Oil & Gas Operators

In January-September of 2017, Tengizchevroil LLP produced 21.4 million tons of oil at the Tengiz field. During this period, in 2016, 20.3 million tons of oil (160 million barrels) were produced. “In 2008, TCO completed the project for the injection of crude gas and the second-generation plant, resulting in a …

A number of documents were signed in Tehran on the margins of the visit to the Islamic Republic of Iran by Russian President Vladimir Putin. The documents are aimed at fostering Russian-Iranian cooperation in the gas sector. Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Amir Hossein Zamaninia, Iran’s Deputy Minister of Petroleum, signed a Memorandum of Understanding for strategic cooperation. In accordance with …

PAO NOVATEK announced a significant increase in reserves of natural gas, gas condensate and crude oil as a result of exploration works performed in 2017 at the Kharbeyskoye field located in the Tazovskiy District of the Yamal-Nenets Autonomous Region. Upon testing of the exploration well #305, a flow of oil …

The Russia-China Investment Fund (RCIF) leads a consortium that will acquire a 16.1 percent stake in Russia’s Eurasia Drilling Company (EDC), a Russian fund involved said. RCIF involves the Russian Direct Investment Fund (RDIF) and China Investment Corporation. The consortium also includes funds from the Middle East whose names have …

During the visit of the Russian President Vladimir Putin to the Islamic Republic of Iran Rosneft Oil Company and National Iranian Oil Company signed the “Road Map and Key Terms of Strategic Cooperation in the Field of Oil and Gas”. This document confirms the parties high level of interest in …

the Gazprom Neft Board of Directors has reviewed information on priority projects and tools for technological development in exploration and production. Managing innovation within the Upstream Division has, since 2014, been based around Gazprom Neft’s Technology Strategy. Eighty-four projects are currently being implemented under this strategy, across nine technological areas, including enhanced oil recovery …

Russian company Novatek signed an agreement on strategic cooperation with China National Petroleum Corporation (CNPC). In addition, Novatek and the China Development Bank have signed a memorandum of understanding on broad cooperation. Following the results of Russian-Chinese intergovernmental negotiations, a framework loan agreement was signed between Vnesheconombank and the Export-Import …

Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following operational updates:  Tanker loading The loading of the second annual tanker shipment for export from Arcticneft on Kolguyev Island has been successfully completed. The tanker has been loaded with 23,951 …

MarketLine’s latest market report: ‘Global Oil & Gas’ reveals a declining market trend in 2016 as the price of crude oil pushed down profits of the major players. Overall the global oil & gas market saw its value fall from $1,395.7 billion in 2015 to $1,205.6 billion in 2016. Commenting …

Caspian Sunrise PLC (AIM:CASP) (“Caspian Sunrise”), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of the extension of its licence at its flagship BNG Contract Area. BNG licence renewal Caspian Sunrise has a 99% interest in the BNG …