Kazakhstan’s Kashagan Oil Field Increases Production
By Ali Mustafayev – Trend: Daily oil production at the Kashagan offshore field in Kazakhstan’s Atyrau region has increased, said Antonia Vella, chief operational director of ENI at the meeting with the head of Atyrau region Nurlan Nogayev, Kazakh media outlets reported. “We have recently conducted a meeting with the …
Gazprom Neft Orenburg: Use First Acid Proppant Fracturing Technique
Multi-stage acid-proppant fracturing* has been used for the first time by Gazprom Neft, at well No. 1522 in the Eastern block of its Orenburgskoye oil and gas-condensate field. Well productivity under seven-stage fracking proved to be 57 percent higher than at similar wells subject to standard multi-stage acid fracturing. The Eastern block of the Orenburgskoye oil and gas-condensate field is one of the most complex …
RDCR 2018 Agenda Released!
TMG Worldwide are pleased to release the preliminary agenda for the upcoming RDCR 2018. Please click here to download. Have you booked your attendance? The 6th RDCR has expanded for 2018, and with only limited sponsorship opportunities still available – please contact us to ensure that you do not miss out! This year will …
Kashagan Oil Exports Reach Milestone
Operator of the field in the Caspian Sea said it’s trying to increase production slowly in an effort to build confidence. By the end of January, the operator of the Kashagan oil field in the Kazakh waters of the Caspian Sea said it exported more than 70 million barrels of …
Questionnaire: Blockchain in Oil & Gas Industry in the Russian Federation
A blockchain, originally block chain, is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record …
KMG EP Reserves Update as at 31 December 2017
JSC KаzМunaiGas Exploration Production announces the results of an independent audit of liquid hydrocarbon reserves at the Ozenmunaigas JSC, Embamunaigas JSC and the Ural Oil and Gas LLP (KMG EP’s share – 50%) fields as at 31 December 2017. The audit was performed by independent consultant DeGolyer and MacNaughton (“D&M”). …
Growth in Domestic Gas Debt Decreasing for Second Consecutive Year
The Gazprom Management Committee reviewed the information about the Company’s efforts aimed at strengthening financial discipline with regard to domestic gas supplies and the measures taken to address gas debt repayment. It was noted that in 2017, as in previous years, Gazprom had fulfilled all of its obligations for providing reliable gas supplies to domestic consumers, including socially vulnerable groups. However, the …
Operating Results of KMG EP for 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the year 2017. Production KMG EP, including its stakes in Kazgermunai (“KGM”), Karazhanbasmunai (“CCEL”) and PetroKazakhstan Inc. (“PKI”), produced 11,867 thousand tonnes of crude oil (240 kbopd) for 2017, a 2% decrease over 2016. Ozenmunaigas JSC (“OMG”) …
Top 10 Global Onshore Gas Projects to Add 13.4 Billion Cubic Feet Per Day by 2025, Says GlobalData
Over $103.4bn in capital expenditure will be spent over the lifetime of the top 10 onshore gas projects to produce 125 trillion cubic feet (tcf) of natural gas, according to GlobalData, a leading data and analytics company. These 10 projects, selected from 101 upcoming onshore projects globally, will contribute incremental capacity …
Condor’s Total Production Increases by More Than Four Times with Gas from Turkey
Condor Petroleum Inc., a Canadian based oil and gas company focused on production and exploration activities in Turkey and Kazakhstan, is pleased to announce that commercial production has commenced at the Company’s 100% owned and operated Poyraz Ridge natural gas field in Turkey. Condor’s total production is currently ranging from …