4th KDR Well Engineering Forum – Date and Venue Announced!
TMG Worldwide are please to announce that the 4th KDR Well Engineering Forum is returning to the Palace of Independence in Astana on the 13th September 2018. Now in its 4th year, the KDR is held in partnership between TMG Worldwide and JSC NC KazMunayGas and is the largest gathering of well engineering …
BP: Robust Adoption of Electric Vehicles Would Not Stop Oil Consumption Growth
Even a robust adoption of electric vehicles (EVs) over the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said on 20 February as the company introduced its 2018 Energy Outlook. And to meet the goals of the …
KBR Joint Venture Wins FEED Contract for Absheron Gas Field in Azerbaijan
KBR and State Oil Company of Azerbaijan (SOCAR) joint venture, SOCAR-KBR Limited Liability Company (SKLLC), has received a contract from undisclosed customer to build the topsides for first development phase of the Absheron gas and condensate field offshore Azerbaijan. Located approximately 100km south of Baku, Azerbaijan, in the Caspian Sea, …
Gazprom to Ensure Long-Term Efficiency of Production Complex in Komi Republic
The Gazprom Management Committee took note of the information about the prospects of the Vuktylsky geological and economic area in the Komi Republic. Gazprom’s active fields in the region – Vuktylskoye, Zapadno-Soplesskoye, Pechorokozhvinskoye, and Yugidskoye – are at the final stage of development. The major Vuktylskoye field, producing gas since 1968, is depleted by about 85 per cent. Gas extracted in the Vuktylsky …
Total: Maersk Oil Acquisition Marks Change in Strategy
Total is on the acquisition trail again. Its US$7.5 billion purchase of the oil assets of shipping group A.P. Møller-Maersk, announced on August 21st, is a change both from its recent strategy and those of its supermajor peers. And it demonstrates once again that the industry’s merger and acquisition pipeline is getting unblocked. Maersk Oil …
Yamal LNG Ships First Million Tons of LNG
OAO Yamal LNG has shipped the first million tons of LNG produced at its first train. The first LNG train comprising 5.5 million tons per annum commenced LNG production in the fourth quarter 2017 with the loading of the inaugural tanker – the Christophe de Margerie – on 8 December …
ExxonMobil: Transfers 33% Holdings Back to Rosneft After Sanction Pullout
In connection with the notification ExxonMobil sent to the US Securities and Exchange Commission about withdrawing from some of the joint projects with Rosneft we would like to state the following: – ExxonMobil together with Rosneft is one the global oil and gas industry leaders. The two companies carry out …
Condor Receives a Favorable Ruling on the Zharkamys Exploration Contract Extension
Condor Petroleum Inc., a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan, is pleased to announce it has received a favorable Kazakhstan Civil Court (“Civil Court”) ruling related to the extension of the Zharkamys exploration contract (“Zharkamys Contract”). The Company’s Zharkamys Contract …
ExxonMobil: Exits JV’s with Rosneft Over Offshore Sanctions
ExxonMobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project. ExxonMobil’s decision to quit its biggest exploration region was made late last year as the U.S. expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects …
TCO Reaches Record-High Oil Production in 2017, Seeks to Expand in 2018
ASTANA – Last year was a milestone for Tengizchevroil (TCO), the Chevron-led joint venture operating the Tengiz oil and gas field in Atyrau region, as the company achieved a record-high 28.7 million tonnes in oil production. TCO General Director Ted Etchison reported the 2017 results and plans for 2018 during a …