Eurasia Journal News

First day attendance at the 5th SPE Russian Oil & Gas Exploration and Production Technical Conference and Exhibition at the All-Russian Exhibition Center in Moscow hit a record 1,775 unique attendees, a 19 percent increase on the previous event in 2012. The Opening Plenary Session covered a range of innovative technologies …

First day attendance at the 5th SPE Russian Oil & Gas Exploration and Production Technical Conference and Exhibition at the All-Russian Exhibition Center in Moscow hit a record 1,775 unique attendees, a 19 percent increase on the previous event in 2012. The Opening Plenary Session covered a range of innovative technologies …

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset plus updates for the shallow wells at BNG and the Deep Well NK-31 at Galaz. Background The BNG Contract …

Rospan International (Rosneft subsidiary) carried out a record hydrofracturing at the Urengoiskoe field, which resulted in the 9 times increase of production rate. There had been pumped 400 tons of proppant to benches of Achimov formation, which proved the efficiency of a record hydrofracturing at the 2-06-03 well. The previous …

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on the Tungolskoye No. 5 (“T-5”) well. Vertical pilot hole successfully completed Structural interpretation of Tungolskoye confirmed Open hole flow test of 100 bopd, unstimulated 8.2 metres of …

Rosneft has finished performing comprehensive geophysical exploration, including seismic data acquisition 3D and gravimagnetic survey on the West-Prinovozemelsky licensed site on the continental shelf of the Barents Sea. The scope of work totaled 2.8 thousand square km. The specialized scientific research vessel «Geo Caribbean» was used to conduct works. As …

Rosneft and Chinese National Petroleum Corporation (CNPC) signed an agreement for the extensions of strategic cooperation. The document was signed by Rosneft Head Igor Sechin and CNPC Vice President Wang Dongjin. The signing ceremony was led by the Prime Minister of the Russian Federation Dmitry Medvedev. The agreement envisages elaboration …

A World Bank arbitration tribunal on Thursday ordered Venezuela to pay ExxonMobil Corp about $1.6 billion to compensate for oil nationalization in 2007, though state oil company PDVSA expects to eventually pay closer to $1 billion. Venezuela’s socialist government hailed the long-awaited decision as a victory for its “sovereignty,” given …

LQT Industries, LLC, a full-service provider of high quality accommodation facilities, electrical buildings, design-build construction services, and support services to the oil and gas industry, has built and commissioned a subarctic aluminum accommodations facility to be used by a global energy company on a drilling platform off the coast of …

Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of September 2014 (“the Period”). · Our average daily production[1] was 17,470 bbl/day during the …