Alliance Oil Company Production Update
Alliance Oil Company’s preliminary average daily oil and gas production for April 2013 amounted to 65,743 barrels of oil equivalent (boepd)[i]. In April 2013, preliminary average refining volumes at the Khabarovsk refinery amounted to 69,426 barrels of oil per day (bpd). April preliminary operating results: Upstream, Boepd Oil 54,684 Gas …
Rosneft and KAMAZ Plan to Expand Use of Gas as Motor Fuel
OJSC Rosneft and OJSC KAMAZ signed an agreement on scientific and technological cooperation to expand use of natural gas as motor fuel The largest oil and gas company and a leading Russian truck manufacturer intend to conduct joint research and development in order to build wheeled vehicles with gas-powered engines …
Licence Extension Approval for Max Petroleum
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received final regulatory approval of a two-year extension of the exploration period of the Company’s Blocks A&E Licence by the Ministry of Oil & Gas of the Republic of …
Surgutneftegas Reports Operating Results for April 2013
In April 2013, Surgutneftegas produced about 5.043 mn tonnes of crude oil, at the previous year level (5.034 mn tonnes). Within the fourth month of the current year, crude output in the Republic of Sakha (Yakutia) reached 584,800 tonnes, a 12% increase from crude output in the region in April …
KazMunaiGaz Q1 Financial Results
KazMunaiGas Exploration Production Q1 2013 Financial Results JSC KazMunaiGas Exploration Production announces its condensed consolidated interim financial statements for the three months ended March 31, 2013. Revenues decreased by 2% to 202bn Tenge (US$1,342m)1 compared to the same period of 2012 mainly on lower oil prices partially offset by …
Construction of Kazachya compressor station starts
The construction of the Kazachya compressor station (CS) started today in the Krasnodar Territory. At the moment, the foundation is being built for the station facilities. Start of CS construction Enlarged photo (JPG, 2 MB) The start of the Kazachya CS construction is a significant stage of the Southern Corridor gas transmission system (GTS) project aimed at ensuring gas supply into South Stream as well as gasification of Russia’s central and southern regions. Pouring …
Almetyevneft Has Produced a 600 Millionth Ton of Crude Oil
“Almetyevneft” Oil and Gas Production Board (NGDU), which is one of the leading divisions of JSC TATNEFT, has produced a 600 millionth ton of crude oil since its foundation. The ceremonial meeting devoted to this significant event was held at the “Neftche” Palace of Culture in Almetyevsk (Republic of Tatarstan) …
Rosneft to Strenghten Cooperation with PetroVietnam
Oil Company Rosneft (Rosneft) and Vietnam Oil and Gas Corporation “PetroVietnam” (PetroVietnam) today signed a Memorandum of Understanding (MOU) in Sochi to strengthen cooperation between the two oil and gas companies. The MOU – signed by Rosneft President and Chairman of the Management Board Igor Sechin and PetroVietnam Chairman of …
Rosneft Sign Cooperation Agreements for Expanded Use of Gas Engine Fuel
Rosneft signed several agreements to boost the gas engine fuel market after the meeting held by the Russian President Vladimir Putin in Sochi dedicated to future use of gas engine fuel. President of Rosneft Igor Sechin and General Director of VOLKSWAGEN Group Rus LLC Marcus Osegowitsch signed an agreement aimed at the development of …
Putin Defends Russia’s Unconventional Gas Stance
By Kevin Godier As a number of countries across the world step up their unconventional oil and gas development, Russian President Vladimir Putin has claimed that his country has not fallen behind its peers by adhering to conventional gas production. Putin said in a recently televised question session that Russia …