Eurasia Journal News

Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, today signed at the St. Petersburg International Economic Forum 2018 an Agreement stating the intention of the parties to jointly develop the Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous Area. The document outlines the general terms and procedure for setting up a joint venture …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Patrick Pouyanne, Chairman and Chief Executive Officer of Total S.A., took place today at the St. Petersburg International Economic Forum 2018. The meeting participants expressed their satisfaction with the ongoing bilateral cooperation in the oil and gas sector. Gazprom and Total contribute to the …

On May 24, 2018, Gazprom Neft and Mitsui signed a Memorandum of Understanding at St. Petersburg International Economic Forum. The parties agreed to assess the prospects for cooperation between the two companies to develop shallow offshore project on Sakhalin island*. The document was signed by Hirotatsu Fujiwara, Executive Managing Officer of Mitsui & Co. Ltd. and Andrey Patrushev, Deputy General Director …

Gazprom Neft and 1C Company are synchronising operations in developing IT solutions for the oil industry, with Gazprom Neft Deputy CEO for Administration Kirill Kravchenko and Boris Nuraliev, President, IC Company, signing a memorandum to that end at this year’s St Petersburg International Economic Forum. The objective of this cooperation is to bring cutting-edge digital products in corporate IT architecture to the Russian market. Gazprom Neft specialists …

Gazprom Neft has signed an agreement on technological cooperation with Spain’s Repsol in the course of St. Petersburg International Economic Forum. The document was signed by Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Luis Cabra, Upstream Executive Managing Director, Repsol. The agreement involves co-operation in research and development of new technologies in oil and gas exploration and …

France’s Total could jump onboard the Arctic LNG 2 project being planned by Russia’s largest independent natural gas producer Novatek.  The deal could be signed at an economic forum in Russia during the week, Reuters reports citing the Kremlin. The French company already partnered with Novatek on the Yamal LNG …

Russia’s Rosneft has quit Eurasia, an early-stage oil exploration project in Kazakhstan, while Shell has joined it, an executive of the Kazakh company involved in the project said on Monday. The Eurasia project focuses on exploring a geological area known as the Caspian Depression in western Kazakhstan by drilling ultra-deep …

Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2017. Financial Highlights ·    Revenues from production declined, in line with expectations, by 10% to RUB 1.79 billion (USD 30.68 million) (2016: RUB 1.99 billion (USD 29.69 million))  ·     EBITDA increased …

Azerbaijan’s state oil company SOCAR registered two companies established jointly with foreign partners for the development of two new fields in the Caspian Sea, Azerbaijan’s Taxes Ministry said in a message posted on its website. The Azerbaijani branches of SOCAR Absheron, established jointly with France’s Total to develop the Absheron …

Kazakhstan aims to settle its profit-sharing dispute with energy majors developing the Karachaganak gas condensate field within a month, the energy minister said on Thursday. The former Soviet republic expects a large one-off payment from the companies and a higher share of future revenues from the development of one of …