2011

Gazprom Neft has reached an agreement with a group of banks to raise a five-year $600 million unsecured club term loan facility for general corporate purposes. The interest rate on the loan amounts to LIBOR +1,5%. The Mandated Lead Arrangers and Bookrunners are Bank of America N.A., Citibank N.A., HSBC …

Integra Group, a leading FSU-based diversified oilfield services provider, announces the completion of a GDR buyback program launched on 28 October 2010 (the “Program”). As part of the program, the Company has purchased a total of 7,260,054 GDR’s for US$ 25 million at an average price of US$3.44/GDR. The amount …

The 2011 Caspian Oil & Gas Exhibition and Conference takes place 7-10 June in Baku. It is expected that the exhibition will be opened again by the President of Azerbaijan, HE President Aliyev and held at the new Baku Expo Center. The conference will be on 8-9 June at the …

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. Narmundanak South Drilling has commenced at the NARS-1 exploration well on the Narmundanak South prospect in Block …

Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce that appraisal well 3 (EWS II – 139) successfully found oil on the western part of the EWS II field. …

Gazprom Neft publishes today on its website (ir.gazprom-neft.ru) its consolidated financial results in accordance with US GAAP for the three months ended 31 March 2011. Revenue in Q1 2011 increased by 35% to $9,865 mln. compared with Q1 2010 primarily due to higher oil prices and increased sales volumes. Earnings …

JSC KMG EP has informed the Ministry of Oil and Gas of the Republic of Iraq and the company Korea Gas Corporation (KOGAS) of its withdrawal from participation in the Akkas Field Development project negotiations in Iraq. In October 2010 KMG EP, together with KOGAS (the “Consortium”), won a tender …

PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its preliminary results for the year ended 31 December 2010. Operational Highlights • Year-round production commenced on schedule in Q3 2010 • Group 2P reserves increase 37% to 96.9 mmbbls • …

The Parliament of the Republic of Azerbaijan ratified the new production sharing agreement (PSA) between BP and SOCAR on joint exploration and development of the Shafag-Asiman structure in the Azerbaijan sector of the Caspian Sea. Rashid Javanshir, BP’s Regional President, said: “We are particularly pleased that the PSA was ratified …

JSC KazMunaiGas Exploration Production released its consolidated financial statements for the three months ended March 31, 2011:  The average price of Brent in the first three months of 2011 was 38% higher than in the same period last year, up from US$76 per barrel to US$105 per barrel  …