Max Petroleum: Successful Appraisal Well at Uytas
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the UTS-11 appraisal well in the Uytas Field has successfully reached a total depth of 450 metres, with electric logs indicating a total of 26 metres of net oil pay in …
Gazprom and Shell Discuss Bilateral Cooperation in Oil and Gas Sector
A working meeting took place today between Alexey Miller, Chairman of the Gazprom Management Committee and Peter Voser, Chief Executive Officer of Royal Dutch Shell. The parties discussed the main issues of the bilateral cooperation in the oil and gas sector, including exploration, extraction, processing, LNG production as well as oil and gas sales in the global energy market. In particular, the meeting …
Rosneft Bolsters Works at Kara Sea Shelf
Rosneft jointly with the RosHydroMet Arctic and Antarctic Research Institute starts the large-scale program for comprehensive studies of the Kara Sea shelf as part of Kara Sea Summer 2013 Marine Expedition. The Expedition is scheduled for July 12. Full-scale development of the Arctic offshore fields is one of the key …
International Petroleum Fails to Receive Range Resource Loan Finance
International Petroleum Limited, advises its shareholders that , since its announcement on 17 June 2013 , it has not received any additional funds from Range Resources Limited pursuant to the loan facility ( Loan ) provided by Range Resources to the Company. To date, the Company has received US$ 8million …
Weatherford Announces Alex Cestero as the New Co-General Counsel
Weatherford International Ltd. today announces that Alejandro (Alex) Cestero has joined Weatherford as Vice President and Co-General Counsel. Mr. Cestero previously served as Vice President, General Counsel, Secretary and Chief Compliance Officer of Lufkin Industries, Inc. Prior to joining Lufkin, Mr. Cestero was the Senior Vice President, General Counsel, Secretary and Chief …
KazMunaiGas: Changes Board and Decreases Capital Expenditure
JSC KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders on July 09, 2013. At the meeting a member of the Company’s Board of Directors, Lyazzat Kiinov, has resigned and Daniyar Berlibayev, First Deputy Chairman of the Managing Board for Corporate Development of National Company KazMunaiGas was appointed a …
Collection and Processing of Associated Petroleum Gas in Tatneft. Year Half Results
“Tatneftegazpererabotka” Administration (UTNGP) of JSC TATNEFT gathered 425.9 million cubic m in the first half of 2013, which was 11.7 million cubic m more than in the same period of 2012. The utilization ratio of associated petroleum gas reached 95.08 percent. The volume of gas supplies for processing totaled 378.4 …
Frost and Sullivan: PPE Set to Boom in Russia
A thriving oil and gas industry holds tremendous promise for the future of the related personal protective equipment (PPE) market in Europe and the former Soviet Union (FSU). Adoption levels will be reinforced by stricter safety regulations and heightened awareness about worker safety. New analysis from Frost & Sullivan (www.chemicals.frost.com), …
Bashneft releases preliminary operating results for the first half of 2013
Bashneft released its preliminary operating results for the six months of 2013. During the period from January through June 2013, oil production at the Company’s fields amounted to 7,768 thousand tonnes, which is 1.5% higher than in the same period in 2012. In the second quarter of 2013, Bashneft produced …
Alexander Popov Appointed Director General of Itera Oil and Gas Company
Alexander Popov is appointed Director General of Itera Oil and Gas Company LLC. The new head has a task to efficiently integrate Itera’s assets into OJSC Oil Company Rosneft’s structure in order to gradually implement the company’s gas strategy aimed at substantial gas reserves monetization and increasing Rosneft’s shareholder value. …