Statoil Committed to End Routine Flaring by 2030
Statoil and several other oil companies and nations joined together today to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre represented Statoil at the signing at the World Bank in Washington together with Norwegian foreign minister …
Almost Three Million Barrels Of Arctic Oil Delivered From the Prirazlomnoye Field
The Kirill Lavrov tanker has delivered a new batch of ARCO arctic oil to Europe in its sixth shipment of oil. More than 2.9 million barrels of oil have been extracted from the Prirazlomnoye oil field since production began. The Kirill Lavrov and Mikhail Ulyanov Arc6 class double-hulled icebreaking oil …
Volga Gas: Mikhail Ivanov To Step Down, Andrey Zozulya to Become CEO
Volga Gas plc, the oil and gas exploration and production group operating in the Volga region of Russia, is pleased to announce a new Board appointment and further directorate changes. Mikhail Ivanov has advised the Board of the Company that after 9 years of service as Chief Executive Officer of …
Nord Stream – Reliable and Efficient Route of Russian Natural Gas Supplies to Europe
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Jean-Francois Cirelli, Special Advisor to the Presidency of GDF Suez (Gas Supplies). The parties addressed the current issues and prospects for the cooperation deepening in the gas sector, paying special attention to …
Roxi Petroleum: BOCO Take $20m usd Subscription
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce it has entered into a subscription agreement to raise $20m at above the current market price. The Company has entered into a Subscription Agreement with BOCO (H.K.) Limited, (“BOCO”),whereby BOCO will subscribe for …
Rosneft Delays NADL Rig Deal Till 2017
Rosneft and North Atlantic Drilling Limited have agreed to extend the termination date of the Framework Agreement signed on August 20, 2014 until May 31, 2017. Additionally, the parties have agreed to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the …
Ruspetro: 2014 Results – Debt Down in Equity Swap, Ruble Devaluation Hurts, Plus Production Drop
Ruspetro plc, an independent oil and gas development and production company with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2014, and an update on its operations to date. Financial Highlights – Successful completion of financial restructuring …
Dragon Oil: Cheleken Production Up 23% yoy
Dragon Oil plc, an international oil and gas exploration, development and production company, today publishes an update on the drilling activity in the Cheleken Contract Area, Turkmenistan, and production numbers for 1Q and March 2015. Average gross production of approximately 88,700 barrels of oil per day (bopd) in 1Q 2015, …
Gazprom Neft: Spins Chonsky Project Bits
Gazprom Neft has begun drilling of three exploratory wells at its Chonsky project in Eastern Siberia — one each at its Ignyalinsky, Vakunaysky and Tympuchikansky fields. Drilling of a further well at the Tympuchikansky block will begin within a month. Data obtained from further well testing will allow the clarification of geological models of the fields, allowing the various blocks to be subsequently …
Gazprom: Looking to Maintain Global Gas Market Position
The Gazprom Board of Directors took notice of the information about new trends in the global energy sector and their possible impact on the world gas market structure. In order to evaluate the influence of such phenomena on the global gas market, the relevant stress-scenarios envisaging the conservation and development of the outlined mid-term and long-term trends, were formed and reviewed. The …