Eurasia Journal News

The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Pre-export short term loan finance arrangement On 7 September 2017, the Company entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) …

RN-Exploration and Production LLC, Rosneft subsidiary and Statoil Russia AS, Statoil ASA subsidiary, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz LLC, an enterprise that will serve as a basis for a future North-Komsomolskoye joint field development. The Document was signed in elaboration …

Petroneft are pleased to announce that we have spudded the fifth well (Sosnovskaya-35) in a six well program on the Sosnovskoye field, located in Komi. The previous well Sosnovskaya-36, is now being prepared for fraccing which is scheduled to commence within the next few days, along with two of the other …

Crude Oil Production Enterprises of the TATNEFT Croup of Companies produced 2,445.6 thousand tonnes of crude oil in August while the production for the eight months period amounted to 19,258.7 thousand, which was 511 thousand tonnes more than the figure for the similar period of 2016. The PJSC TATNEFT’s production …

During Eastern Economic Forum, Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) and Petrofac Facilities Management Limited (Petrofac) signed a contract for the front-end compression station construction on Sakhalin-2 project onshore processing facility (OPF) on Sakhalin Island.  The project comprises engineering, procurement, offshore fabrication, construction and site services. The scope of …

PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to provide an update on the S-375 delineation well at Sibkrayevskoye oil field.   Highlights S 375 delineation well and S-375s sidetrack well contain 4.8 …

Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas …

PJSC LUKOIL released its condensed interim consolidated financial statements as of and for the three and six months ended 30 June 2017 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 2Q 2017 1Q 2017  (bln RUB) 1H 2017 1H 2016 1,359.2 1,431.6   Sales 2,790.8 2,516.6 179.1 207.6   EBITDA 386.7 381.6 …

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 Moscow today. The parties addressed the prospects of bilateral cooperation in the gas sector, including, inter alia, Russian and Kazakh gas supplies and issues related to gas transit, processing and marketing. The proven reserves …

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 Moscow today. The parties addressed the prospects of bilateral cooperation in the gas sector, including, inter alia, Russian and Kazakh gas supplies and issues related to gas transit, processing and marketing. Source