Eurasia Journal News

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and LNG sectors around the world, as well as the opportunities and threats facing the Company. It was noted that, according to most projections, global shale gas production was likely to be concentrated primarily in North America in the mid- and long term. In 2016, the increase in shale gas …

The Gazprom Board of Directors took note of the information about the Company’s preliminary operating results for 2017 and the projected investment program and budget (financial plan) for 2019–2020. The Board of Directors also approved the Company’s investment program and budget (financial plan) for 2018. The key figures of the investment program did not change compared to the version …

A total of 30 oil and gas discoveries were made in the third quarter of 2017. Of these, 18 are conventional oil, one is heavy oil, one is unconventional gas, and the remaining 10 are conventional gas, according to GlobalData, a leading data and analytics company. Among countries, Russia leads …

Dynamic Technologies (“DTCC”) and Mitcham Industries, Inc. (NASDAQ: MIND) today announced an Equipment Lease Agreement whereby Mitcham will offer DTCC’s SmartSolo land seismic recording system for rental to customers worldwide. 20,000 channels will be available in early 2018. Financial terms of the arrangement were not disclosed. Rob Capps’, Mitcham’s Co-Chief …

PAO NOVATEK announced today that its joint venture “Arcticgas” won the bid for a geological survey, exploration and production license for the Osenniy subsoil area located in the Yamal-Nenets Autonomous Region (YNAO). The license area contains estimated hydrocarbon resources of 4,411 million barrels of oil equivalent according to the Russian …

Rosneft Board of Directors approved the “Rosneft-2022” Strategy aimed to qualitatively change the Company’s business by introducing the advanced management approaches and new technologies, increasing the returns of existing assets of the Company. “Rosneft-2022” meets the modern challenges of the energy industry in full. The strategy provides for increasing the …

Rosneft Board of Directors approved the plan of Company’s financial and economic activities for 2018-2019 on an in-person meeting in Sochi. Based on the actual production and financial data for the 9 months of 2017 and the management forecast for the fourth quarter, Rosneft management expects to implement the approved …

Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field. However, the water-cut of its production amounts up to 96 percent, which has a great impact on economic efficiency …

Astana, 15 December 2017. JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company“) announces that following its announcement of 8 December 2017 regarding the Company’s launch of a tender offer (the “Tender Offer“) to purchase its GDRs and to delist from the London Stock Exchange (“LSE”) and Kazakhstan Stock Exchange …

Karachaganak Petroleum Operating B.V. (KPO) announced that on the eve of the RoK Independence Day several employees of the company have been awarded by different honours. As per decree of the RoK President Nursultan Nazarbayev, Renato Maroli, KPO General Director, was awarded by Kurmet Award of Honour for his merits …