Eurasia Journal News

Gazprom Neft CEO Alexander Dyukov and President of Yokogawa Electric Corporation Takashi Nishijima have signed an agreement on the establishment of an international innovation centre for automation in oil refining in St Petersburg. The agreement envisages the expansion of technological cooperation between the two companies, a new stage of which will involve the development of an innovative performance management system in oil refining. Gazprom …

Following the signing of a cooperation agreement in June 2016, Gazprom Neft and IBM have now begun implementing computer-assisted cognition (self-taught programmes) in the analysis and interpretation of well-logging data. This joint initiative in the development of innovative new software in data processing is part of Gazprom Neft’s ongoing “Technology Strategy”*. These new methodologies will allow the identification and development …

JSC KazMunaiGas Exploration & Production (“KMG EP” or Company”) held an extraordinary general meeting of its shareholders (“EGM”) on 13 December 2016. In accordance with the decisions approved at the EGM, Serik Abdenov, Vice President for Human Resources at JSC National Company KazMunayGas was elected as a new member of …

Tethys Petroleum Limited (“Tethys” or the “Company”) today announces that Intergas Central Asia (“ICA”), the Kazakh State-owned gas transportation company has notified the Company’s wholly owned subsidiary in Kazakhstan, Tethys Aral Gas LLP (“TAG”), that it intends to continue accepting gas produced by TAG under the existing gas sales contract …

Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently holds a 90% stake in the block following the recent dilution of 10% to BP which completion is ongoing. …

Oleg Aksyutin, Member of the Management Committee, Head of Department of Gazprom, and Clemens Blum, Executive Vice President of Industry Business of Schneider Electric, signed the 2017–2019 Program for scientific & technical cooperation and partnership at the Gazprom headquarters today. Pursuant to the Program, the companies will cooperate in the following areas: development and introduction of smart technologies into …

Commodity trader Glencore Plc and Qatar’s sovereign wealth fund agreed to buy a 10.2-billion euro ($11 billion) stake in Russia’s largest oil producer from the state in a triumph for President Vladimir Putin over sanctions imposed by the West. Glencore, Qatar state fund to split 19.5% stake in Rosneft Deal …

In January-October 2016, Surgutneftegas produced about 51,408.8 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 7,396.5 thousand tonnes, 5.5% up versus ten months of the last year. In January-October 2016, gas production in Surgutneftegas amounted to 8,006.3 million cubic …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting, where the Board approved a revision of the 2016 capital expenditures plan. As previously announced, the Company started construction of a gas treatment unit (GTU) for the Prorva group of fields at …

The Chief Executive of Gazprom, Alexei Miller today met with Eni CEO Claudio Descalzi. During the meeting, they discussed the dynamics of Italy’s gas market and the prospects of Italian and European gas supply from Russia, also from alternative sources. The two companies also confirmed their continued close partnership in …