Eurasia Journal News

The Gazprom Management Committee Chairman Alexey Miller and the CNPC Vice President Wang Dongjin signed today in Moscow the Heads of Agreement for pipeline gas supply from Russia to China via the western route. Inked in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping, the document outlines the main technical and commercial parameters of the …

The drilling of production wells for the pilot commercial development of the oil rim started in the Chayandinskoyefield in Yakutia, the basic field of the Yakutia gas production center. Pilot commercial development is a crucial stage preceding the commercial operation of a field. As part of this stage geophysical, production and other properties of a pay zone will be determined and the selected technical solutions …

Tethys Petroleum Limited today provides an update on the Strategic Review process and on-going discussions with SinoHan Oil and Gas Investment Number 6 B.V. (“SinoHan”). The Strategic Review process, being undertaken with the assistance of Macquarie Capital, is progressing well, with a number of new parties expressing an interest in …

The first exploratory well has been drilled at the Achinsk field (Tomsk Oblast, under development by Gazprom Neft subsidiary Gazpromneft-Vostok), part of a federal project to establish a regional testing ground to identify effective technologies for the development of hard-to-recover (“tight”) reserves. Operations, financed by Gazprom Neft, are also aimed at conducting a study of the unconventional hydrocarbon reserves of the Bazhenov formation. …

Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Minister of Energy and Natural Resources of the Turkish Republic. Alexey Miller and Taner Yildiz addressed the issues of Russian gas supplies to Turkey, upgrade of the Blue Stream gas pipeline and execution of the project for a new gas pipeline construction from Russia …

In January-April of 2015, Surgutneftegas produced 20.218 million tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 2.728 million tonnes, 12% up versus four months of the last year. In January-April of 2015, gas production in Surgutneftegas amounted to 3,200.1 million …

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Nguyen Xuan Son, Chairman of the PetroVietnam National Oil and Gas Group Board of Directors. The meeting addressed the main issues of the bilateral cooperation in hydrocarbon development, particularly the joint activities in blocks Nos. 129–132 in the continental shelf of Vietnam. The …

Tethys Petroleum Limited today provides further details of the previously-announced strategic review, and a SinoHan Oil and Gas Investment Number 6 B.V. transaction update, to shareholders. Highlights — A strategic review of the business which encompasses options including asset sales, farm-outs, financing, investments at the corporate level, or the sale …

Rosneft Board of Directors held a scheduled meeting. In compliance with the guidelines of the Government of the Russian Federation Rosneft BoD appointed Igor Sechin CEO of the Company starting May 24, 2015. In accordance with the corporate Charter of Rosneft the Board of Directors approved the contract with Igor …

Gazprom’s Geological Exploration Program will not be considerably adjusted. Despite a not too favorable international economic situation, sector-specific sanctions of the USA and Europe against Russia as well as a difficult financial environment in our country, Gazprom keeps enhancing its mineral resource base as well as getting ready for development …