Eurasia Journal News

Michael Collins has been appointed a new Chief Executive Officer of Salym Petroleum Development N.V. (SPD), a joint venture of Shell and Gazprom Neft. At this position Michael has succeeded Alexey Govzich who had led SPD in 2015-2018 and moved to Gazprom Neft as Executive Technology Director. Michael Collins, SPD …

Within the framework of the St. Petersburg International Economic Forum, Gazprom Neft and IBM agreed on expanding cooperation in new technological projects in on-shore oil production. One of the possible directions is the consideration of joint work on the methodology for the introduction of a Digital Laboratory by Gazprom Neft. …

President of LUKOIL Vagit Alekperov and Chairman of the Management Board of the National Company KazMunayGas Sauat Mynbayev signed a Principles Agreement on Zhenis license area, in Astana today. According to the agreement, the parties will establish a consortium upon completion of relevant procedures, required for the agreement to enter …

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the three months ended March 31, 2018. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the three months …

During the St. Petersburg International Economic Forum, Rosneft, Vnesheconombank and VEB Leasing signed a Strategic Cooperation Agreement on project financing and provision of  property leasing, leaseback and rent services for carrying out Rosneft and its subsidiaries operations. The Agreement provides for long-term leasing of production equipment  to Rosneft Group: drilling …

During the St. Petersburg International Economic Forum, Rosneft and Bashneftegeofizika concluded an agreement on cooperation in the development of technologies and high-tech LWD equipment for horizontal wells drilling, as well as equipment for pay zones well testing in the exploration drilling of oil and gas wells. The volume and complexity …

As part of XXII St. Petersburg International Economic Forum, Rosneft and Bashvzryvtechnologii signed an agreement on cooperation in the area of oilfield services. The document defines the main principles of mutually beneficial long-term cooperation through the implementation of joint oilfield service activities and the provision of services in such areas …

As part of the XXII St. Petersburg International Economic Forum, Rosneft and Moscow machine building experimental plant composite technologies (MMEZ-KT) concluded an agreement on cooperation to implement and use composite materials in the operational cycle of oil and gas production. The agreement with MMEZ-KT provides for the production and testing …

The Gazprom Neft Science and Technology Centre (NTC) and Yandex Terra (Seismotech Ltd) have announced the completion of a two-year programme testing a range of domestically produced software to support seismic data processing and interpretation. Roll-out operations, using Yandex Terra’s “Prime” software, have demonstrated the viability of using only Russian software in the processing and the subsequent interpretation of seismic data. The …

Lukoil, Russia’s second biggest oil producer, said on Tuesday it had decided not to go ahead with plans to develop projects in Iran at the moment due to the threat of U.S. sanctions, a company official said. The United States plans to impose new sanctions on Iran after pulling out …