Gazprom Neft: GSP Saturn Delivered to The Dolginskoye Field
The GSP Saturn drilling platform has been delivered for test drilling at the Dolginskoye field. The jackup rig was contracted by Gazprom Neft’s subsidiary, Gazpromneft Sakhalin, which operates the Dolginskoye field on the continental shelf in the Pechora Sea. An exploration well will be drilled from the platform during the …
Gazprom To Supply Ukraine Only With Prepaid Gas Volumes From Today
Today at 10:00 (Moscow time), in full compliance with the effective contract, Gazprom switched Naftogaz of Ukraine to a prepayment of gas supplies. The decision was made owning to persistent non-payments by Naftogaz of Ukraine. The overdue debt of the company for the supplied Russian gas equals USD 4.458 billion: USD 1.451 billion – for November and December 2013 and USD 3.007 billion for April and …
Tatneft: Q1 Profit Up $140m YoY
OAO Tatneft has published on its web-site (http://www.tatneft.ru/?lang=en) the unaudited consolidated interim condensed financial statements for the three months ended 31 March 2014 prepared in accordance with International Financial Reporting Standards and related Management Discussion and Analysis of Results of Operations (the “MD&A”). Selected financial highlights below are based on …
Shelton Petroleum: Rustamovskoye Production Up 260% YOY
Shelton Petroleum’s total oil production in May 2014 amounted to 28,180 barrels, equivalent to 909 barrels per day. The table below summarizes the production broken down by oil field. May 2014 May 2013 Jan-May 2014 Jan-May 2013 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 11,060 10,740 55,100 50,325 …
ENI and KMG Sign Isatay Agreement
The agreement will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman …
Volga Gas: Q1 Production Up 53% on 2013
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 for the first quarter of 2014. Production volumes and sales for Q1 Production between 1 January and 31 March 2014 was approximately …
International Petroleum: Alexander Osipov Appointed CEO, William McAvock Resigns as CFO
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”) announces that the Board has appointed Mr Alexander Osipov as Chief Executive Officer of the Company, effective 9 June 2014. Mr William McAvock has resigned as Chief Financial Officer and Executive Director of the Company, effective 12 June 2014.
Zoltav Resources: Issue of Equity
Zoltav, the CIS-focused oil and gas company announces that, following the receipt of a notice to exercise warrants over 100,000 ordinary shares of $US0.2 in the Company (“Ordinary Shares”) it has authorised the issue of 100,000 new Ordinary Shares (the “Warrant Exercise”). The new Ordinary Shares will rank pari passu …
CGG Conducts Multi-Client Oil and Gas Seep Survey in SE Barents Sea
CGG has announced that Robertson Geolab, specialists in surface geochemistry in its GeoConsulting business line, is currently performing a multi-client surface geochemistry (shallow core) survey to detect seafloor seepages of hydrocarbons in the South East Barents Sea. The project has received high prefunding from major oil industry players. The main …
Max Petroleum: 3P Reserves Up 7%, Production up 17%
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces Group reserves as at 31 March 2014 as estimated by its Competent Person, Ryder Scott Company LLC (“RSC”). The reserves reflect drilling results and other technical information as at that date, including the results from 35 wells drilled …