Latest Oil & Gas News

Caspian Energy Inc. and partners have encountered net pay zones aggregating 184.8 metres at a new discovery well in the West Zhagabulak field of Kazakhstan. Following successful logging, Well 316 has ...
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Shell announces today that Malcolm Brinded has agreed to step down as an Executive Director of the Company with effect from 1 April 2012. Mr Brinded has agreed to remain at Shell until 30 April 2012 i...
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In 2011, the improved macro environment supported our operations and financial performance. The price of Urals increased by almost 40% year-on-year and the Russian Rouble strengthened against the US...
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TNK-BP and the Government of the Orenburg region signed an Agreement to determine the key areas and parameters of cooperation between the Company and the region in 2012. TNK-BP is the biggest taxpayer...
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Dragon Oil, an international oil and gas exploration, development and production company, announces its full-year results for the year ended 31 December 2011. These results are prepared in accordance ...
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A meeting of a standing committee on labor safety was held at OAO TATNEFT with participation of its structural divisions and management companies on the results of operation in 2011 and the main areas...
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Bashneft has placed series 04 certificated interest-bearing non-convertiblebearer bonds (the state registration number 4-04-00013-A of 29 September 2011) with a total par value of 10 billion rub...
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Samotlorneftegaz (incorporated into the TNK-BP Group of companies) is actively using the mobile drilling technology for more efficient production in mature fields of West Siberia. The technical capaci...
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Gazprom headquarters hosted today a working meeting among Alexey Miller, Chairman of the Company’s Management Committee, Umirzak Shukeyev, Head of the Samruk-Kazyna National Welfare Fund, Ch...
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FMC Technologies, Inc.  announced it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). Terms of the transaction, which is subject to further due diligence and va...
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TNK-BP and the Krasnoyark Krai Government signed a cooperation agreement for 2012, according to which the company will invest at least 3 billion rubles in 2012 into development of infrastructure and i...
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International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce the appointment of Mr Pierre Godec as a Non-Executive Director of the C...
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PetroNeft Resources plc, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce an update on its operations. Highlights: • Year end production reached...
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A delegation of main construction participants of the Gazprom’s project “Novy Urengoy Gas and Chemical Complex” visited TANECO Refineries and Petrochemical Plants Complex (NPiNHZ). T...
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Alliance Oil Company Ltd’s total oil reserves increased by 1.8% to 996.9 million barrels (978.8 million barrels). The Company replaced 153.6% of the total 2011 oil production by adding net ...
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TATNEFT Company has successfully drilled wells of small diameter with horizontal wellbore completion. The wells with horizontal wellbores following the TatNIPIneft design have been constructed for NGD...
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FMC Technologies, Inc. reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the prior-year quarter. Diluted earnings per share were $0.41, equal to the prior-year quarter. Total in...
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OJSC Orenburgneft plans to invest $170 mln in a programme to deploy new technologies by 2016. The Company’s focus areas include boosting reserves and optimizing field developments; well work and...
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Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”...
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DOCKWISE Ltd. today publishes results for the three month period ended 31 December 2011. André Goedée, Chief Executive Officer Dockwise, commented: The fourth quarter concluded a demanding, but ulti...
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Hardbanding Solutions, a business unit of Postle Industries, has opened an office and distribution center in Scotland.  Managed by Colin Duff, this office is responsible for customers in Russia, Euro...
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TNK-BP has held a Contractor Day in Moscow for its oil and gas projects in Yamal and northern Krasnoyarsk Region for the company’s current and potential future contractors. It was attended by over 2...
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Exillon Energy plc, a British independent oil producer with assets in two oil-rich regions in northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is ...
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As of today, there are 4069 supplier companies registered in the framework of creating the electronic trading system for procurement of material and technical resources for TATNEFT Company enterprises...
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The oil and gas industry’s key players will present critical new technologies and commercial opportunities available in the offshore Arctic, at the Arctic Region Oil & Gas Conference in Norway ...
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The specialists of TATNEFT Company started well workover operations in the south-eastern sector of the oil production area No. 4 at NGDU “Goturdepenebit”. The work is carried out by the Co...
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Gazprom Neft has published its unaudited consolidated financial results in accordance with accounting principles generally accepted in the United States of America (US GAAP) for the year ended 31 De...
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Tethys Petroleum Limited announced the issue of a tender for the final stage seismic program in Tajikistan which when complete will identify the location for the first deep pre‐salt well to be dri...
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Crude Oil Production TATNEFT produced 2,201,630 tons of crude oil in January 2012 or 100% versus January 2011 with the above-the-plan production amounting to 52,162 tons (102.4%). The amount of 2,176,...
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Public hearings were held in the city of Archangelsk to discuss seismic research programmes in the Kara Sea on two blocks licensed to Rosneft – East Prinovozemelsky-1 and East Prinovozemelsky-2 – ...
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Alexander Avramenko, the head of Tatneft’s Procurement Department, will take part in the VII International Conference “Oil&Gas Industry Procurement” (NEFTEGAZSNAB-2012)  which is to start o...
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Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with regard to BNG well 136. The well, which is on the North Yelemes structure and is ...
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JSOC Bashneft has announced the results of an annual independent audit of the Company’s oil reserves conducted by Miller and Lents, Ltd. according to the international PRMS classification (Pet...
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Vladimir Ilyasov was appointed as General Director of LLC Bashneft-Dobycha, the main oil producing entity of JSOC Bashneft. Ilyasov Vladimir was born on March 13, 1967. In 1995, he graduated fr...
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Baker Hughes has broadened its pipeline service portfolio to include circumferential magnetic flux leakage (MFL) inspection technology, which enables pipeline operators to identify anomalies in pipeli...
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Five representatives of Tatarstan and among them Vladimir Pupyshev, a remedial well servicing operator of NGDU “Prikamneft” of OAO TATNEFT, were included in the federal project “Hall...
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Gazprom is tightening the purse strings on the stalled Shtokman project as it revealed a substantial cut in its investment budget for this year, according to a report. The Russian gas giant is allocat...
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BP group chief executive Bob Dudley today said that returning operational momentum and strong cash flow generation in 2011 gave the company increasing confidence in its plans to grow value for shareho...
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Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora “Exillon TP” and West Siberia “Exillon WS”, is please...
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Schlumberger today announced the availability of its new PressureXpress-HT* reservoir pressure service and MDT Forte-HT* qualified, rugged, high-temperature formation sampling and pressure system. The...
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Halliburton has been reapproved by the Occupational Safety and Health Administration (OSHA) as a Star Worksite within its Voluntary Protection Programs (VPP). The worksite approval is for Halliburton�...
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TNK-BP and the government of Tyumen Region have signed a protocol to their Strategic Partnership Agreement, confirming the parameters of interaction between the company and the region in 2012. TNK-BP ...
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• When the cold weather set in, there appeared worrying reports of gas deficit. The picture drawn from these reports was a far cry from reality. Gazprom was not cutting its supplies to the EU, which...
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NKT, a joint venture between NKT Holding and Subsea 7 S.A., is based in Denmark. The company designs and manufactures flexible pipe products and systems for the offshore oil and gas industry, includin...
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The Board of Directors resolved to convene the annual General Shareholders Meeting of Gazprom on June 29, 2012 in Moscow. A list of persons entitled to take part in the Shareholders Meetin...
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TNK-BP Acquires a Network of 8 Service Stations in the Tver Region The purchased service stations are located on major federal highways M10 “Moscow–Saint Petersburg” and M9 Baltia “Moscow–Vo...
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Exillon Energy plc, an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased...
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The oil and gas industry’s key players will present critical new technologies and commercial opportunities available in the offshore Arctic, at the Arctic Region Oil & Gas Conference in Norway t...
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OAO LUKOIL finished an evaluation and independent audit of its oil and gas reserves as they stand on December 31, 2011. The evaluation was performed in accordance with the US Securities and Exchange C...
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The list of candidates is based on the nominees put forward by shareholders who own at least two percent of the voting shares. The following candidates were nominated to the Board of Directors: 1. Vag...
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In connection with the development of the world’s first seabed gas compression facility on the Åsgard field, Technip Norway has been awarded the contract for the marine operations of the project. T...
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I am pleased to announce that Gazprom Group has restored in full natural gas supplies to cover demand of European customers which soared to extreme heights all over the continent in February 2012 due ...
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The shares purchased by DNB on behalf of Statoil on 15 February 2012 for use in the group's share saving plan have on 17 February 2012 been distributed to the employees in accordance with their saving...
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Statoil and partner ExxonMobil confirm that the Zafarani-1 well in Block 2 offshore Tanzania has encountered indications of natural gas in a good quality reservoir. ...
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In January 2012 thirty years passed since the arrival of the first tractor-sledge train to Yamburg. That event marked the beginning of the commercial development of the Yamburgskoye oil, gas and conde...
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The main event of the previous year for Gazprom dobycha Yamburg became the development of Neocomian (Valanginian) deposits of the Zapolyarnoye oil, gas condensate field. The comprehensive gas treatmen...
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Rotation settlement Novozapolyarny (the Zapolyarnoye oil and gas condensate field) hosted the traditional meeting of the management and primary trade union organization of Gazprom dobycha Yamburg with...
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The schoolchildren from Germany and Novy Urengoy gymnasium visited Gazprom dobycha Yamburg....
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Yesterday an international arbitration tribunal issued a Second Interim Award ordering Ecuador to prevent enforcement and recognition of the $18.2 billion Lago Agrio judgment, both within and without ...
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Chevron Nigeria Limited has begun the process of drilling a relief well to seal the Funiwa 1A natural gas well. The relief well is being drilled to extinguish a fire that began Jan. 16 at the original...
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On behalf of Statoil, DNB has on 15 February 2012 purchased 507,000 shares for use in the group`s Share saving plan. ...
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Chevron Corporation today reports that its affiliate Tengizchevroil LLP expects to enter front-end engineering and design in 2012 for an expansion project to increase total daily production between 25...
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Under the current abnormally cold weather conditions in Russia and in Europe, we manage to maintain stable and secure gas supplies to European customers, and this is achieved largely due to the use of...
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Statoil announced today that it will propose for the Corporate Assembly that it forwards to the General Meeting a recommendation to elect KPMG as the new independent group auditor commencing with acco...
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Statoil's (OSE:STL, NYSE:STO) fourth quarter 2011 net operating income was NOK 60.7 billion, a 42% increase compared to NOK 42.8 billion in the fourth quarter of 2010. ...
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As participant in the Statoil US Employee Share Savings plan, the Statoil ASA primary-insider Mr. William Maloney has been allocated the following number of shares in February 2012: ...
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Deputy Chairman of the Management Committee, Director General of Gazprom export Alexander Medvedev showed a surprise over the appearing messages of the presumed significant undersupplies of the Russia...
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Despite the fact that due to the cold weather, domestic gas consumption in Russia has soared, Gazprom continuously meets its obligations towards the European customers, the company has announced....
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Gazprom Group company Vemex s.r.o. has opened a filling station within the territory of its office in Prague. This mini-station will meet the demand of employees and their partners using compressed na...
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The divestment of 24.1% of the Gassled shares from Statoil ASA to the consortium Solveig Gas Norway AS is now completed. ...
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Statoil, together with its Luva field partners, has selected a Spar platform to develop the field. As a gas transport solution has also been decided, a major step has now been taken towards deep-water...
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Statoil and its partners on the Snøhvit field have increased the reserves estimate by 20 billion standard cubic metres of gas. ...
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Chevron Corporation today reported earnings of $5.1 billion ($2.58 per share – diluted) for the fourth quarter 2011, compared with $5.3 billion ($2.64 per share – diluted) in the 2010 four...
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The Board of Directors of Chevron Corporation today declared a quarterly dividend of eighty-one cents ($0.81) per share, payable March 12, 2012, to holders of common stock as shown on the transfer rec...
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Statoil farms into a Cairn Energy operated exploration licence offshore West Greenland. ...
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The Ministry of Petroleum and Energy today, 20 January, gave the green light to the plan for development and operation (PDO) of Skuld, a fast-track development tied in to the Norne field in the Norweg...
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Statoil has resumed production at the LNG plant at Melkøya outside Hammerfest following a temporary shutdown due to rupture of a firewater line Wednesday last week. ...
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Chevron Corporation today announced that it has filed an appeal seeking review by Ecuador’s National Court of Justice of the adverse appellate judgment issued against the company in early 2012 b...
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Chevron Corp. today announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia....
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Chevron Corporation said that its subsidiary, Chevron Nigeria Limited (CNL), has called off the search and rescue activities for two contractors who were missing after Monday’s fire aboard the K...
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The shares purchased by DNB on behalf of Statoil (OSE:STL, NYSE:STO) on 13 January 2012 for use in the group's share saving plan have on 17 January 2012 been distributed to the employees in accordance...
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Today, 17 January, Statoil was awarded ownership interests in eleven production licences on the Norwegian shelf. Statoil will be the operator in eight of the licences. ...
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OOO Gazprom Export reached and formalized agreements with several major customers in Europe, providing for a certain price correction of the Russian natural gas supplies, based on these contracts, in ...
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Chevron Corporation said that an extensive search and rescue effort continues for two contractors who remain missing after yesterday’s fire aboard the K.S. Endeavor, a drilling rig offshore Nig...
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Chevron Corporation reports that its subsidiary, Chevron Nigeria Limited, is working to contain a fire that ignited early this morning aboard the K.S. Endeavor, a drilling rig offshore Nigeria operate...
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Now, it is also possible to buy CNG at Lukoil's stations....
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Chevron Corporation (NYSE: CVX) today reported in its interim update that earnings for the fourth quarter 2011 are expected to be significantly below third quarter 2011 results....
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