Shelton Petroleum: Distributes Ukrainian Operations Through Zhoda Petroleum Ukraine AB
As part of the transaction between Shelton Petroleum and Petrogrand, Shelton Petroleum today distributes its Ukrainian operations to its shareholders in the form of a dividend. Zhoda Petroleum Ukraine AB (“Zhoda”) is the Swedish parent company in the group that has been distributed. Pareto Securities has set up an OTC …
Statoil and Repsol Trade Assets in UK, Norway, USA and Mexico
These transactions increase the number of Statoil’s operatorships in priority areas, providing greater control of asset development and costs through shared efficiencies. – Statoil farms down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a …
Bashneft: Board of Directors Approves the Reorganization of the Burneftegaz Group
At the meetings held on December 9 and 10, the Board of Directors of PJSOC Bashneft approved the Company’s business plan for 2016 and a number of transactions forming part of the Company’s day-to-day operations. In accordance with a directive from the Government of the Russian Federation, the Board of …
ConocoPhillips: 2016 Operating Plan – $7.7 Billion Capital Budget
ConocoPhillips today announced its 2016 operating plan. Key highlights from the plan include: – $7.7 billion capital budget; – 1 to 3 percent production growth, adjusted for asset sales; and – $7.7 billion of operating costs. Chairman and Chief Executive Officer Ryan Lance commented, “We’re setting an operating plan for …
Exillon Energy: Unaudited Production of 15,461 bbl/day in November
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of November 2015 (“the Period”). · Our average daily production[1] was 15,461 bbl/day during the …
Volga Gas: Spins Bit at the Karpenskiy License Area
Volga Gas plc, an oil and gas exploration and production group operating in the Volga Region of Russia, has commenced the drilling of an exploration well in its 100 percent owned Karpenskiy License Area in the Saratov Region of southern Russia. The well is being drilled on the Yuzhno Mironovskaya …
SOCAR and Ministry of Emergency Situations and Prosecutor General of Azerbaijan Republic Joint Statement on Gunashli Rig Disaster
A sharp change in weather conditions in the country created serious problems in the conduct of offshore oil and gas operations. On December 4th 2015, north wind speed reached 38-40 meters per second whilst the wave height in the open sea was 8 meters and more. In the evening incessant …
Russian Gas Exports to France Increase 32% in 11 Months
Gazprom’s delegation, led by Alexey Miller, Chairman of the Company’s Management Committee, paid a visit to France today. As part of the visit, Alexey Miller met with Jean-Pierre Jouyet, Chief of Staff of the French President and Emmanuel Macron, Minister of Economy, Industry and Digital Sector. The attending parties noted …
Roxi Petroleum: Heavy Drilling Muds Preventing Natural Oil Flows at Deep Well A5
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset. Deep Wells Deep Well A5 As previously announced Deep Well A5 was drilled to a depth of 4,442 meters. Unrecovered drilling …
KMG EP Approves 2016 Budget and 2016-2020 Business Plan
JSC KazMunaiGas Exploration Production announces the approval by the Board of Directors (“the Board”) of the Company’s 2016 budget and 2016-2020 business plan which assume the average annual Brent price of US$40.1 per barrel in 2016-2017, US$50.1 per barrel in 2018-2020 and an average annual exchange rate of 300 Tenge …