Oil & Gas Operators

Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years. Saudi Crown Prince Mohammed bin Salman told Reuters that Riyadh and Moscow were considering a deal to greatly extend a short-term alliance on oil curbs …

A deal to sell a 51 percent state in Kazakh state energy company KazMunaiGas’ Romanian unit to China’s CEFC has been postponed until the end of June, KazMunaiGas told Reuters. “The deal to sell a controlling stake in Kazmunaygaz International (KMGI) to CEFC is not definitively closed due to remaining …

Tengizchevroil (TCO), Kazakhstan’s liquefied petroleum gas (LPG) producer and exporter, plans to raise propane and butane export through Russian port Taman in 2018 to 450,000 tonnes from 240,000 tonnes in 2017, traders said. TCO’s shipments of LPG through Taman port will grow in March to about 40,000 tonnes from 27,000 tonnes …

Our VectorEXAKT™ rotary steerable system (RSS) is specifically designed for high performance in vertical drilling operations by delivering higher ROP and precise directional control in vertical boreholes. This integrated drilling and measurement tool incorporates an inclination survey package within 5 ft. of the bit along with a pulser to deliver …

PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that NOVATEK Gas and Power Asia Pte. Ltd., a wholly owned subsidiary, has shipped to the Indian market its first cargo with LNG produced by the Yamal LNG project. NOVATEK’s First Deputy Chairman of the Management Board Lev Feodosyev noted: “One of …

As part of today meeting in Shanghai, Leonid Mikhelson, Chairman of the Management Board of PAO NOVATEK (“NOVATEK” and/or the “Company) and Xu Lirong, Chairman of the Board of China COSCO SHIPPING Corporation Limited (“COSCO SHIPPING”) reviewed the good cooperation record on the Yamal LNG Project and agreed to expand the …

Rosneft has completed the drilling of the first super deep exploration and appraisal well Maria-1 on the Zapadno-Chernomorskaya license area offshore the Black sea. The water depth at the drilling site reaches 2109 meters. The actual well depth is 5265 meters. Drilling this well discovered a unique carbonate structure with …

The Gazprom Board of Directors approved the Company’s ongoing efforts to improve energy efficiency and reduce greenhouse gas emissions. It was noted at the meeting that, as a result of comprehensive measures taken in 2011–2017 as part of the Energy Saving and Energy Efficiency Concept for 2011–2020, Gazprom had saved 18.9 million tons of fuel equivalent on fuel and energy resources, including 16.2 billion cubic meters of natural …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Sergey Levchenko, Governor of the Irkutsk Region, took place in Moscow today. The parties discussed ongoing and future cooperation, noting the strategic importance of the Irkutsk Region for Gazprom. The Company is shaping a major gas production center on the basis of the Kovyktinskoye field, which is unique in terms of its …

PetroNeft an oil and gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to announce the details of its 2018 work programme. Highlights Drilling of the Cheremshanskoye No. 4 (C-4) Appraisal Well in Licence 67. Continued testing at …