Eurasia Journal News

The Gazprom Board of Directors commended the Company for the progress made on its major investment projects. It was noted that Gazprom was taking extensive countrywide efforts to set up new gas production, transmission and processing facilities and develop the existing capacities. The Company’s efforts are aimed at maintaining a …

Gazpromneft-Noyabrskneftegaz and Gazpromneft-Yamal, subsidiaries of Gazprom Neft, have won recent tendering rounds for subsoil usage rights to the Yuzhno-Noyabrskoye and Kamennomysskoye (onshore) fields, both located in the Yamalo-Nenets Autonomous Okrug, in close proximity to Gazprom Neft’s existing infrastructure. Recoverable oil reserves at the Yuzhno-Noyabrskoye field include 0.655 million tonnes of C1 reserves and 0.2 million tonnes of potential (recoverable) …

In the course of geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported, signaling the discovery of a new field. As soon as the well is tested and the geological information is analyzed, the reserves estimates for …

A ceremonial event marking the launch of the Vostochno-Messoyakhskoye field took place today. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Igor Sechin, Chief Executive Officer of Rosneft, and Alexander Dyukov, Chairman of the Gazprom Neft Management Board. Russian President Vladimir Putin gave the command via a video call to start offloading oil …

Gazprom received through diplomatic channels the first permits for the TurkStream project from the authorities of the Turkish Republic after the decision to resume the project this year. At last week’s negotiations between Alexey Miller, Chairman of the Gazprom Management Committee, and Berat Albayrak, Minister of Energy and Natural Resources of the Turkish Republic, the parties reached the agreement …

Alexey Miller, Chairman of the Gazprom Management Committee, and Artyom Obolensky, Director General of RusGazDobycha, signed at the Eastern Economic Forum 2016 in Vladivostok a Master Agreement regarding the joint project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields located in the Yamal-Nenets Autonomous Area. The document is a follow-up to the agreements reached at the St. Petersburg International …

OAO NOVATEK (NOVATEK) announces that its subsidiary OOO NOVATEK-Yurkharovneftegas won the bid for a geological survey, exploration and hydrocarbons production license for the Syadorskiy subsoil area for a term of 25 years. The auction resulted in a one-time payment for the subsoil use in the amount of 404 million rubles. The …

Olisol Transaction Following approval of The Grand Court in the Cayman Islands on August 19, 2016 to reduce the par value of the Company’s ordinary shares from US$0.10 to US$0.01 the Company has worked with Olisol and its advisors to complete the previously announced C$9.8 million private placement by September …

Further to the announcement made on 23 August 2016, Urals Energy, the independent exploration and production company with operations in Russia, is pleased to confirm that the acquisition of the entire share capital of Arctic Oil Company Limited (“ANK”) from JSC ArcticMorNefteGazRazvedka (“AMNGR”) has completed.  The consideration for this acquisition …

Rosneft, BP and Schlumberger today announced agreements for collaboration on seismic research and development. The agreements were signed at the Eastern Economic Forum (EEF) in Vladivostok, Russia, by Rosneft CEO Igor Sechin and President of BP Russia David Campbell. Schlumberger was represented by President for Russia and Central Asia Gokhan …