Eurasia Journal News

Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress its Deep Well A5 at its flagship BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in …

PAO NOVATEK announced today the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure. The license contains estimated hydrocarbon …

TATNEFT, Gazprom Neft and Zarubezhneft have signed a cooperation memorandum on in the field of developштп competencies required for the implementation of exceptionally challenging projects for the development of carbonate reservoirs. Rais Khisamov, Deputy General Director – Chief Geologist of TATNEFT, Alexander Dyukov, Chairman of the Board of Gazprom Neft, …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Maarten Wetselaar, Member of the Executive Committee of Royal Dutch Shell, took place in St. Petersburg today. The meeting addressed relevant aspects of strategic cooperation. Particular attention was paid to joint efforts in the liquefied natural gas (LNG) sector. The parties discussed the construction project for the third …

Rosneft started delivery of the first commercial crude oil from new Erginsky cluster to Transneft pipeline system. The Erginsky startup complex commissioning ceremony was attended by the the Prime Minister of the Russian Government Dmitry Medvedev and Rosneft Chief Executive Officer Igor Sechin. Erginsky cluster comprises Erginskoe, Zapadno Erginskoe, Kondinskoe, Chaprovskoe …

Caspian Sunrise (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress of its Deep Well A5 at its flagship BNG Contract Area and at its shallow MJF structure. Background Caspian Sunrise has a 99% …

Gazprom Neft today publishes consolidated financial accounts (IFRS) for Q3 2017 and the nine months ended 30 September 2017. Net profit of RUB189 billion for the first nine months of 2017 — an increase of 28.2 percent year-on-year, driven by effective management initiatives and organic growth. Adjusted EBITDA* up 22.9 percent year-on-year for the first nine months of 2017, …

Gazprom Neft subsidiary Gazpromneft-Khantos has launched an Upstream Control Centre as part of its “Digital Field” programme. The Centre takes solutions previously developed within the company, directed at improving the efficiency of individual upstream production processes, and brings these together in a single, integrated environment, with the creation of the Gazpromneft-Khantos Upstream Management Centre making possible the integrated and holistic …

Rosneft’s hydrocarbon production reached 70.5 mmtoe in Q3 2017 (5.67 mmboed) and 210.8 mmtoe in 9M 2017 (5.72 mmboed). Growth was at 0.7% QoQ and at 9.3% YoY. 9M 2017 AVERAGE DAILY HYDROCARBON PRODUCTION ROSE BY 9.7% TO 5.72 MMBOEPD 9M 2017 LIQUIDS PRODUCTION INCREASED BY 11.0% YoY 9M 2017 …

Commenting the results for 3Q 2017 and 9M 2017, Rosneft Chairman of the Management Board and Chief Executive Officer Igor Sechin said: “In 3Q 2017 the Company continued executing the key upstream projects, developing the trading and commercial “hubs” that ensured the revenue and EBITDA growth in the quarter, achieving …