Gazprom Neft: Deliveries Begin to Oil Reservoirs at the Badra Oil Field in Iraq
Gazprom Neft, the operator of the Badra oil field in Iraq, announces that deliveries of crude oil have started from the field to reservoirs of the Central Gathering Point (CGP). Two wells are currently producing oil at the deposit. Over the coming month, once the reservoirs have been filled, oil …
Rosneft: 2Q14 Results: Berkut Platform Commissioned, Daily Hydrocarbon Production Increased by 4.6% EBITDA Increased by 41%, Net Income Increased by 5 Times, Net Debt Reduced by 365 Billion Roubles
In 1H14, the Company continued to demonstrate strong financial results due to stable hydrocarbon production levels, successful development of new projects, capital discipline and control of operational expenses. Hydrocarbon production amounted to 5 million barrels of oil equivalent per day which is 4.6% higher than in 1H13. Daily crude oil …
Igor Sechin With Working Visit to Murmansk Region
On July 26 the head of Rosneft Igor Sechin paid a working visit to Murmansk region, during which he observed the objects of support coastal base of Rosneft offshore projects in Western Arctic. At the moment the Rosneft Company is implementing large-scale oil and gas projects in Arctic, which have …
Rosneft Starts Up Field Work in the Kara Sea
On July 24 this year, research vessel Geolog Dmitry Nalivkin sailed from Kirkenes (Norway) to the Kara Sea. In the next three months 2D seismic survey, will be carried out in the three Vostochno-Prinovozemelsky licenses. The field work will be conducted in the surface area that totals almost 7 thousand …
KazMunaiGas Exploration Production Comments on Share Price Movement
KazMunaiGas Exploration Production notes the recent movement in the price of the Company’s listed securities and confirms that Independent Directors of KMG EP received a highly preliminary approach from National Company KazMunaiGas NC (“NC KMG”), its majority shareholder, about a possible offer for the ordinary shares in KMG EP it …
Weatherford’s Mikhail Gelfgat Talks to SPE Russian Oil and Gas
Tell us about two of the key industry areas that will be addressed at SPE Russian Oil & Gas? 1) Hard-to-recover or unconventional resources is one of the most important topics discussed at all world forums in the recent years; the reason is the occurrence of new drilling and completion …
Regular Meeting of the TATNEFT’s Board of Directors Was Held
A regular meeting of the JSC TATNEFT’s Board of Directors chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on July 25, 2014.The Board of Directors reviewed the JSC TATNEFT’s budget implementation results of the first half of 2014 and approved the …
Exillon Energy: Produces on Average 17,532 bbl/day in June
Exillon Energy plc , a London listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of June 2014. · Our average daily production[1] was 17,532 bbl/day during the period. · Average …
Gazprom Considering Extension of Gas Supplies From Kazakhstan
Astana hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan. The parties discussed further cooperation in the gas sector and, in particular, the extension of the long-term agreement till 2038 – on purchase and sale of gas produced from the Karachaganakskoye gas and …
Turkey Approves EIA Report for South Stream’s Offshore Section
The Ministry of Environment and Urban Planning of Turkey approved the Environmental Impact Assessment (EIA) Report and issued a positive opinion of the EIA results for South Stream’s offshore section in Turkey. The Report contains the assessment of potential environmental impacts caused by the gas pipeline construction, including the impact on the seabed geology, water quality and marine ecology. The …