Opening of Order Book for Replacement of Gazprom’s Eurobonds of Series 7 with Russian Bonds
In line with the decision of PJSC Gazprom, Gazprom capital LLC will place an issue of Russian bonds replacing the Eurobonds of Gaz Finance plс of series 7 issued for the amount of EUR 1 billion (maturity date – February 17, 2027; ISIN: XS2301292400/XS2301291931). The only Eurobonds to be accepted for replacement are those the rights to which are recorded in Russian depositories. Gazprom will …
Shell to Merge LNG and Upstream Business
Shell will merge its oil and gas and LNG operations as part of changes made by CEO Wael Sawan to the structure of the energy giant. The new division, which brings together Shell’s most profitable operations, will be led by Exploration and Production Director Zoya Yujnovich, Shell said in a …
SOCAR Increases Drilling Works by 19% in 2022
The volume of drilling by SOCAR’s drilling departments in 2022 amounted to 73,084 meters, SOCAR told Interfax-Azerbaijan. “In 2022, drilling volumes for the company amounted to 73,084 thousand meters. Compared to 2021, the company increased the volume of drilling work by 18.6% last year,” SOCAR said in a statement. As …
Well Drilling on Lebanese Offshore Block 9 to Start in Q3
TotalEnergies has signed a trilateral consortium agreement with QatarEnergy and Eni to explore for oil and gas in two offshore blocks off the coast of Lebanon, known as Blocks 4 and 9. After months of negotiations, QatarEnergy acquired a 30% stake in the consortium, leaving TotalEnergies and Eni with 35% …
QatarEnergy Will Develop Fields in Lebanon Instead of NOVATEK
The Qatari oil and gas company QatarEnergy has taken the place of Russia’s Novatek in a project to develop deposits in the exclusive economic zone of Lebanon in the Mediterranean Sea. According to a RIA Novosti correspondent, on Sunday in the Lebanese capital of Beirut, a ceremony was held to …
The General Director – Chairman of the Management Board of KMG Engineering LLP Was Appointed
Starting from February 1 of this year, in accordance with the decision of the Sole Participant of KMG Engineering, represented by the Management Board of KazMunayGas NC JSC, Malik Salimgereyev, the First Former Deputy General Director for Production of KMGE, has become the Head of the Company. Malik Zhanabayevich has …
KMG Engineering launched the Pilot Testing Center System Internet Portal
Applications for PT (pilot testing), new machinery, technology, materials and equipment are accepted on a one-stop-shop basis in a digital format at https://opicenter.kmge.kz/ It will consolidate materials on proposed technological solutions, accelerate the process of implementing innovative products at the exploration & production of KazMunayGas NC JSC, and store information …
Oil Production in Komi increased by 7%
In 2022, 14.3 million tons of oil with gas condensate were pumped out in the Komi Republic. This is 7.6% more than in 2021. The main growth in oil and gas condensate production (9%) was accounted for by OOO LUKOIL-Komi and NNK-Severnaya Neft (+17.5%). It is reported by Komionline. Gas …
Gazprom Neft Discovered a New Field in the Orenburg Region
Gazprom Neft discovered a new field in the Tashlinsky District of the Orenburg Region: while drilling a prospecting and appraisal well in the Solnechny licensed area, the company received a free flow of oil with a flow rate of over 490 m3 per day. According to geologists, after completion of …
BP Noted the Need to Continue Investing in Oil and Gas Production
BP believes that it is necessary to continue global investment in oil and gas production over the next 30 years, despite a decrease in future demand for them, according to the British company’s Energy Outlook 2023 forecast. “Recent energy shortages and rising prices highlight the importance of an orderly transition …