Petroneft: Completes First Tungolskoye Horizontal Well
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye Tungolskoye No. 5 well tested at over 600 bopd and is now in production Development of Tungolskoye to proceed immediately 11 …
ERIELL Signed a 9-year Contract for Drilling in Novy Port
ERIELL, an international oilfield service group, has won a JSC Gazprom Neft Novy Port tender for drilling of 136 producing wells in Yamal Peninsula, Russia. The term of the contract is 9 years. “ERIELL Group focuses on establishment of long-term relations with its partners. The Novy Port project has become …
Roxi Petroleum: Proposed Sale of the Galaz Contract Area
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of progress concerning the possible sale the Galaz Contract Area in which it holds an interest of 34.22 per cent. Further to the announcement of 8 January 2015, Roxi …
Novatek: Reserve Replacement Running at 109%
OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic …
Urals Energy: ArticNeft – Workover Successful, Petrosakh – Cementing Underway
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce the following update on its operations at ArticNeft and Petrosakh as well an update on the litigation: ArticNeft Perforation of four wells of its six well work over programme has been successfully completed. …
Bashneft and Yokogawa Sign Partnership Agreement
JSOC Bashneft and Yokogawa Electric Corporation have signed a Long-Term Partnership Agreement on supplying production facilities of the refining complex in Ufa with Automatic Process Control Systems (APCS) and Instrumentation and Control Equipment (I&C). The document was signed by Alexander Korsik, President of JSOC Bashneft, and Shuzo Kaihori, Chairman and …
Bashneft and Yokogawa Sign a Partnership Agreement
JSOC Bashneft and Yokogawa Electric Corporation have signed a Long-Term Partnership Agreement on supplying production facilities of the refining complex in Ufa with Automatic Process Control Systems (APCS) and Instrumentation and Control Equipment (I&C). The document was signed by Alexander Korsik, President of JSOC Bashneft, and Shuzo Kaihori, Chairman and …
GlobalData Analyst: Russia’s Oil and Gas Tax Policies Increasingly Looking Eastward
The recent changes in the taxation of Russia’s oil and gas sector reflect both the country’s pivot eastward and the special treatment afforded to its state-controlled energy companies, says an analyst with research and consulting firm GlobalData. Russia’s recent fiscal changes shift the tax burden from export duty on oil …
Novatek: Reserve Replacement at 109%
OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic …
Gazprom: 2014 Results, Sales Up, Profits Down
Today Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2014. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended …