Eurasia Journal News

More info will follow shortly.  PJSC Tataneft and OAO NOVATEK have confirmed their involvement in the RDCR drilling event, running on the 13th of April in Moscow www.rdcr.net Tatneft will take an active part in the roundtable sessions. Novatek have confirm the following companies will attend: NOVATEK NOVATEK-Yurkharovskneftegaz Yamal LNG Arctic LNG 1 …

TATNEFT has reorganized the drilling service and set up a Drilling Operations Control Center. To improve the well construction management efficiency the Company has changed the scheme of drilling operations organization. The Drilling offices of the Oil and Gas Producing Divisions (NGDUs) are being centralized in a single service of …

JSC KazMunaiGas Exploration Production announces the results of exploration activities at the north-eastern flank of S. Nurzhanov field, Liman and Akkuduk blocks. While testing the productive Triassic reservoir of the directional well drilled in 2015 at the   north-eastern flank of S. Nurzhanov field, the well flowed at a rate …

The Board of Directors addressed the issue of electing Gazprom Management Committee Chairman and unanimously decided to re-elect Alexey Miller as Gazprom Management Committee Chairman for a 5-year term starting from May 31, 2016.

The Board of Directors took note of the information about the influence of the Gazprom Innovative Development Program until 2020 on the Company’s economic performance indicators and about the efficiency of spending funds allocated for research and development (R&D) activities. Gazprom is a high-tech company, investing heavily in research and development of unique, often unparalleled in the world, solutions. Once tested, they …

The Gazprom Board of Directors approved an updated list of measures aimed at increasing the Company’s share in the global gas market. It was noted that amidst the industry-wide changes the updating of this document had an important role to play for the successful business development of Gazprom as a global energy company. The updated list suggests more precise definition of the Company’s business areas, …

The cost optimization strategy is focused around several key areas: generation of the Investment Program and the Budget, development and execution of the cost reduction program, implementation of cost optimization plans by types of activity and procurement of goods, works, and services. At the budgeting stage, Gazprom optimizes a number of expenditure items by using a standard setting approach, determining specific cost …

Today, Deputy Prime Minister of the Russian Federation Arkady Dvorkovich, President of PJSC LUKOIL Vagit Alekperov and Stavropol Region Governor Vladimir Vladimirov took part in the official startup of the first phase of the gas processing unit at the Stavrolen plant in Budennovsk. This project will make it possible for …

Oil prices slipped off session highs on Tuesday after four of the world’s largest producers agreed to freeze output at January levels if other major exporters joined the pact, dashing hopes among the price bulls for an outright cut to supply. Qatari energy minister Mohammad bin Saleh al-Sada told a …

According to the results of the audit performed by DeGolyer & MacNaughton under the SEC (United States Securities and Exchange Commission) life-of-field classification, as of December 31, 2015, Rosneft proven hydrocarbon reserves stood at 34,465 mmboe (4,654 mmtoe). The Company’s hydrocarbon reserves growth accounted 488 mmboe (59 mmtoe). Reserves growth …