Russia Maintains Unconventional Production Targets Regardless of the Sanctions
Russia is not changing its plans for developing hard-to-extract oil despite Western sanctions, Energy Minister Alexander Novak said. “No substantial” changes are expected in Russian oil production, Novak said, citing preliminary studies on the impact of sanctions reported Upstream Online. Western sanctions over Moscow’s role in Ukraine’s crisis have limited …
Max Petroleum: AGR Energy Only Bidder For the Company – Board Recommends Sale
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces an update on the Company’s strategic review and on the proposed Subscription by AGR Energy, further to its announcements on 22 July 2014 and 4 August 2014. Review of strategic options and formal sale process The review of …
Ukrainian Rebels Granted Self Rule and Amnesty – Russia Looks to Build Up Troops in the Crimea
A shaky ceasefire has been in place in eastern Ukraine since 5 September. Ukraine’s parliament has granted self-rule to parts of eastern regions held by pro-Russian rebels, as well as an amnesty for the fighters themselves. The measures are in line with the 5 September ceasefire agreement signed by President …
OPEC-Russian Energy Dialog: Underscores the Importance of Stable and Predictable Markets
The third high-level meeting of the OPEC-Russia Energy Dialogue took place in Vienna today. The meeting was chaired by HE Abdalla Salem El-Badri, OPEC Secretary General, and HE Alexander Novak, Minister of Energy of the Russian Federation. The meeting was also attended by a senior delegation from the Russian Federation …
Rosneft: Launches RN Amur Tug Boat for Rosnefteflot
A new tow boat RN Amur, constructed against Rosneft order at the Khabarovsk shipbuilding facility (Far Eastern Shipbuilding and Ship repair center subsidiary), proceeded to carriers mooring at Nakhodkanefteprodukt oil terminal. RN Amur is a strengthened ice-class tow boat equipped with a modern propeller-rudder system, navigation support equipment, external fire …
Volga Gas: Strong 1H Results – Revenues Up 50%, EBITDA Up 97%, Company to Pay First Cash Dividend
Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce its results for the six months ended 30 June 2014. HIGHLIGHTS FINANCIAL RESULTS AND MAIDEN DIVIDEND · Revenues increased by 50% to US$23.2 million (H1 2013: US$15.4 million) · …
ROGTEC at KIOGE!
ROGTEC is once again proud to be media sponsor to the upcoming KIOGE event in Almaty, 30th Sep – 3rd Oct. KIOGE is one the leading events to take place each year in Kazakhstan, bringing together the leading international suppliers of equipment and services to the Kazakh markets under one …
SeverEnergia: Launches Third Stage of the Samburgskoye Field
OAO NOVATEK announced the launch of the third stage of the Samburgskoye gas condensate field developed by SeverEnergia, a joint venture between OAO NOVATEK and OAO GazpromNeft. The launch of the third stage, which exceeds two (2) bcm of natural gas per annum, will enable the field to achieve peak production capacity …
Rosneft: FGC UES to Build Two New Substations for Vankor
The commissioning of new power plants Arsenal and Mangazeya in Purov district of the Yamalo-Nenets Autonomous Territory has taken place, which will provide permanent power supply of Vankor gas field. The building of substations (SS) and high-voltage transmission lines (HT) is the largest investment projects of recent years, realized in …
Gazprom Neft: Millionth Barrel of Oil Produced at the Prirazlomnoye Field
The millionth barrel of the new oil, ARCO (Arctic Oil), has been produced at the Prirazlomnoye deposit. The second tanker to deliver the oil to North West Europe in the next few days is currently being loaded. The first tanker carrying oil from Prirazlomnoye set offfrom the deposit in April. A further two tankers will transport around one …