Eurasia Journal News

JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting on March 30, 2015. During the meeting the Board approved the revision of the 2015 budget and approved the meeting agenda for the Annual General Meeting of Shareholders (“AGM”) set for 19 May 2015. I. Revised 2015 budget The …

Rosneft and a group of its subsidiaries including Samaraneftegaz, Tomskneft and Angarsk Petrochemical Company reached a dispute disposition agreement with Yukos Finance B.V., Yukos Capital sarl, Stichting Administratiekantoor Yukos International, Stichting Administratiekantoor Financial Performance Holdings, Consolidated Nile, LP, General Nile, LLC, Yukos International (UK) B.V., Luxtona Limited, Financial Performance Holdings …

Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2014. Corporate Highlights – 2014 Updated Oil Resource Report for the ‘Klymene’ prospect in Kazakhstan with total Unrisked Mean Recoverable Oil Resources being estimated independently at over 400 million barrels; Drilling of a further 4 successful …

PEDEVCO Corp. d/b/a Pacific Energy Development  reported year-end results today with significant increases in revenues, production and reserves. Year-End 2014 Results Compared to Year-End 2013 Results: Revenue increased over 3x to $5.1 million in 2014 from $1.5 million in 2013 Total Net Production increased 4x to 73,583 BOE in 2014 from …

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset and progress on the completion of the sale of Galaz. BNG Operational Update The BNG Contract Area is located in the …

In the  Chayandinskoye  oil and gas condensate  field  in the Republic of Sakha (Yakutia),  LLC “Gazprom exploration“completed extensive seismic work. Here, the company pioneered the use of high-density wide-azimuth seismic method 3D. Shortly before the end of the research in the field, journalists visited the Far East media, which shows how …

Despite the recent Memorandum of Understanding (MoU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating Liquefied Natural Gas (LNG) projects in Russia, according to an analyst with research and consulting firm GlobalData. While the MoU can be interpreted as …

The Board of Jupiter, the Kazakhstan-focused oil exploration and production company, provides the following update. KEY POINTS: • Initial testing of well 19 indicates the well has penetrated reservoirs containing hydrocarbons. • A malfunction with the perforating guns and some loss of permeability close to the well bore as a …

Eurasia Drilling Company Limited announces that Schlumberger B.V. (“SLB”) and the Company are continuing to cooperate with the Russian Federal Anti-Monopoly Service (“FAS”) and the Commission on Foreign Investment in relation to the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB. …

Igor Koshin, Governor of the Nenets Autonomous District, and Vladimir Nesterenko, General Director of LLC Bashneft-Polyus (a joint venture of JSOC Bashneft and OJSC Lukoil responsible for the development of the R. Trebs and A. Titov fields), have signed the Protocol to the Cooperation Agreement for 2015. In addition, today …