Petrosibir: Production Report for June 2018
The table below summarises the average monthly / daily production in 2017 and 2018, broken down by region. 2017 2018 Average Jan Feb Mar Apr May Jun Total production Bashkiria 13 195 14 155 12 731 13 622 13 123 13 498 12 614 Komi 28 633 31 …
Caspian Oil and Gas: High Hopes for a Tough Neighborhood
Azerbaijan has long been seen as a strategic gateway to vast oil and gas resources in the Caspian region and a source of energy security for Europe but has yet to live up to its promise as a bulwark against the influence of Russia and OPEC in the region. Oil …
Alexey Miller and Dmitry Kobylkin Discuss Cooperation Between Gazprom and Russia’s Natural Resources Ministry
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Kobylkin, Minister of Natural Resources and Environment of the Russian Federation, took place in St. Petersburg today. The meeting participants reviewed current issues related to subsoil use, including improvements to the regulations governing geological exploration operations. The parties also noted the constructive nature of the …
Gazprom and Uzbekneftegaz Review Ongoing Development of Shakhpakhty Field
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Alisher Sultanov, Deputy Prime Minister of the Republic of Uzbekistan, Chairman of the Board of Directors of Uzbekneftegaz, took place in St. Petersburg today. The parties discussed the bilateral cooperation between the companies, focusing on the joint development of the Shakhpakhty field. The meeting also touched upon the …
Gazprom and PetroVietnam Discuss Progress of Joint Projects
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tran Sy Thanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), took place in Moscow today. The parties discussed a wide range of joint efforts, including geological exploration and hydrocarbon production in Vietnam, as well as the prospects of joint projects in gas-fired power generation, the use of gas as a vehicle …
LNG Carriers Are Completing the Northern Sea Route Passage
PAO NOVATEK announced that two Arc7 ice-class LNG tankers “Vladimir Rusanov” and “Eduard Toll” are completing the Northern Sea Route passage via the Eastern direction. The “Vladimir Rusanov” passed the Northern Sea Route and arrived at the Bering Strait, while the “Eduard Toll” entered open water in the Chukchi Sea. …
Vitol to Offer $650 mln more to Kazakhstan in Oil Prepayment Deal
Latest Kazakh deal could be signed next week – source New funds will raise prepayment to $2.25 bln Prepayments help traders secure supplies, lift margins By Julia Payne, Olzhas Auyezov and Gleb Gorodyankin Major European trader Vitol is set to increase its cash-for-oil deal with Kazakhstan’s state energy firm by …
BP Starts-up Landmark Shah Deniz 2 Development in Azerbaijan
BP and its partners in the Shah Deniz consortium today announced the start-up of the landmark Shah Deniz 2 gas development in Azerbaijan, including its first commercial gas delivery to Turkey. BP-operated $28 billion project starts-up on time and on budget Provides gateway for new supplies of energy into Europe …
GlobalData: BP’s acquisition of Chargemaster essential for future growth as electric vehicles set to reach 90% of all car sales by 2050
Following yesterday’s news (Thursday 28 June) that BP is acquiring Chargemaster, the largest charging infrastructure company in the UK, Harminder Singh, Director for Power at GlobalData, a leading data and analytics company, offers his views on this development: ‘‘In a significant move, BP has acquired Chargemaster, the UK’s largest electric …
Urals Energy: Okruzhnoye P1 Reserves Recalculated and Increased by 264%
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, provides an minor update to the Competent Person’s Report (“CPR”) that was recently prepared by Blackwatch Petroleum Services Limited (“Blackwatch”). The Executive Summary of the CPR was announced on 11 May 2018. The main …