RussNeft: Uses Plug & Perf at the Tagrinskoye Field
The Plug & Perf technology has a significant advantage compared to the introduced analogues which opens new opportunities for hard-to-recover resources development. The main advantages of the Plug & Perf technology are: possibility to perform multi-phased hydro fracking at any intervals; number of phases may be any and multiple; possibility …
Zoltav: Shareholders Loan $12m to further Develop the Bortovoy Licence
Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, provides an update on financing for the ongoing exploration programme to assess the resource potential of the Carbonian and Devonian structures in the Western Fields of the Bortovoy Licence, Saratov. As previously stated, Zoltav believes there is potential to …
Rosneft Opened an Office in Qatar
Rosneft has opened an office of the International center for research and development in Qatar, which will become a full-scale representative office of the Company, performing along with scientific and technical activities also functions to promote various business areas of the Company in the region. The agreement to open the …
Tatneft: 2017 Results
PJSC Tatneft (the “Company”) published on its web-site (http://www.tatneft.ru/?lang=en) the audited consolidated financial statements (the “Financial Statements”) for the year ended 31 December 2017 prepared in accordance with International Financial Reporting Standards (“IFRS”) and the related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations (the “MD&A”). Selected financial …
RDCR 2018: Agenda and Provisional Delegate List
With just over 2 weeks to go until the 6th RDCR – the organisers are pleased to release the delegate list, as well as the updated agenda. We are proud to say that this is our strongest line up to date, as well as our strongest delegate list. Limited spaces …
OPEC and Russia Consider 10 to 20 Year Oil Alliance – Saudi Crown Prince
Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a deal to greatly extend a short-term alliance on oil curbs …
Kazakh KMG: Deal to Sell Stake in Romanian Unit to CEFC Postponed Until End-June
A deal to sell a 51 percent state in Kazakh state energy company KazMunaiGas’ Romanian unit to China’s CEFC has been postponed until the end of June, KazMunaiGas told Reuters. “The deal to sell a controlling stake in Kazmunaygaz International (KMGI) to CEFC is not definitively closed due to remaining …
Tengizchevroil to Double LPG Export Through Taman Port in 2018 – Traders
Tengizchevroil (TCO), Kazakhstan’s liquefied petroleum gas (LPG) producer and exporter, plans to raise propane and butane export through Russian port Taman in 2018 to 450,000 tonnes from 240,000 tonnes in 2017, traders said. TCO’s shipments of LPG through Taman port will grow in March to about 40,000 tonnes from 27,000 tonnes …
VectorEXAKT RSS Delivers Precise Vertical Wellbore in Kazakhstan
Our VectorEXAKT™ rotary steerable system (RSS) is specifically designed for high performance in vertical drilling operations by delivering higher ROP and precise directional control in vertical boreholes. This integrated drilling and measurement tool incorporates an inclination survey package within 5 ft. of the bit along with a pulser to deliver …
NOVATEK Shipped First LNG Cargo to India
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that NOVATEK Gas and Power Asia Pte. Ltd., a wholly owned subsidiary, has shipped to the Indian market its first cargo with LNG produced by the Yamal LNG project. NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev noted: “One of …