Alexey Miller and Vagit Alekperov Address Vital Cooperation Issues
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL. The parties discussed the issues of cooperation while arranging the processing of associated petroleum gas (APG) from the northern group of LUKOIL-Komi fields at the Sosnogorsk gas processing plant (GPP) of Gazprom. It was noted that the work …
Belorusneft: Sanctions Lifted
The United States has removed sanctions against Belorusneft, a state-owned Belarussian energy company, imposed in 2011 for its involvement in the Iranian petroleum sector, the U.S. government said on Tuesday reported Reuters. The sanctions have been lifted amid a thaw between the West and Belarussian leader Alexander Lukashenko, once branded …
Russneft: Glencore to Convert Assets into 49% Stake
Swiss mining giant Glencore PLC is negotiating a deal to restructure its stake in RussNeft, one of Russia’s 10 biggest oil companies, according to a person familiar with the deal reported the WSJ. Glencore plans to convert assets it has in RussNeft subsidiaries into a 49% stake in the Russian …
International Petroleum: Alexander Osipov Terminated as CEO
International Petroleum Limited announces that the Board has terminated Mr Alexander Osipov as Chief Executive Officer of the Company, effective 26 October 2014.
Zoltav Resources: Koltogor Reserves Up 546m Barrels
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, is pleased to announce that the Russian Federal Agency for Subsoil Use (“Rosnedra”) has registered an additional 546 million barrels (mm bbls) of Russian standard C1 plus C2 oil reserves for the Koltogor Exploration and Production Licence (the …
Bashneft’s Meeting of Shareholders Elects a New Board of Directors
Today, the Extraordinary General Meeting of Shareholders of JSOC Bashneft has accepted the early resignation of members of the Board of Directors and elected the following persons to the new Board of Directors: Charles Watson, member of the Board of Directors of KAZ Minerals Pls, independent director; Evgeny Guryev, Minister …
Kazmunaigas Exploration Production: Signs Extended Subsoil Contracts
KazMunaiGas Exploration Production JSC announces today that addendums have been signed to extend contracts between the Kazakh Ministry of Energy and KMG EP subsidiaries. The following four contracts have been extended with JSC Embamunaigas: the Kenbay field (contract №37) valid until 2041; the SE Novobogatinsk field (contract №61) valid until …
Tatneft: Associated Petroleum Gas Utilization
JSC TATNEFT continues developing the comprehensive program for utilization of associated petroleum gas (APG). The Company has successfully implemented various projects to improve the efficiency of associated petroleum gas utilization. One of the ways is application of oil heating furnaces at the preliminary water discharge units in the course of …
SPD: Start Implementing ASP Technology
Within the scope of the pilot enhanced oil recovery project, Salym Petroleum Development (SPD) has delivered to the Salym group of fields the equipment for construction of a unit for preparation of a special mixture to be used for substantial oil recovery factor increase. The facility is scheduled to be …
Aleator Energy: Registers Crimean Subsidiary Kerch Energy LLC
Aleator Energy Limited is very pleased to advise that it has received confirmation that the registration of its new Crimean subsidiary ‘Kerch Energy LLC’ has been completed. This process had taken numerous months due to the substantial change in the regulatory process being implemented in Crimea and the vast numbers …