic Dry Index as of July 29
09:02 Bunker Market this morning, July 30, 2020

2020 July 29

18:58 CMA CGM announces FAK rates from Asia to the Mediterranean