Urals Energy Capital “Highly Constrained”, Prepares To Load Tanker
Urals Energy PCL said Thursday that its working capital continues to be “highly constrained” after an un-authorised USD1.5 million loan made from its funds left it short of working capital. The Russia-focused exploration & production company also added that its tanker has arrived at the Kolguev Island where loading should …
Petrosibir: A New Oil Field Discovery within the Aysky Exploration Block in Bashkiria
Petrosibir is pleased to announce that the Company has successfully re-entered an old Soviet well #141 within the the Aysky exploration licence in Bashkiria. The Aysky licence was issued in September 2009 and will expire in December 2020. This licence block is adjacent to the north-eastern border of the Ayazvskoye …
BP Completes Purchase of BHP Assets in US Onshore
BP has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets in a landmark deal that will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – which was announced in July and closed as scheduled on October 31– adds oil and …
ConocoPhillips Announces Executive Leadership Retirement and Realignment
ConocoPhillips today announced the retirement of Al Hirshberg as executive vice president, Production, Drilling and Projects after more than 35 years of industry service, including eight years with ConocoPhillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows: Matt Fox, currently executive …
The Gazprom Neft Board of Directors Examines the Issue of Improving Effectiveness in Associated Petroleum Gas (APG) Utilisation
The Gazprom Neft Board of Directors has, on 26 October, reviewed the company’s associated petroleum gas (APG) utilisation programme, as well as greater effectiveness in APG utilisation in 2018 and plans for 2019–2021. Based on 2018 outcomes, and in the light of increasing hydrocarbon production, the productive use of APG throughout the company’s fields is expected to show a year-on-year increase of 2.7 billion cubic metres — an increase, …
Yarudeyskoye Field Produced 10 Million Tons of Crude Oil
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that cumulative production at the Yarudeyskoye field owned by the Company’s subsidiary Yargeo, reached a milestone of 10 million tons of crude oil production since the commencement of operations. The field’s commercial production commenced in December 2015, and by January 2016, the field …
Gazprom Board of Directors Approves Revised Investment Program and Budget for 2018
The Gazprom Board of Directors approved the revised investment program and budget (financial plan) for 2018. The key figures of the investment program did not change compared to the version approved by the Gazprom Management Committee in September this year. Pursuant to the revised investment program for 2018, the overall amount of investments will stand at RUB 1,496.328 billion, which is RUB 217.498 …
TurkStream gas pipeline’s offshore section 95 per cent completed
The Gazprom Board of Directors commended the efforts of the Company to implement its major investment projects. The Company continues to pursue the extensive Eastern Gas Program and to build facilities associated with supplying gas to domestic consumers and to China. In particular, 127 producing gas wells were drilled at the Chayandinskoye field, the linchpin of the Yakutia gas production center. Also underway is the installation of the …
Gazprom Actively Implementing Occupational Standards
The Gazprom Board of Directors took note of the information about the implementation of occupational standards at the Company, its subsidiaries and organizations. It was mentioned that highly skilled personnel was a key competitive advantage for Gazprom. The Company makes systematic efforts for human resources development, including the timely improvement of the professional skills and competencies of employees in accordance with …
Oleg Aksyutin Reelected as Gazprom Management Committee Member
The Gazprom Board of Directors held a meeting in absentia. The Board of Directors reelected Oleg Aksyutin, Head of Department, as a Member of the Gazprom Management Committee for a 5-year period starting from November 5, 2018.