Kazakhstan has Gained $132 Billion Since Tengiz Development Start
Kazakhstan has received $132 billion over the years of development of the Tengiz oil and gas field located in Atyrau region, Kazinform correspondent cites the press service of TCO. “Since 1993 through September 2018, TCO’s direct financial payments to the Republic of Kazakhstan exceeded $132 billion. This includes salaries for …
NOVATEK Discovers Nyakhartinskoye Field
PAO NOVATEK announced that its wholly owned subsidiary OOO NOVATEK-Yurkharovneftegas, upon testing of the exploration well PO-1 achieved commercial flows of natural gas from the Lower Cretaceous sediments at the Nyakhartinskiy license area with a gas condensate mixture well flow rate of more than 300 thousand cubic meters per day. …
Gazprom Neft 9m 2018 Net Profit Up 58 Percent
RUB298.7 billion — Gazprom Neft’s net profit for 9M 2018, a 58-percent increase on 9M 2017; RUB614.5 billion adjusted EBITDA* for the first nine months of 2018 — up 53.9 percent on 9M 2017; Free cash flow (FCF) for 9M 2018, standing at RUB134.8 billion, a 62.4-percent increase year-on-year. Gazprom Neft announces its consolidated financial accounts (IFRS) for 9M/3Q 2018. Revenue in the first nine months of 2018 amounted to one trillion, 827.3 billion …
OPEC Daily Basket Price: Thursday, 15 November 2018, Stood at $65.28 a Barrel
Vienna, Austria, 16 November 2018: The price of OPEC basket of fifteen crudes stood at $65.28 a barrel on Thursday, compared with $64.51 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
GlobalData: Gazprom Leads Capex Across Oil and Gas Value Chain with US$168.3bn in FSU from 2018-2025
Gazprom is the top spender among all oil and gas companies in the Former Soviet Union (FSU), in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. …
LUKOIL Drilled the Second Well in the Eastern Part of the Yury Korchagin Field
PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 3,736 meters. The well’s initial flow rate is …
NOVATEK Shipped First LNG Cargo to CNOOC
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd., shipped a cargo of LNG produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC). The LNG cargo was delivered to Fujian LNG Terminal in China via the Northern Sea Route …
Upstream Oil and Gas M&A and Capital Raising Values Totalled $80.9bn in Q3 2018, says GlobalData
A total of 362 deals with a combined value of US$80.9bn were registered in the upstream oil and gas industry in Q3 2018, according to GlobalData, a leading data and analytics company. Of the total value, US$44.5bn was registered in mergers and acquisitions (M&A) in Q3 2018, representing a significant …
Caspian Sunrise PLC: 3A Best acquisition update
On 29 May 2018, Caspian Sunrise announced the conditional acquisition of 3A Best Group JSC (“3A Best”) (the “Acquisition”), an existing Contract Area of some 1,347 sq km located near the Caspian port city of Aktau, for a consideration of $24 million payable by the issue of 149,253,732 Caspian Sunrise shares issued …
Petrosibir: Production Report for October 2018
Petrosibir’s total oil production in October 2018 amounted to 37,502 barrels, equivalent to 1,210 barrels per day. The tables below summarises the average monthly / daily production in 2017 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2017 2018 Average Jan Feb Mar Apr May Jun Bashkiria 13 195 …