GlobalData: Gazprom Leads Capex Across Oil and Gas Value Chain with US$168.3bn in FSU from 2018-2025
Gazprom is the top spender among all oil and gas companies in the Former Soviet Union (FSU), in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. …
LUKOIL Drilled the Second Well in the Eastern Part of the Yury Korchagin Field
PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 3,736 meters. The well’s initial flow rate is …
NOVATEK Shipped First LNG Cargo to CNOOC
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd., shipped a cargo of LNG produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC). The LNG cargo was delivered to Fujian LNG Terminal in China via the Northern Sea Route …
Upstream Oil and Gas M&A and Capital Raising Values Totalled $80.9bn in Q3 2018, says GlobalData
A total of 362 deals with a combined value of US$80.9bn were registered in the upstream oil and gas industry in Q3 2018, according to GlobalData, a leading data and analytics company. Of the total value, US$44.5bn was registered in mergers and acquisitions (M&A) in Q3 2018, representing a significant …
Caspian Sunrise PLC: 3A Best acquisition update
On 29 May 2018, Caspian Sunrise announced the conditional acquisition of 3A Best Group JSC (“3A Best”) (the “Acquisition”), an existing Contract Area of some 1,347 sq km located near the Caspian port city of Aktau, for a consideration of $24 million payable by the issue of 149,253,732 Caspian Sunrise shares issued …
Petrosibir: Production Report for October 2018
Petrosibir’s total oil production in October 2018 amounted to 37,502 barrels, equivalent to 1,210 barrels per day. The tables below summarises the average monthly / daily production in 2017 and 2018, broken down by region. TOTAL PRODUCTION, BBL 2017 2018 Average Jan Feb Mar Apr May Jun Bashkiria 13 195 …
Urals Energy: Tanker Shipment Sails, Working Capital Position Remains Highly Constrained
Further to the Company’s recent announcements, the board of Urals Energy (the “Board”), the independent exploration and production company with operations in Russia, provides the following updates. Tanker update The tanker shipment for export from the Company’s Arcticneft operations on Kolguyev Island has been completed. The tanker has left Kolguyev …
Gazprom and Sinopec to be Top Spenders Across Oil and Gas Value Chain with Capex Totalling up to US$259.1bn by 2025, says GlobalData
Gazprom and China Petrochemical Corp (Sinopec) are the top spenders among global oil and gas companies, in terms of new build capital expenditure (capex) to be spent on planned and announced projects across the oil and gas value chain during 2018–2025, according to leading data and analytics company GlobalData. The …
NOVATEK Obtains South-Leskinskiy License Area
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the South-Leskinskiy subsoil license area on the Gydan peninsula in the Krasnoyarsk Territory. The license area has estimated hydrocarbon resources of 3.5 billion barrels …
PetroNeft: Drilling Update – Results of C-4 Well Upgraded
PetroNeft (AIM: PTR) an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce that cased-hole testing of the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in Licence 67 has confirmed the …