Eurasia Journal News

Russia has extended an invitation to Saudi Arabia’s oil giant Saudi Aramco to participate in the Arctic LNG-2 project, Russia’s Energy Minister Alexander Novak told Reuters in an interview on Thursday. Cooperation between the two countries that are leading respectively the OPEC and non-OPEC nations into the collective crude oil production cut …

ROGTEC Magazine, Russia and the Caspian’s leading upstream focussed technology publication, will celebrate 50 issues when it hits the printing presses in September. First printed in 2004, this industry leading publication has been a constant and reassuring presence in a market that has seen significant changes and challenges over the …

Crude Oil Production Enterprises of the TATNEFT Croup of Companies produced 2,362,200 tonnes of crude oil in June with the PJSC TATNEFT’s production amounting to 2,333,730 tonnes, which was 50,020 tonnes more than the figure for the similar period of the previous year (102.19%). For the period of six months …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place in Moscow on 5th July. The parties discussed the ongoing cooperation between the companies, paying particular attention to the Nord Stream 2 project. It was noted that the project was implemented for the benefit of European …

 Rosneft and CEFC China Energy Company Limited signed a strategic cooperation agreement during the official visit of the President of the People’s Republic of China to Moscow. The Strategic Cooperation Agreement envisages cooperation of the parties in such areas as exploration and production, oil refining and petrochemicals, crude oil and …

Rosneft and Beijing Gas Group Company Limited (“Beijing Gas”) closed the deal for sale and purchase of 20% shares in Verkhnechonskneftegaz (a Rosneft subsidiary). The price of purchased 20% stake amounted to around USD 1.1bln. As a result of the transaction, the parties are going to create a vertically integrated …

Baker Hughes, a GE company (NYSE: BHGE) announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development. Uniquely …

Gazprom Neft PJSC has acquired a 25.02 per cent stake (with the right to increase this to 50 per cent) in Evrotek-Yugra. Evrotek-Yugra, owned by Spain’s Repsol, holds exploration and production rights to seven license blocks in the Khanty-Mansiysk Autonomous Okrug. This joint enterprise will continue geological prospecting works in …

Baker Hughes Incorporated today announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric Company’s oil and gas business (“GE Oil & Gas”). The combination will create Baker Hughes, a GE company, which will …

Caspian Sunrise PLC (formerly Roxi Petroleum 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. Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in the west of …