Total to Come on Board Novatek’s Arctic LNG 2 Project
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 …
Kazakhstan says Rosneft Quits and Shell Joins Kazakh Oil Project
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 Resources: Final Results for the Year Ended 31 December 2017
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 …
SOCAR Registers Two Companies to Develop New Fields in Caspian
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 …
Karachaganak: Dispute to End Shortly?
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 …
KMG Parker Drilling: JV Formed for Karachaganak Drilling and Well Operations
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 …
LUKOIL Reports 1Q 2018 Preliminary Operating Data
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: Completes Denisov Depression Models
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 …
Zoltav Resources: Strengthens Technical Team with the Additions of Yuri Krasnevsky, Andrei Zabolotnov and Vasily Fomichev
Zoltav , the Russia-focused oil and gas exploration and production company, is pleased to announce the strengthening of its technical team with the appointments of former Bashneft and TNK-BP technical executives, Yuri Krasnevsky, as Director for Geology and Field Development, Andrei Zabolotnov, as Deputy Director for Field Development, and Vasily …
Kazakhstan’s Oil Exports Hit 24 Million Tons
The volume of export of Kazakh oil since the beginning of the year amounted to 24.1 million tons. This was announced by Energy Minister Kanat Bozumbayev at a government meeting on May 15. Today the situation in the market of petroleum products is stable, there is no shortage of fuel …