Xodus wins TCO vibration contracts in Kazakhstan
Xodus Group has been awarded two contracts with TengizChevrOil (TCO) for acoustic induced vibration fatigue assessments of its Tengiz complex in Kazakhstan. The first contract will see Xodus deliver screening assessments for the relief systems on a new high pressure steam plant, and could expand to include detailed finite element …
Exillon Energy: Produces 15,926 unaudited bbl/day in August
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 August 2015 (“the Period”). · Our average daily production[1] was 15,926 bbl/day during the …
Max Petroleum: Share Trading Suspended
Max Petroleum‘s circular to Shareholders dated 13 August 2015 noted that, as a result of the uncertainty surrounding the Company’s financial position, its ordinary shares have been suspended from trading on AIM since 2 March 2015. Max Petroleum and AGR Energy continue to work to satisfy all relevant conditions for …
Petroneft Resources: Production Up 40% with Horizontal Drilling
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-502 horizontal well brought on line at sustained rate of …
Platts Survey: OPEC Pumps 31.26 Million Barrels of Crude Oil Per Day in August
Monthly Output Down 140,000 b/d from July, Saudi Arabia Scaled Back Supply by 50,000 b/d to 10.4 million b/d in August. Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 31.26 million barrels per day (b/d) in August, down 140,000 b/d from the July level of 31.4 …
Gazprom Export: Starts Winter Gas Auction
On September 7, 2015, at 9.00 a.m. CET (10.00 a.m. Moscow time) Gazprom Export begins the bidding for gas supply to Europe. Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Elena Burmistrova, Director General of Gazprom Export launched the bidding with a solemn ceremony by striking a symbolic …
KMG EP: Hit with 37bn Tenge of Back Taxes and Fines
JSC KazMunaiGas Exploration Production announces that the Kazakhstan tax authority has completed their desk audit of KMG EP which commenced in September 2014 for the period between 2009 and 2012. Following the audit, the tax authority has charged an additional 18.2 billion tenge, imposed a penalty of 9.7 billion tenge …
Max Petroleum: Receives Ministry of Energy Approval for AGR Energy Subscription
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that approval from the Ministry of Energy of the Republic of Kazakhstan for the Subscription has been obtained. The final remaining Kazakh Governmental Approval for the Subscription is the consent of the …
OPEC: Indonesia Officially Asks For Membership Reactivation
Indonesia has submitted an official request to the Organization of the Petroleum Exporting Countries to reactivate its full membership in the Organization. The request has been circulated to all OPEC Member Countries for their consideration and approval. Considering the feedback, the Indonesian Minister of Energy and Mineral Resources, His Excellency …
KDR: SMARTEX DF Takes Gold Sponsorship
TMG is proud to announce that SMARTEX DF has become a Gold Event Sponsor for the 1st KDR, Kazakh Drilling Roundtable, taking place in Astana on the 17th September 2015. With the second largest oil production among the former Soviet Republics after Russia, Kazakhstan is at the forefront of the …