Eurasia Journal News

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 here presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended September …

We are pleased to be able to announce that Russia’s premier unconventional oil event, UOR, Unconventional Oil Russia Technology Conference, is returning for its second year. The 2nd UOR will take place on the 21st May 2015 in Moscow at the Baltschug Kempinski Hotel. With the falling oil price, western sanctions …

The transportation of six 13MW gas-turbine power units to the Vostochno-Messoyakhskoye field, for construction of a gas-turbine thermal power plant (GTPP), has now begun. The equipment is currently in Novy Urengoy, from where it will be transported (on winter roads) for installation on pre-prepared foundations. The GTPP will be brought into operation in 2016, following construction of the turbine hall and all auxiliary …

JSC TATNEFT continues developing promising technologies for reservoir pressure maintenance (RPM) aimed at reducing energy costs and increasing production efficiency. The Company continued to work on injection wells downhole equipment protection against high pressure and corrosion as well as on optimization of the reservoir pressure maintenance processes. 199 new injection …

The LUKOIL Board of Directors held a meeting in Moscow today to summarize the preliminary results of the company performance in 2014 and set priorities for 2015 and the near term. In 2014, as a result of prospecting, 14 fields were discovered, while 38 oil deposits were identified in the …

“Gazprom Neft-Khantos” completed the first two test wells drilled in the south licensed the Ob field to explore reserves Bazhenov horizon. Both directional wells conducted hydraulic fracturing (HF), a flow of hydrocarbons in the near future will be completed testing of two similar wells. “Gazprom Neft-Khantos” many years develops traditional …

The OAO LUKOIL Press Service announces that the company has sent an official letter to the Ukrainian Security Service’s Main Investigation Department laying out LUKOIL position as regards the current situation around its operations in Ukrainian territory. The letter says, among other things, that LUKOIL entered the international arena more …

KazMunaiGas Exploration Production today announces its full year operating results for 2014. Overall, in 2014 KMG EP, including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), produced 12,328 thousand tonnes of crude oil (250kbopd), which is 60,000 tonnes (less than 1%) lower compared to 2013. Ozenmunaigas JSC …

Conclusion of Formal Sale Process Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Board to represent a fair value for the Company.  In light …

An Extraordinary General Meeting of the shareholders in Petrogrand was held earlier today. The EGM was convened by the Board of Directors of Petrogrand for purposes of resolving on a proposed agreement with Shelton Petroleum AB to dissolve the cross-ownership between the companies. Despite the news that an Extraordinary General Meeting …