Sakhalin-1: Drills Worlds Longest Horizontal Well
Rosneft Oil Company, as part of the Sakhalin-1 Consortium, has successfully completed drilling from the Orlan platform at the Chayvo well in the Sea of Okhotsk, the longest well in the world. The length of the well with a horizontal end is 15000 m, which for today is a world …
Gazprom Group’s Comprehensive Target Program for Integrated Information Environment approved
The Gazprom Management Committee approved the 2018–2022 Comprehensive Target Program for the Development of the Integrated Information Environment of the Gazprom Group. The Company’s relevant subdivisions are tasked with implementing the Program. The Integrated Information Environment (IIE) was established and is successfully maintained as part of Gazprom’s Informatization Strategy. Specifically, 35 information management systems were introduced at Gazprom and a number of its …
Condor Petroleum: Q3 Results – Zharkamys Court Case With the Supreme Court
Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three and nine months ended September 30, 2017, together with the related management’s discussion …
Tethys Petroleum: Q3 Results – Sales Down But Revenue Up 45%
Tethys Petroleum Limited today announced its results for the quarter ended September 30, 2017. Q3 Financial Highlights (all figures reported in USD unless stated otherwise. 2016 amounts are for the quarter ended September 30, 2016) Oil and gas sales and other revenues decreased by 17% to USD2.6 million from USD3.1 …
Urals Energy: Benefits from High Oil Price on Next Tanker Shipment, Net Debt Massively Down
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update. Tanker shipment update The price per barrel for the tanker shipment announced on 31 October 2017 has now been confirmed as US$62.15 per barrel. This pricing is …
NOVATEK: Jurassic Development Prospects Confirmed at the West-Yurkharovskoye Field
PAO NOVATEK announced that its wholly owned subsidiary OOO NOVATEK-Yurkharovneftegas has successfully completed testing the Jurassic reservoir at well #135R on the West-Yurkharovskiy license area. The Company successfully completed a horizontal well using multi-stage hydro-fracturing at a total vertical depth of 4,100 meters with abnormally high reservoir pressure of 820 …
Kazakhstan Extends Subsoil Use on Caspian Sea for Russia
By Nigar Guliyeva – Trend: President of Kazakhstan Nursultan Nazarbayev and President of Russia Vladimir Putin signed the Additional Protocol to the Protocol to the Agreement between the Republic of Kazakhstan and the Russian Federation on the delineation of the bottom of the northern part of the Caspian Sea in …
GE: To Divest Baker Hughes?
GE‘s new CEO’s plans stick to health care, power and aviation, stop short of breakup. General Electric Co.’s new leader plans to unveil a road map Monday for the conglomerate that will focus on three of its biggest business lines, but stops short of a breakup or more radical restructuring …
KazMunaiGas Exploration Production Financial Results for the First Nine Months of 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the first nine months ended 30 September 2017. Revenue for the first nine months of 2017 was up 29% year-on-year at 666bn Tenge (US$2,059m[1]). This was largely a result of a 24% increase in …
Petrosibir: Drilling and Workover Update Komi
We are pleased to announce the current drilling and fraccing results in Komi. Drilling We successfully completed well Sosnovskaya #35 which was spudded in September this year. The well tested 19 bopd which is similar to the initial flow rates from other wells in this field. Well #40 – the …