Yamal LNG: 9.9% Stake Sold to China's Silk Road Fund for 730m Euros
OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9% equity stake in …
SEIC: Awards Sakhalin-2 Third LNG Train to Shell and Giprogazcenter
Sakhalin Energy Investment Company Ltd. announces that it has awarded its design development contracts for Sakhalin-2 LNG Train 3. According to the contracts signed, Shell Global Solutions International and Giprogazcenter, a Russian design institute, are entrusted with the development of Sakhalin-2 LNG Train 3 design package. All the works will …
GlobalData: Russian Oil Companies Looking to the Americas to Boost International Long-Term Positions
Key Russian oil companies have refocused on strengthening their international positions through the acquisition of exploration and production assets in geographies outside Russia, with countries in the Americas providing a number of potential partnerships in the long term, according to analysts with research and consulting firm GlobalData. – Following sanctions …
GlobalData: UK One of Most Pro-Fracking Countries in the EU
The UK’s recent decision to implement a new policy giving the government final say over the outcome of planning applications and appeals for shale gas exploration and development further distinguishes it from other European countries, according to an analyst with research and consulting firm GlobalData. Any hopes for developing large-scale …
Rosneft Completed 2015 Offshore Geological Exploration Program
Rosneft has completed its 2015 geological exploration program at offshore licenses. Seismic surveys using 2D method covered 20,434 line km in waters of the Kara Sea, the Chukchi Sea, and the Laptev Sea. For the first time 2D seismic exploration was carried out with support of an integrated information system, …
Petrogrand: Sees Small 3% Production Uplift in November
The total production from the Komi oil fields Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye in November 2015 amounted to 57,435 barrels of oil, corresponding to an average of 1,915 barrels of oil per day (a slight increase of 3 per cent compared to 1,852 barrels of oil per day in October 2015). …
Volga Gas: New Vostochny Makarovskoye Side Track Comes On Stream as Gas Plant Nears Capacity
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its operations. Vostochny Makarovskoye (“VM”) field As of 11 December 2015, the VM#4 well, in which the Group drilled a successful sidetrack earlier in …
Petroneft Resources: Workover Program at Tungolskoye To Improve Disappointing Production Rates
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye – T-501 and T-505 horizontal wells drilled. Logs suggest both to …
Rosneft: Chayvo Productions Hits Two Million Tons
Rosneft produced 2 millionth ton of oil since the production start at the Northern Tip of Chayvo field in 2014. The Northern Tip of Chayvo field is located in the Sakhalin shelf area. Currently, oil at the field is being produced from three extended-reach wells that are about 10 km …
LUKOIL: Medium Term Plans – Rakushechnoye, Kuvykin and Filanovsky Fields are Key Priorities
The Board of Directors of PJSC LUKOIL held a meeting in Moscow today to approve the LUKOIL Group’s key performance indicators for 2016–2018. Further Company development aligned with the basic corporate planning principles were named the key objective of the medium-term plan. The meeting participants reviewed the diverse implementation aspects …