Shelton Petroleum AB: Analyzes New Suyanovskoye Seismic Data
Shelton Petroleum has recently collected an additional 142 kilometres of seismic data to further delineate the three promising structures on the Suyanovskoye oil field. The objective is to identify future drilling locations. Results from the study will be announced to the markets later this year. During 2014, Shelton Petroleum conducted …
Bashneft’s Board of Directors Approves a Number of Appointments
Yesterday, the Board of Directors of JSOC Bashneft has approved a number of appointments Sergey Zdolnik has been appointed Vice President for Oil and Gas Production; Igor Kalyuzhny has been appointed Vice President for Information Technologies; Vitaly Kozlov has been appointed Vice President for Refining and Petrochemicals; Igor Marchenko has …
Bashneft's Board of Directors Approves a Number of Appointments
Yesterday, the Board of Directors of JSOC Bashneft has approved a number of appointments Sergey Zdolnik has been appointed Vice President for Oil and Gas Production; Igor Kalyuzhny has been appointed Vice President for Information Technologies; Vitaly Kozlov has been appointed Vice President for Refining and Petrochemicals; Igor Marchenko has …
Condor Petroleum: Receives Zharkamys West 1 Exploration Contract Extension Till Dec 2016
Condor Petroleum Inc. (“Condor” or the “Company”) (CPI) is pleased to announce that the Government of Kazakhstan has approved an extension to the Zharkamys West 1 exploration contract for ten months until December 14, 2016. The Zharkamys exploration contract will be amended in due course. Drilling Update: A drilling contractor …
GlobalData Analyst: Russia Continues with Capital Programs Despite Low Crude Prices
Anna Belova, GlobalData‘s Upstream Analyst covering the Former Soviet Union, says: “Oil production surge outside OPEC is deemed one of the driving factors behind the recent decline in global crude prices. The behavior of main crude suppliers in the near term will determine if the global supply will equilibrate with …
BP: Q1 Results – Oil Price Hits Profits
BP today reported its results for first quarter of 2015. Underlying replacement cost profit for the quarter was $2.6 billion compared with $3.2 billion for the same period in 2014 and $2.2 billion for the fourth quarter of 2014. – Underlying replacement cost profit 20% down on year earlier, 15% …
Rosneft: To Form Rosneft Gaz to Compete with Gazprom?
A Rosneft representative refused to comment on the possible creation of a gas offshoot, Rosneft Gaz. One of the sources explained that “the idea to spin off company’s businesses has been discussed.” State-owned Rosneft plans to spin off its gas business into a subsidiary, Forbes reported citing sources aware of the situation.According to the sources, …
NOVATEK Elects New Board of Directors
OAO NOVATEK announced today that the Annual General Meeting of Shareholders (“AGM”) approved the election of new members to the Board of Directors. The following members were elected to the Board of Directors: Andrei I. Akimov: Chairman of the Management Board of Gazprombank (Open Joint Stock Company); Burckhard Bergmann: Board …
KazMunaiGas Exploration and Production: Q1 Results Production Down but Ahead of Targets
Today JSC KazMunaiGas Exploration Production announces its operating results for the first quarter of 2015. KMG EP including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI) produced 3,037 thousand tonnes of crude oil (249 kbopd) for the first three months of 2015, which is slightly less than …
Gazprom and YPF sign Memorandum of Cooperation
Alexey Miller, Chairman of the Gazprom Management Committee and Miguel Galuccio, Chief Executive Officer of Argentine National Petroleum Company YPF signed a Memorandum of Cooperation in Moscow today. The ceremony was held in the presence of Vladimir Putin, President of the Russian Federation and Cristina Fernandez de Kirchner, President of …