Petroneft

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The company, which operates in the Tomsk Oblast in Russia, said the well has shown virtually no decline since the start of production. File photograph: Getty Images/iStock

Irish oil and gas exploration company PetroNeft said it has seen “encouraging” production from the Cheremshanskoye field, providing it with strong ope(...)

PetroNeft acquired an additional interest in Licence 67 in the Tomsk Oblast, Russian Federation. Photograph: Bloomberg

Oil and gas exploration company PetroNeft said it had converted almost $2.7 million (€2.29 million) of debt to equity under three convertible loan agr(...)

David Sturt, chief executive of PetroNeft:  ‘This two-year facility provides additional financing headroom to the company.’ Photograph: Cyril Byrne/The Irish Times

Oil and gas exploration company PetroNeft said it has agreed a new $2.9 million (€2.4 million) convertible loan facility that will give it greater sec(...)

Photograph: iStock

Oil and gas exploration company PetroNeft said it is continuing discussions on its covertible loan facility that matured at the end of Decemeber. Th(...)

‘It is extremely encouraging to be able to begin seeing the benefits of the field optimisation programmes which started last year,’ said David Sturt, chief executive of Petroneft. Photograph: Cyril Byrne / The Irish Times

Dublin-headquartered oil and gas exploration company Petroneft said production rose in July, as market conditions improved and field optimisation prog(...)

Photograph: iStock

Oil and gas exploration company PetroNeft said it has agreed a new convertible loan facility of $1.3 million with a group of five lenders. The compa(...)

Photograph: iStock

Oil and gas exploration firm PetroNeft has appointed a new chief executive. with David Sturt taking up the role in March. Mr Sturt has been a direct(...)

Photograph: iStock

Losses at oil and gas exploration firm Petroneft narrowed in 2017, as the company implemented a cost cutting plan. Production also fell during the ye(...)

Across Europe, the French Cac 40 and the German Dax rose 0.6% and 0.4% respectively, with the Dax zeroing in on its record high. Photograph:  Reuters

European stocks rose, with gains for property companies offsetting a slump in miners, as the benchmark index ended the first quarter of the year at th(...)

“This exceptional technology will help us to economically and efficiently develop the significant reserve base and exploration potential of Licence 61,” said Dennis Francis, chief executive of PetroNeft Resources.

Oil and gas exploration firm Petroneft said it achieved a record rate of production from a well programme in Russia, reaching 3,500 barrels of oil per(...)

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