Urals Energy: New Drilling Contractor Sought for RK Oil
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Petrosakh Following the announcement on 20 July 2017, testing of well 130 (which will be known as well 102 in future updates) has been completed. The …
KPO Reports 2017 Half Year Performance Results
Karachaganak Petroleum Operating B.V. (KPO) has announced 2017 half year performance results. Over this period, KPO has produced around 74 million barrels of oil equivalent in the form of stable and unstable liquids, sour gas, and sweet gas. In addition, 4.63 billion cubic metres of gas were re-injected to maintain …
Caspian Sunrise: BNG to Move to Production Contract, MJF Structure Production Covering Operating Costs
Caspian Sunrise PLC, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news from its BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers …
Igor Sechin: USA Sanctions To Backfire on US Energy Majors
New U.S. sanctions imposed on Russia will have negative consequences for the United States and backfire on U.S. energy majors, Igor Sechin, chief executive officer of Russia’s largest oil producer Rosneft, said on Thursday. U.S. President Donald Trump grudgingly signed into law new sanctions against Russia on Wednesday, a move …
Tethys Petroleum: Q2 2017 Results – Revenues Down 19% but Net Revenues Up 2%
Tethys Petroleum Limited today announced its unaudited results for the quarter ended June 30, 2017. Q2 Financial Highlights (all figures reported in USD unless stated otherwise. 2016 amounts are for the quarter ended June 30, 2016) – Oil and gas sales and other revenues decreased by 19% to USD2.9 million …
ConocoPhillips Reports Second-Quarter 2017 Results and Significant Progress on Strategic, Financial and Operational Priorities
ConocoPhillips (NYSE: COP) today reported a second-quarter 2017 loss of $3.4 billion, or ($2.78) per share, compared with a second-quarter 2016 loss of $1.1 billion, or ($0.86) per share. Excluding special items, second-quarter 2017 adjusted earnings were $0.2 billion, or $0.14 per share, compared with a second-quarter 2016 adjusted loss …
JSC KazMunaiGas: Operating Results for the First Six Months of 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the first six months of 2017. Production Overall, KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 5,885 thousand tonnes of crude oil (240 kbopd) in the first six months of …
NOVATEK Announces Consolidated IFRS Results For Second Quarter and First Half 2017
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and six months ended 30 June 2017 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles) 2Q 2017 2Q2016 1H 2017 1H 2016 128,030 126,463 Oil and gas …
Gazpromneft-Noyabrskneftegaz: Completes First Drilling and Testing of First Zapadno-Chatylkinskoye Production Well
Gazpromneft-Noyabrskneftegaz, a subsidiary of Gazprom Neft, has completed the drilling and testing of its first production well at the Zapadno-Chatylkinskoye field. The total length of the constructed well is 4.14 kilometres, including a horizontal section of 730 metres. The Zapadno-Chatylkinskoye field forms part of a remote group of deposits, bringing …
Exxon Sues U.S. Over Fine Levied for Russia Deal Under Tillerson
Exxon Mobil Corp sued the U.S. government on Thursday, blasting as “unlawful” and “capricious” a $2 million fine levied against it for a three-year-old oil joint venture with Russia’s Rosneft. The U.S. Treasury Department on Thursday morning slapped the world’s largest publicly traded oil producer with the fine for “reckless …