Tethys Petroleum: Notice of Extraordinary General Meeting of Shareholders
Tethys Petroleum Limited hereby gives notice an extraordinary general meeting of the holders of ordinary shares of the Company will be held at the offices of Borden Ladner Gervais LLP, Bay Adelaide Centre, East Tower, 22 Adelaide St W, Toronto, ON, M5H 4E3, Canada on July 28, 2017 at 11:00 a.m. …
Energy Markets in Transition: BP Statistical Review Shows Long-Term Shifts Underway
Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices Energy mix shifting; rising renewable energy offsetting steep falls in coal use Carbon emissions flat for third year, driven by weak energy demand and cleaner energy mix The 2017 edition of the BP Statistical …
Urals Energy: 2016 Results – Production and Revenue Up 12%
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce its audited financial results for the year ended 31 December 2016. Operational highlights · Total production at Arcticneft reached 289,986 barrels, including four months of Arctic Oil Company Limited (“ANK”) production of 39,818 barrels …
GE & Baker Highes Merger: Clears USA DoJ – GE to Divest GE Water
Baker Hughes Incorporated and General Electric Company announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value …
Kashagan: Rising Output Weighs on Kazakhstan’s CPC Oil Price
One of the world’s fastest growing crude streams, Kazakhstan’s CPC, is battling to find new buyers in a market saturated with light grades and with core European customers reluctant to buy more of the pungent oil blend even as its value has plunged reported Reuters. It is a familiar picture …
Arctic LNG-1: Wins Gydanskiy Subsoil License Bid
PAO NOVATEK announces that its subsidiary OOO «Arctic LNG-1» won the bid for a geological survey, exploration and hydrocarbons production license for the Gydanskiy subsoil area for a term of 27 years. The auction resulted in a one-time payment for the subsoil use in the amount of 2,262 million rubles. …
Tethys Petroleum: ESP Performing Well, Great Wall to Spin Bit Next Week
Tethys Petroleum Limited today announces a corporate update. Electrical Submersible Pump (“ESP”) On June 2, 2017 the Company announced the successful installation of an ESP to significantly boost production from its main oil producing well, AKD-01. The Company is pleased to report that AKD-01 has stabilised and both the well …
Shell & Gazprom Ink 2 Agreements on Baltic LNG Project
Plant to set up JV, which will secure financing for and carry out the design, construction and operation of the LNG plant in the Leningrad Region Royal Dutch Shell and Russian gas monopoly Gazprom have signed two agreements on the Baltic liquefied natural gas (LNG) project. Gazprom CEO Alexey Miller and Shell …
Novatek Decides to Abandon Plans to Produce Gas in Eastern Siberia
Novatek has revised its production plans in Eastern Siberia and is no longer planning to buy assets there due to low profitability of production, the company’s CEO Leonid Mikhelson told reporters. “We see our future on the Gydan Peninsula and the Yamal Peninsula, we do not consider Eastern Siberia yet. …
Tethys Petroleum: Installs ESP at AKD-01
Tethys Petroleum Limited today announces that it has successfully completed the installation of an Electrical Submersible Pump (“ESP”) in its main oil producing well, AKD-01. AKD-01 has been producing under natural pressure since first oil in September 2010 and to date has produced approximately three million barrels of oil. Production …