2014

Shelton Petroleum has commenced fieldwork for the collection of 85 kilometers of seismic on the Suyanovskoye field in Bashkiria. Shelton Petroleum has previously carried out helium studies on Suyanovskoye that indicate the presence of hydrocarbons and an active petroleum system. Suyanovskoye is Shelton Petroleum’s largest license area and has significant …

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with developments at its Galaz asset, in which Roxi has a 34 per cent interest. Background The Galaz block is located in the Kyzylorda Oblast in central Kazakhstan. The Contract Area …

North Atlantic Drilling Ltd. announced today that it has priced its initial public offering of 13,513,514 common shares at $9.25 per share.  The Company has granted the underwriters a 30-day option to purchase up to 2,027,027 additional common shares.  At the request of the Company, the underwriters have agreed to …

The AMEC Tekfen Azfen (ATA) consortium has been awarded a contract totalling $974 million for BP-operated Stage 2 development of the Shah Deniz gas field in the Caspian Sea. AMEC will contribute its project and construction management expertise to the consortium. The contract covers the fabrication, load out and offshore …

A regular meeting of the Board of Directors of JSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on January 28, 2014. The Board of Directors reviewed the results of JSC TATNEFT’s budget execution for 2013 and approved the budget for February of …

Gazprom Neft’s Board of Directors has reviewed the Company’s debt structure. The Company is constantly seeking to diversify its debt portfolio by attracting funding at an optimal interest rate for longer terms whilst maintaining a strong balance sheet. The investment ratings assigned to the Company by the world’s leading rating …

German based manufacturer of drilling rigs and equipment, Bentec has won the largest single contract in its 20 year history. The multi-million dollar contract was awarded by Algerian state owned drilling contractor, Enafor and will see Bentec deliver seven desert drilling rigs within the next 17 months. All drilling rigs …

March 18th the supply companies, such as Rosneft, Gazprom neft, Тransneft, Surgutneftegaz, Тatneft, Bashneft are going to meet the procurement specialists at the ninth annual conference  “Supplies in oil&gas complex” (NEFTEGAZSNAB-2014). The conference NEFTEGAZSNAB held at InterContinental Moscow Tverskaya hotel is the greatest Russian event which gathers heads of logistics …

Bashneft has released its preliminary operating results for the fourth quarter and the 12 months of 2013. In 2013 oil production at the Company’s fields totalled 16,073 thousand tonnes (117,333 thousand barrels)*, which is 4.1% more than in 2012. In 2013 Bashneft’s average daily production reached 44 thousand tonnes per day (321.2 thousand bbl/d) ‘In 2013 Bashneft reported the …

Today Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2013. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended September …