Eurasia Journal News

PAO NOVATEK reported today preliminary operating data for the nine months 2018. NOVATEK’s hydrocarbons production totaled 402.2million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production …

Gazprom Neft has developed digital products for estimating capital and operational costs (CAPEX and OPEX) in conceptual engineering and field management. Thanks to unique digital programmes the exactitude of cost estimates has increased two-fold in comparison with industry standards, allowing more considered financial decisions to be taken on both current and future assets. These CAPEX and OPEX …

Urals Energy, the independent exploration and production company with operations in Russia, provides the following updates in respect of the Company’s investment in the Kholmsk commercial seaport (the “Kholmsk Port”) and other matters. On 6 August 2018 the Company announced that, among other things, its Petrosakh subsidiary had acquired a …

On August 08, 2018, INK-SERVICE, LLC together with Phoenix Technology Services Russia, LLC reached the final depth of 4676.4 m on well No. 833, Pad 216 at the Yarakta field. A 1720 m-long horizontal section was drilled without using RSS technology. Yuri Sergeev, Deputy Director-General for Drilling, Irkutsk Oil Company, OJSC: “During the drilling of …

Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Alexander Artyukhov, Director General of United Engine Corporation (UEC), today signed at the 8th St. Petersburg International Gas Forum a Cooperation Program to provide Gazprom with reliable domestic gas turbine equipment until 2030. The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Joe M. Kang, President of the International Gas Union (IGU), took place today at the 8th St. Petersburg International Gas Forum. The parties discussed the world gas industry’s development trends, including the long-term role of natural gas in the global energy mix. According to IGU, global gas consumption …

Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed in St. Petersburg a Basic Agreement on Asset Sale. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Sebastian Kurz, Federal Chancellor of Austria, at the State Hermitage Museum. In accordance with the document, …

Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed at the 8th St. Petersburg International Gas Forum a Memorandum on Strategic Cooperation. The document envisages the creation of a Joint Coordinating Committee on collaboration in the natural gas sector, both upstream and downstream, science and technology as well as staff training. …

Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, today signed at the 8th St. Petersburg International Gas Forum the Framework Agreement on the joint design concept (pre-FEED) for the Baltic LNG project. The signing ceremony took place in the presence of Alexey Miller, Chairman …

Energy majors developing the Karachaganak gas condensate field will pay $1.1 billion (£844 million) to Kazakhstan to settle a profit-sharing dispute, Kazakhstan’s Energy Ministry said on Monday. Kazakhstan and the consortium led by Shell <RDSa.AS> and Eni <ENI.MI> will also amend the terms of their production-sharing agreement so that the …