Nostrum Oil & Gas Appoints New CEO and Non-Executive Director
The energy company has appointed a new CEO and a Non-Executive Director to its board.
The energy company has appointed a new CEO and a Non-Executive Director to its board.
The oil and gas company has notified of a delay in interest payments due to a payment administration issue, but states the funds are available and it is working to resolve the matter.
The energy company announces changes to its board of directors as it engages in discussions with stakeholders about the company's future direction.
The energy company has published its annual report and notice of the upcoming annual general meeting.
The energy company reported a mixed Q1 2025, with EBITDA growth but declining revenue and cash position. However, the valuation suggests potential upside.
The energy company reported strong operational performance in Q1 2025, with significant increases in production and processed volumes. However, revenue was impacted by a temporary crude oil inventory build-up.
The energy company reported a 48% increase in production and 94% rise in processed volumes, driving strong financial results in 2024. The firm also advanced its Stepnoy Leopard fields development.
The oil and gas company has announced changes in its major shareholder positions.
The energy company has received approval for a phased development plan for its Stepnoy Leopard fields in Kazakhstan, which will improve utilization of its gas processing facilities and cashflows.
The energy company has extended its hydrocarbon processing agreement with a joint venture partner, providing additional feedstock for its gas processing facilities until 2031.