Eurasia Journal News

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its average production volumes for April 2020. Production Report The average production in April 2020 was 2,316 barrels of oil equivalent per day (43% lower than March 2020). The reduced gas plant throughput was …

Wintershall Dea is celebrating its first anniversary. Wintershall Holding GmbH, based in Kassel, and DEA Deutsche Erdoel AG, based in Hamburg, merged on 1 May 2019 with the goal of becoming Europe’s leading independent natural gas and oil company. The merger brought together two long-standing E&P players that complement each …

The Directors are pleased to update the market with news of progress at its flagship BNG asset together with details of measures taken to underpin the Company’s finances. New Well 153 On 27 April 2020, we announced that New Well 153, the second of the infill wells drilled at the MJF …

Sakhalin Energy’s Molikpaq platform has produced 300 mln barrels of oil since the start of production in 1999. It was the first platform installed on the Russian shelf under the Sakhalin-2 project, and even after 20 years of operation it still contributes substantially to the company’s hydrocarbon production output. According to Marat Rezyapov, Sakhalin …

Sakhalin is the Russia’s largest island with sever climatic conditions. The air temperature goes down to minus 40 degrees Celsius in winter in the north of the island, and the sea is covered with ice for virtually six months. Wave height at Piltun-Astokhskoye and Lunskoye fields, where Sakhalin Energy produces …

Joint-stock (JSC) National Company (NC) KazMunayGas (“KMG” or “Company”), Kazakhstan’s national vertically integrated oil and gas company, announces its operating results for the first quarter of 2020. Highlights for the first quarter of 2020: Oil and gas condensate production was stable year-on-year and amounted to 5,929 thous. tonnes; Oil and …

The Board of Directors of KazMunayGas (KMG) approved the new organizational chart during the meeting held on 29 April 2020. The resolution was approved as part of the action plan to balance the company’s financial standing and mitigate the adverse effect of market factors. The new KMG Central Office organizational …

The Gazprom Neft Board of Directors has reviewed the performance of the company’s investment programme, budget and borrowing programme in 2019. Gazprom Neft’s financial and operating results showed a positive trend in 2019. Hydrocarbon production volumes were up 3.5% y-o-y to 96.1 million tonnes of oil equivalent (mtoe). Refining volumes totalled 41.5 tonnes, with premium petroleum-product sales reaching 26.5 tonnes. …

Gazpromneft-Noyabrskneftegaz, in the framework of exploration work at the Vorgen license area * in the Yamal-Nenets Autonomous District, identified two new promising clusters whose initial geological resources are estimated at 80 million tons of oil equivalent. Until 2025, the company’s specialists will conduct 3D seismic exploration and prospecting and appraisal …

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights  (in millions of Russian roubles except as stated)   1Q 2020  1Q 2019  Oil and gas sales …