Gazprom: Cost Saving Expected to Lead to Budget Surplus
The Gazprom Board of Directors took notice of the information about the progress with implementing the Company’s Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015. The Investment Program, Budget and Cost Reduction Program comply with the criteria approved by the Board of Directors in December 2014. In addition, Gazprom closely monitors the …
Gazprom: Looks to Expand Export Routes
The Gazprom Board of Directors approved the Company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness. It was noted that gas supply alternatives as well as enhanced reliability and safety of supplies were of primary importance to make Gazprom’s products attractive for international markets over a long term. With a view to provide stable and well-balanced supplies of Russian gas …
Jupiter Energy: Well 19 hits 85m of Net Pay
The Board of Jupiter, the Kazakhstan-focused oil exploration and production company, is pleased to provide shareholders with the following well 19 drilling update. • Well 19 has been drilled to its final depth of 3068m; mud logs and open hole wireline logs indicate hydrocarbons in the Mid Triassic horizon. • …
Nostrum Oil & Gas: Proven Reserve Replacements Ratio at 65%
Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces the results of the independent reserves audit of its licenses in north-western Kazakhstan as at 31 December 2014. Highlights from the 2014 …
Nostrum Oil & Gas: Proven Reserve Replacements Ratio at 65%
Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces the results of the independent reserves audit of its licenses in north-western Kazakhstan as at 31 December 2014. Highlights from the 2014 …
Gazprom Dobycha Krasnodar: Appoint Alexander Koryakin as General Director
Alexander Koryakin is appointed Director General of Gazprom Dobycha Krasnodar. Alexander Koryakin was born in Chelyabinsk in 1968. He graduated from Perm Polytechnic Institute in 1992, majoring in Oil and Gas Field Development. Alexander Koryakin has an MBA degree. He has been employed at Gazprom for 22 years. Between 1992 and 1993 – oil and gas production operator of the 5th grade, oil and …
BP: Loses Bid to Reduce Macondo Civil Fine
BP has lost its bid to reduce the maximum civil fine of $13.7bn (£8.9bn) it could face for its role in the 2010 Gulf of Mexico oil spill. A US judge rejected BP’s appeal to pay a cap of $3,000 per barrel under the country’s Clean Water Act. Government prosecutors …
Eurasia Drilling Company: Update on Schlumberger Merger Timetable
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”) to respond to requests for information regarding the transaction described in the circular to Shareholders dated 20 January 2015. The merger (the “Merger”) between the Company and …
Federal Anti-Monopoly Service Delays Schlumberger’s Purchase of Eurasia Drilling
Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …
Federal Anti-Monopoly Service Delays Schlumberger's Purchase of Eurasia Drilling
Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …