Russia’s First Subsea Production facility Successfully Tested in Kirinskoye Field within Sakhalin III Project
Today the Onshore Processing Facility (OPF) of the Kirinskoye gas and condensate field in the Sakhalin Region hosted an official ceremony dedicated to the first gas production and its transmission system testing. Taking part in the ceremony were Alexey Miller, Chairman of the Gazprom Management Committee, Yury Trutnev, Deputy Prime Minister of the Russian Federation and Presidential …
NOVATEK Launched the Urengoyskoye Field
OAO NOVATEK announced today the initial launch of the Urengoyskoye field within the Company’s Olimpiysky license block, with the field’s production capacity estimated at one (1) billion cubic meters (bcm) of natural gas per annum. Four (4) production wells have been completed at the field, of which three (3) wells …
Greenpeace: Charges Changed From Pirates to Hooligans
Russia on Wednesday dropped piracy charges against 30 people involved in a Greenpeace protest against Arctic oil drilling, replacing them with lesser offences and cutting the maximum jail sentence they face to seven years from 15 reported Reuters. The charges against activists who protested at a Gazprom oil platform off …
Siemens MMDC, Main Motors and Drives Contractor, a Unique Business Concept for Cost Reduction, Efficiency, and Transparency for Oil and Gas Projects
The MMDC business concept was developed in close collaboration with the oil and gas industry to address the highest requirements for efficiency and reliability. Prerequisite for this business concept is a comprehensive portfolio in motors and drives. Furthermore it offers close coordination between end user, EPC (Engineering-Procurement-Construction), OEM (Original Equipment …
Shelton Petroleum AB: Outcome of Exchange of Convertible Bond 2012/2013
As previously announced the Extraordinary General Meeting of Shelton Petroleum on 22 August 2013 has resolved to offer the holders of convertible bond 2012/2013, originally issued in 2009 and maturing on 31 December 2013, to exchange the bond in the amount of SEK 22,770 thousand with a new bond by …
Novatek: Concludes Heads of Agreement on LNG Supply with CNPC
OAO NOVATEK announced the conclusion of Heads of Agreement for the supply of liquefied natural gas (LNG) between Yamal LNG and China National Petroleum Corporation (“CNPC”). The document provides for the supply of no less than three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for …
KazMunaiGas E&P: Shows Marginal Production Increase
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2013. KMG EP produced 9,228 thousand tonnes of crude oil (250kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), which is 120 thousand tonnes or 1% more than in the same …
KazMunaiGas Exploration and Production: Elects Two New Members to the Board
JSC KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders on October 22, 2013, where Yerzhan Znangaulov was elected as a new member of Board of Directors and Alastair Ferguson was elected an Independent Non-Executive Director. The new Board of Directors: Daniyar Berlibayev – Chairman of the Board of …
The «RosPromEco-2014» Exhibition
The Russian Industrial and Environmental Forum «RosPromEco-2014» Exhibition’s dates and venue are set and defined. Work of the Exhibition «RosPromEco-2014» is scheduled from 17 to 18 November 2014 the Gostiny Dvor, Moscow. The Exhibition «RosPromEco-2014» will take place in the framework of the Russian Industrial and Environmental Forum. The Exhibition …
Slavneft:12.7 million Tons of Oil Produced in First 9 Months of 2013
From January to September, 2013, OAO NGK Slavneft‘s entities produced 12.7 mln tons of oil and 613 mln tons of gas, which is 5.5% and 2.3% below the previous year’s indicators, correspondingly. 139 new wells were commissioned at the Company’s fields year-to-date. Production drilling meterage amounted to 775.2 ths meters, …