Petrosibir AB: Interim report January – June 2018
January – June 2018 Total revenue: SEK 32 (20) million Operating result: SEK 4 (-2) million Result from equity investment SEK 7 (6) Net result: SEK 11 (4) million Earnings per share: SEK 0.36 (0.12) Stockholm, 24 August 2018 Jan-Jun 2018 2017 Total production, bbl Bashkiria Komi Total barrels Average …
CEBRA: KCBC Energy Conference – September 25th
The Canada Eurasia Russia Business Association (CERBA) would like to invite you to the Kazakhstan Canada Business Council Energy Conference to take place on Tuesday, September 25, 2018. A trade mission of 14 Canadian companies – KIOGE 2018 exhibitors(the list will be provided with the next reminder) are visiting Almaty from a range of sectors: …
Gazprom Neft: Launches Long Life Equipment for Injection Wells
The Gazprom Neft Scientific and Technical Center together with specialists from Gazpromneft-Khantos and Russian companies have developed a set of engineering solutions to create long-life injection wells. According to preliminary calculations, the service life of new equipment without repair is up to 15 years, which is 4 times higher than traditional indicators. The increase in …
Russia: In Third Place for Worldwide Oil Production
Russia in June fell to the third line in terms of oil production from 10.487 million barrels per day, losing to the United States and Saudi Arabia. This is evidenced by the data of the organization “Joint Initiative on Oil Statistics” (JODI). JODI maintains statistics on oil production since 2002. …
The Minerals Extraction Rate in the Tyumen Region was 108% in the Last 10 Years
The indicator of extraction of minerals in the Tyumen region for ten years has made 108%. This was reported in the press service of the governor of the region. The importance in the sphere of providing services in the field of mining of minerals increased to 136.7%. It should be …
H1 2018 Top Global Oil and Gas Companies Planned Projects and Capital Expenditure Outlook – Gazprom Leads Global Capex across Oil and Gas Value Chain
Gazprom, China Petrochemical Corp, and Royal Dutch Shell are the top spenders in terms of capex to be spent on planned and announced projects across oil and gas value chain by 2025. In the upstream sector, Shell leads among companies with the highest capex of US$58 billion during 2018 to …
Cadogan Petroleum: Half Yearly Report for the Six Months Ended 30 June 2018
Cadogan Petroleum plc (“Cadogan” or the “Company”) announces its unaudited results for the six months ended 30 June 2018. The first half of 2018 was LTI and TRI[1] free and normalized emissions were further reduced to 15.9 tons CO2,e/boe. Good progress has been made towards achieving ISO 14001 and ISO …
ConocoPhillips Signs $2 Billion Settlement Agreement with PDVSA on ICC Arbitration Award
ConocoPhillips announced today that it has entered into a settlement agreement with Petróleos de Venezuela, S.A., the Venezuelan state-owned oil company, to recover approximately $2 billion, the full amount awarded to ConocoPhillips by an arbitral tribunal constituted under the rules of the International Chamber of Commerce, plus interest through the …
Kazakhstan: To Ratify Convention on Legal Status of Caspian Sea in Near Future
The presidents of the five Caspian states singed the Convention on the Legal Status of the Caspian Sea at the Fifth Caspian summit held in Kazakhstan’s city of Aktau Kazakhstan plans to ratify the Convention on the Legal Status of the Caspian Sea in the near future, the Kazakh Foreign …
LUKOIL Commissions New Well Pad at West Qurna-2 Field
PJSC “LUKOIL” commissioned a new well pad M11/1A at the West Qurna-2 oil field in Iraq. The production reached 4.7-4.8 kbpd from the first two wells of the new pad, which is fully in line with the preliminary forecasts. The wells are 2.7-2.9 thousand meters deep. By the end of …