Oil & Gas Operators

Gazprom Neft and 1C Company are synchronising operations in developing IT solutions for the oil industry, with Gazprom Neft Deputy CEO for Administration Kirill Kravchenko and Boris Nuraliev, President, IC Company, signing a memorandum to that end at this year’s St Petersburg International Economic Forum. The objective of this cooperation is to bring cutting-edge digital products in corporate IT architecture to the Russian market. Gazprom Neft specialists …

Gazprom Neft has signed an agreement on technological cooperation with Spain’s Repsol in the course of St. Petersburg International Economic Forum. The document was signed by Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and Luis Cabra, Upstream Executive Managing Director, Repsol. The agreement involves co-operation in research and development of new technologies in oil and gas exploration and …

France’s Total could jump onboard the Arctic LNG 2 project being planned by Russia’s largest independent natural gas producer Novatek.  The deal could be signed at an economic forum in Russia during the week, Reuters reports citing the Kremlin. The French company already partnered with Novatek on the Yamal LNG …

Russia’s Rosneft has quit Eurasia, an early-stage oil exploration project in Kazakhstan, while Shell has joined it, an executive of the Kazakh company involved in the project said on Monday. The Eurasia project focuses on exploring a geological area known as the Caspian Depression in western Kazakhstan by drilling ultra-deep …

Zoltav (AIM: ZOL), the Russia-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2017. Financial Highlights ·    Revenues from production declined, in line with expectations, by 10% to RUB 1.79 billion (USD 30.68 million) (2016: RUB 1.99 billion (USD 29.69 million))  ·     EBITDA increased …

Azerbaijan’s state oil company SOCAR registered two companies established jointly with foreign partners for the development of two new fields in the Caspian Sea, Azerbaijan’s Taxes Ministry said in a message posted on its website. The Azerbaijani branches of SOCAR Absheron, established jointly with France’s Total to develop the Absheron …

Kazakhstan aims to settle its profit-sharing dispute with energy majors developing the Karachaganak gas condensate field within a month, the energy minister said on Thursday. The former Soviet republic expects a large one-off payment from the companies and a higher share of future revenues from the development of one of …

As known, over many years one of the world giants in the field of oil related services – Parker Drilling provides drilling services for Karachaganak Petroleum Operating (KPO), developing one of the largest fields of raw hydrocarbons in Kazakhstan. In 2017 KPO announced tender for supply of drilling rigs for …

The LUKOIL Group’s average daily hydrocarbon production excluding West Qurna-2 project in the first quarter of 2018 was 2,286 thousand boe per day, which was 3.3% higher year-on-year and flat quarter-on-quarter. The growth was driven by the development of gas projects. Hydrocarbon production, thousand boe per day 1Q 2018 4Q …

LUKOIL has built an integrated geological and geophysical model of fields and exploration structures of the Denisov depression in Timan-Pechora oil and gas province. The modelling, completed with 3D seismic surveys, provides greater accuracy of structure mapping and significantly contributes to the quality of pre-drilling at prospective features. Four oil …