Eurasia Journal News

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kanat Bozumbayev, Minister of Energy of the Republic of Kazakhstan, took place in St. Petersburg today. The parties discussed the ongoing and future cooperation in the gas sector. It was noted that Gazprom had provided reliable gas supplies to Kazakhstan in 2017, delivering a total of 4.7 billion cubic meters …

27 February 2018 – Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (Exillon TP) and West Siberia (Exillon WS), is pleased to announce unaudited production data for the month of January 2018 (the Period). ·     Our average daily production1 was 9,568 bbl/day during the period.  ·     Average …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg today. The parties addressed the ongoing and future bilateral cooperation in the energy sector. Particular attention at the meeting was paid to gas supplies. It was noted that in 2017 Austria had set a new …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Khawaja Muhammad Asif, Minister of Foreign Affairs of the Islamic Republic of Pakistan, took place in St. Petersburg today. The parties discussed the prospects for bilateral cooperation, including the potential for supplying LNG from the Gazprom Group’s portfolio to Pakistan, as well as collaborating in hydrocarbon exploration and production in the country. Particular attention …

Kazakhstan aims to increase crude and gas condensate production by nearly 25% to 2.155 million b/d by 2025, according to the country’s development strategy released Tuesday. Kashagan and Tengiz key to increase Revamp of refining facilities, changes to export tax Strategy based on $55/b for Brent The mid-term increase in …

Gazprom Neft has completed auditing of the company’s hydrocarbon reserves as at 2017. As at 31 December 2017 the company’s total proved and probable hydrocarbon reserves (proved + probable — 2P based on SPE-PRMS international standards,* including proportional shares in production at joint enterprises**) totalled 2.78 billion tonnes of oil equivalent (toe) — a year-on-year increase of 2.3 percent. Production volumes in 2017, at 89.75 mtoe, were compensated by reserves replacement in the …

A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the major achievements of the Company over the past 25 years and on the progress of the strategic projects. Russian President offered his congratulations to the staff of Gazprom. In the course …

Gazprom Neft subsidiary Gazpromneft-Razvitiye has completed construction of the first production well since obtaining its licence for the Tazovskoye field. The total length of the new high-tech well runs to 3.9 kilometres, 1.9 kilometres of this comprising the horizontal section. Initial production at the well is in excess of 100 tonnes per day. Data obtained as a result of drilling has allowed the geological model …

PAO NOVATEK won the open auction to acquire a 100% stake in Maretiom Investments Limited (owns 100% equity share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% participating interest in Urengoy Gas Company) from ALROSA. The acquisition price following the auction amounted to RR 30.3 billion. Geotransgaz holds …

Kashagan, Tengiz and Karachaganak account for 75% of all oil and gas service contracts in Kazakhstan By Kulpash Konyrova Industry leaders like US giants Chevron and ExxonMobil, Russia’s LUKoil and China’s CNPC carry out massive oil production operations in Kazakhstan, investing billions of dollars and employing up to 17,000 people …