Shell: Alaskan Arctic Drilling Update
Shell today provides an update on the Burger J exploration well, located in Alaska’s Chukchi Sea. The Burger J well is approximately 150 miles from Barrow, Alaska, in about 150 feet of water. Shell safely drilled the well to a total depth of 6800 feet this summer in a basin …
KMG EP: Appoints Kurmangazy Iskaziev as New Chief Executive Officer
JSC “KMG EP” announces that Kurmangazy Iskaziev has been appointed General Director (CEO) of KMG EP by the Board of Directors. Mr Iskaziev previously held the position of CEO of JSC Embamunaigas (EMG), one of the core production assets of KMG EP. Christopher Hopkinson, Chairman of the Board of Directors …
KMG EP’s Board of Directors Approves 2015 Revised Budget – Costing Brent at $51
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces the approval by the Board of Directors (“the Board”) of a revision to the Company’s 2015 budget. The 2015 budget was revised assuming the average annual Brent price of US$51 per barrel and an average annual exchange rate of 208 …
Urals Energy: H1 Results – Workover Program to Continue to Maintain Production, Working Capital Doubled
Urals Energy PCL (AIM: UEN), the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2015. Operational highlights Total production at Arcticneft during the period reached 124,697 barrels (H1-2014: 118,958 barrels) – Total production at Petrosakh …
Tethys Petroleum: Signs Non-Binding Take Over and Financing Deal with Nostrum Oil and Gas
Tethys Petroleum Limited (“Tethys” or the “Company”) announces that Tethys and Nostrum Oil & Gas PLC (“Nostrum”) have entered into a non-binding and indicative letter of intent (the “LOI”) setting out proposed terms upon which Nostrum would acquire the entire issued and to be issued share capital of Tethys (the …
Gazprom: To Use Domestic Nano-Products On Eastern Projects
Alexey Miller, Chairman of the Gazprom Management Committee and Anatoly Chubais, Chairman of the RUSNANO Executive Board had a regular joint meeting today at the Gazprom headquarters to consider the use of innovative products at Gazprom’s industrial facilities. Attending the meeting were Members of the Gazprom Management Committee, heads of …
Gazprom and Siemens Address Prospects for Cooperation Within Nord Stream II
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Joe Kaesar, President and Chief Executive Officer of Siemens. The parties addressed the prospects for cooperation, in particular, the procurement of equipment and technologies within the Nord Stream II project. Source
Gazprom: Resumed Gas Export to Azerbaijan to Meet Growing Demand of Republic
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The parties addressed issues of the bilateral cooperation in the energy sector between the two companies. The point of the …
Offshore Reserves to Account for 50% of Oil Production in Abu Dhabi by 2018, reveals ADIPEC
Offshore reserves will account for approximately 50 per cent of total oil production in Abu Dhabi by 2018 as a result of continued investments in production capacity, experts revealed yesterday. With USD 25 billion worth of investments in offshore oil projects planned by the Abu Dhabi National Oil Company (ADNOC) …
LUKOIL Produces 30 Billion Cubic Meters of Natural Gas in Uzbekistan
LUKOIL has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan. Most of this (about 85%) comes from the Khauzak-Shady field in the Bukhara Province. Commercial gas production at the Khauzak-Shady field started in November 2007. In 2011, the West Shady site was put …