2014

A consortium developing Kazakhstan’s giant Kashagan oilfield, which was shut down in October due to pipeline leaks, said it expects by next month to have the results of steel tests and inspections needed to establish a date for output to resume. Kashagan, the world’s biggest oil find in decades and …

PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce an operations update. Highlights Delineation drilling results at Lineynoye No. 9 indicate the J1-1 interval is oil saturated and in line with expectations. Average Production remains at about 2,300 bopd, with additional workovers …

Rosneft announces that the Company received the first tranche of advance payment from China National Petroleum Corporation (CNPC). The payment was received in two parts in line with the schedule agreed by the parties. The Company receives the advance payment following the long-term crude oil supply contracts signed by Rosneft …

Mikhail Vladimirovich Leontyev was appointed the Press-Secretary – Director of the Information and Advertisement Department in the rank of Vice President on January 14, 2014. He will be supervising the external communications, advertising and exhibition activities division at Rosneft. Vladimir Tyulin who occupied the position of Press-Secretary – Director of …

TATNEFT Company continues developing advanced technologies for reservoir pressure maintenance (RPM) aimed at reducing energy costs and increasing production efficiency. Today, they are focused on protecting injection wells downhole equipment from high pressure and corrosion, as well as comprehensive process optimization of the RPM system. 212 new injection wells were …

Yamal Development (a 50:50 joint venture between JSC Gazprom Neft and JSC NOVATEK) has acquired a 60 percent holding in Arctic Russia B.V. from Italy’s Eni. Arctic Russia B.V. owns a 49-percent equity interest in SeverEnergia. Following the transaction Gazprom Neft’s stake in SeverEnergia will increase to 40.2 percent. Gazprom …

Today in Central Office of OAO Gazprom Board Chairman held a working meeting between Alexey Miller and Lukoil President Vagit Alekperov. The two sides discussed issues of cooperation between the two companies. In particular, they talked about the project of processing associated petroleum gas (APG) of the Northern Group of …

Rosneft summed up the results of its offshore operations last year. The company received licenses for 17 new offshore blocks, namely Zapadno-Matveyevsky, Zapadno-Prinovozemelsky, Russky, Severo-Pomorsky-1, Yuzhno-Prinovozemelsky, Anisinsko-Novosibirsky, Severo-Karsky, Ust-Lensky, Ust-Oleneksky, Severo-Vrangelevsky-1, Severo-Vrangelevsky-2, Yuzhno-Chukotsky, Albanovsky, Varneksky, Vostochno-Sibirsky, Vostochno-Pribrezhny, and Amur-Limansky ones. Another two offshore blocks were awarded to Rosneft upon discovery. …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following trading statement and operational update. Production Volumes and Sales. Production during the year ended 31 December 2013 was approximately 8.9 million cubic feet per day (mmcfd) …

Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce that the flow rate for Well #53 has been successfully established and remains stable at around 70 bbls per day. At the same time, drilling of Well #112 is underway and has reached the …