Caspian Sunrise: 2017 1H Results – Completion of Merger, Production at 3,400 bopd
Caspian Sunrise, formerly Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its unaudited results for the six-month period ended 30 June 2017. Highlights In the period under review Corporate / Financial · Completion of the merger with Baverstock GmbH, following which we …
TatNIPIneft: Develope MGES-M Technology of for Water-Flooded Fields.
The TatNIPIneft engineering development is successfully applied for contour waterflood in case of porous and fractured terrigenous reservoirs having heterogeneous permeability in the section or in the formation structure. The technology improves the oil displacement efficiency resulting from the selective impact on the reservoir. The emulsion compositions developed by the …
Gazprom: Increases 2017 Investment Program by 217bn Rub
The Gazprom Management Committee approved the revised drafts of the investment program, budget (financial plan) and cost optimization (reduction) program for 2017. Pursuant to the revised draft of the investment program for 2017, the overall amount of the Company’s investments will stand at RUB 1,128.576 billion, which is RUB 217.341 …
SPD: Wins Yurga Black Gold Awards
On September 8 2017 the results of Yugra Black Gold Contest among oil and gas companies of Khanty-Mansi Autonomous Okrug – Yugra, coincided with Oilman Day celebration, were announced. Before the awarding ceremony SPD Chief Executive Officer Alexey Govzich attended the meeting of the government authorities and oil companies’ executives …
The Azerbaijan government and co-venturers sign amended and restated Azeri-Chirag-Deepwater Gunashli PSA
This press release is issued jointly by SOCAR and the co-venturers in the ACG PSA in Azerbaijan, including BP The Azerbaijan government and the State Oil Company of the Republic of Azerbaijan (SOCAR), together with BP, Chevron, INPEX, Statoil, ExxonMobil, TP, ITOCHU and ONGC Videsh today signed the amended and …
Icebreaker Stepan Makarov Commences Operations for Sakhalin II
On August 6, 2017, the ice-breaking production platform supply vessel named after famous Russian naval officer Vice Admiral Stepan Makarov arrived on the shores of Sakhalin Island to commence operations. Built by Arctech Helsinki Shipyard in Finland, the vessel meets the most stringent Russian and international navigation safety requirements and can be used in the adverse conditions of the …
Petrosibir: Produces 1,278 bopd in August
Petrosibir’s total oil production in August 2017 amounted to 39,620 barrels, equivalent to 1,278 barrels per day. The table below summarizes the production broken down by region and month in 2017. 2017 Jan Feb Mar Apr May Jun Jul Aug Total production Bashkiria 13 280 12 030 13 290 12 …
Schlumberger: Service Company to Operator?
The world’s largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers’ oil and gas projects – investing in the same ventures it supplies with equipment and expertise. The new business model gives Schlumberger a say in drilling decisions, oilfield management and even on …
Urals Energy: Agrees Short Term $3m USD Loan with Petraco Oil Company
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Pre-export short term loan finance arrangement On 7 September 2017, the Company entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) …
Rosneft and Statoil: Sign SevKomNeftegaz Agreement for the Development of the North Komsomolskoye Field
RN-Exploration and Production LLC, Rosneft subsidiary and Statoil Russia AS, Statoil ASA subsidiary, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNeftegaz LLC, an enterprise that will serve as a basis for a future North-Komsomolskoye joint field development. The Document was signed in elaboration …