Oil & Gas Operators

Kazakh President Nursultan Nazarbayev recently discussed the status of energy projects in Kazakhstan, including the Karachaganak and Kashagan fields, with Chief Executive Director of the Royal Dutch Shell Ben van Berden and Chairman of the Board of Directors and Chief Executive Officer of Chevron John Watson. Van Buren noted that …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces that its Board of Directors (“the Board”) has approved the Company’s 2018 budget and 2018-2022 business plan. KMG EP’s Independent Directors abstained from voting on approval of the 2018 budget and 2018-2022 business plan. The budget for 2018 assumes a …

OMV, the international integrated oil and gas company based in Vienna, has completed the acquisition of a 24.99% share in the Yuzhno Russkoye natural gas field located in Western Siberia from Uniper SE following fulfillment of all closing conditions including regulatory and co-shareholder approvals. The purchase price paid by OMV …

PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2017 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q​ 2017 2Q 2017  (bln RUB) 9M 2017 9M 2016 1,483.5 1,359.2 Sales 4,274.3 3,826.1 221.1 179.0 EBITDA 607.8 547.5 …

Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2017. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months …

OAO Yamal LNG (“Yamal LNG”) was granted State permission to commission the main technological facilities of the LNG plant’s first stage, including the first liquefaction train, 58 gas wells and the respective infrastructure. Evgeniy Kot, General Director, Yamal LNG, stated: “Obtaining permission to commission the first LNG train is the cumulative …

Kazakhstan hopes to settle a dispute with global energy companies developing the Karachaganak gas condensate field in the coming weeks, Energy Minister Kanat Bozumbayev told reporters on Monday, reported Reuters. “I hope that before the end of this year we and the (Karachaganak) shareholders… will invite you to a table …

Caspian Sunrise the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of progress its Deep Well A5 at its flagship BNG Contract Area. Background Caspian Sunrise has a 99% interest in the BNG Contract Area, which is located in …

PAO NOVATEK announced today the acquisition of Severneft-Urengoy from EuroChem, a leading global fertilizer company. Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure. The license contains estimated hydrocarbon …

TATNEFT, Gazprom Neft and Zarubezhneft have signed a cooperation memorandum on in the field of developштп competencies required for the implementation of exceptionally challenging projects for the development of carbonate reservoirs. Rais Khisamov, Deputy General Director – Chief Geologist of TATNEFT, Alexander Dyukov, Chairman of the Board of Gazprom Neft, …