The Government of Kazakhstan reduces mineral extraction tax rate for Karazhanbasmunai
JSC КаzМunaiGas Exploration Production (“КМG EP” or the “Company”) is pleased to announce that the Kazakh Government has included the Karazhanbas oil and gas field (in the Tupkaragan District, Mangystau Province) in the list of marginal, hydrocarbon, high-viscosity, water-flooded and depleted fields. It has been included in this category retrospectively, …
Intelsat and SpeedCast Join Forces to Provide Enhanced Global Connectivity
New Agreement Brings Market Leading Broadband and Mobility Solutions to the Maritime, Oil & Gas and Enterprise Sectors Intelsat S.A., the world’s leading provider of satellite services, announced today that it has established strategic agreement to provide access to its global C- and Ku-band broadband mobility network to SpeedCast, the …
C.A.T. oil Agreement with Gazprom Neft Ensures Full Utilization of New Capacities Until End of 2016
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, signed a framework agreement with Gazprom Neft on drilling and hydraulic fracturing services on 17 June 2014. The agreement guarantees full utilization of four new drilling rigs and one new fracturing fleet …
Exillon Energy: Updates Board Committees
Exillon Energy, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, announces the composition of its Board committees. Audit Committee: Roman Kudryashov (Chair), Natalya Shternberg, Alexander Markovtsev Corporate Social Responsibility Committee: Natalya Shternberg (Chair), Alexander Suchkov, Sergey Koshelenko Remuneration Committee: Alexander …
Exillon Energy: 17,847 bbl/day Production in May
Exillon Energy plc , a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of May 2014 (“the Period”). · Our average daily production[1] was 17,847 bbl/day during the period. · Average daily production for Exillon …
OAO Slavneft-Yaroslavnefteprodukt: Holds AGM
The Annual General Meeting of Open Joint-Stock Company Slavneft-Yaroslavnefteprodukt’s Shareholders was held on June 19, 2014. The Subsidiary’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders resolved not to pay dividends on the ordinary and preferred shares and to …
Navigation Сampaign Launched at Vankor
Rosneft subsidiary Vankorneft has launched the navigation campaign on delivery of nearly 400 thousand tons of cargoes via the Bolshaya Kheta River (left tributary of the Yenisei). This year, in addition to traditional cargo transportation at the Vankorskiy production site and the Priluki terminal, the delivery at the Suzunskoye field is …
Tethys Petroleum: 15 Year Extension to the Kyzyloi Gas Contract
Tethys Petroleum Limited, following on from the recently announced Kazakh State Reserves Committee approval, today confirmed that it has received approval from the Ministry of Oil & Gas of the Republic of Kazakhstan for the extension its Kyzyloi Production Contract for a further 15 years to June 2029. The Contract …
Sercel Receives Another Order For A 508XT Acquisition System
CGG announced today that, in addition to the first two 508XT systems being delivered to the industry this month, Sercel has also sold a system to PanAmerican Geophysical* for delivery in July. The Sercel508XT is the latest addition to a long line of innovative Sercel systems. Its ground-breaking X-TechTM architecture allows …
CGG and Sovcomflot Announce Arctic 3D Seismic Joint Venture – Arctic Geophysical Exploration
CGG, world leader in Geoscience, and Sovcomflot, Russia’s largest energy shipping company,announced today that they have signed an agreement to form a joint venture company dedicated to conducting high-end 3D marine seismic acquisition services with a focus on Arctic and sub-Arctic waters. The joint venture,to be called Arctic Geophysical Exploration (AGE),will …