RN-Yuganskneftegaz: Production Up 2% in 2016
RN-Yuganskneftegaz, a subsidiary of NK Rosneft, increased oil production by 2% compared to the same period of 2015 (62.4 million tons) – up to 63.6 million tons, in 2016. The accumulated production of the company has exceeded 2.2 billion tons. The production results were achieved thanks to the implementation of …
Domanik Oil AS: A Statoil Rosneft JV has Started Pilot Drilling Operations
The joint venture of PJSC “NC” Rosneft “and Statoil ASA – Domanik Oil AS (the share of” Rosneft “- 51%,’s Statoil – 49%), start drilling the first well in the framework of the exploration work on the study of hard hydrocarbon reserves Domanik deposits in the Samara region. During the …
New Supply Vessel for Sakhalin-2 Project Named Gennadiy Nevelskoy
On 30 January 2017, the naming ceremony took place for a new ice-breaking platform supply vessel (IBSV) built for Sakhalin-2 project. The vessel was commissioned by SCF Group under a long-term agreement with Sakhalin Energy. She was named after Gennadiy Nevelskoy, a famous explorer of the Sakhalin Island and the …
RN-Uvatneftegaz: Has Produced 5 Millions Tons of Oil
RN-Uvatneftegaz, a subsidiary of “Rosneft”, has extracted 5 million tons of oil since the beginning of the development of the Uvat group of fields of Central, including the Tyamkinskoye, South Petegskoe, Radonezh and Protozanovskoe field. The total average daily production is more than 3.6 thousand Tons of oil. The development …
KMG EP: 2016 Results – Total Production Down 2%
JSC KazMunaiGas Exploration Production announces its operating results for the year 2016. Production Overall, KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 12,154 thousand tonnes of crude oil (245 kbopd) for 2016, a 2% decrease on 2015. Ozenmunaigas JSC (“OMG”) produced 5,555 thousand …
Varieganneftegaz: Production Up 9.3% yoy
The group of companies “Varieganneftegaz” including “Nizhnevartovsk Oil and Gas Enterprise” and “North-Varioganskoye” increased the volume of gas production compared to 2015 by 9.3% to 3.4 billion m3 by the end of 2016. The increase in production was due to the successful implementation of the program of drilling new wells …
Goldman Sachs: US Tax Reforms Could ‘Transform’ Global Oil Market
The push by Republicans in the U.S. House of Representatives for a shift to border-adjusted corporate tax (BTA) could push U.S. crude prices higher than the global benchmark Brent, triggering large-scale domestic production, according to analysts at Goldman Sachs on Tuesday. The measure, known as border adjustment, intends to boost …
KMG EP: Reserve Replacement Ration at 8%
JSC KаzМunaiGas Exploration Production announces the results of an independent audit of liquid hydrocarbon reserves at the Ozenmunaigas JSC, Embamunaigas JSC, KazGPZ LLP and Ural Oil and Gas LLP (KMG EP share – 50%) fields as at 31 December 2016. The audit was performed by independent consultant DeGolyer and MacNaughton …
DNV GL: 49% of Senior Managers Expect Companies to Diversify
New research by DNV GL, the technical advisor to the oil and gas industry, shows oil and gas companies seeking to rebalance business portfolios and reorganizing for a new era. In a period of drawn-out recovery, almost half (49%) of senior oil and gas professionals surveyed expect their businesses to …
Gazpromneft Sakhalin: Awarded the Offshore Ayashsky Block
Gazprom Neft subsidiary Gazpromneft Sakhalin has acquired a licence for the exploration, development and production of hydrocarbons at the Ayashsky block, located on the continental shelf of the Sea of Okhotsk. The licence, awarded by the Federal Subsoil Resources Management Agency (Rosnedra), runs until 1 July 2039. The Ayashsky block, located next to the developed fields of the Sakhalin-1 and …