Schlumberger Announces Agreement to Acquire Majority Share in Eurasia Drilling Company
Agreement extends successful long-term relationship in the conventional land drilling market Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited. Closing of the transaction is subject to approval by the Federal Antimonopoly Service of Russia (FAS). The agreement extends the successful long-term …
PetroNeft: Spins Bit at Sibkrayevskoye S-375 Well
PetroNeft an oil & 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 that it has commenced drilling the S-375 delineation well at Sibkrayevskoye. The S-375 well is being drilled on the northern …
Kazakh Tengizchevroil Plans to Cut oil Output Due to Maintenance
Tengizchevroil, Kazakhstan’s largest oil producer, plans to cut oil production by 480,000 tonnes in August and by 60,000 tonnes in October due to maintenance works, the Kazakh Energy Ministry told Reuters in emailed comments. The maintenance work will be in two phases between Aug 1 and Sept 2 as well …
Petrosibir: Pavel Tetyakov Replaces Nikolay Millionshchikov as CEO
Following Nikolay Millionshchikov’s decision to resign and in view of the particular challenges the Company is facing, the Board of Petrosibir has appointed Pavel Tetyakov as the new CEO to assume the job immediately. Pavel has worked within the oil industry since 2004, working for such successful companies as PetroKazachstan, …
Russia’s Rosneft Plans to Open Mozambique Office – Diplomat
Rosneft is preparing to open an office in Mozambique, a senior Mozambican diplomat said, a further sign that the Russian oil major is eyeing oil and gas deals in Africa. Mozambique’s Ambassador to Russia Mario Saraiva Ngwenya also told Reuters that Mozambique expected to sign by the end of the …
Rosneft: Wins the Erginskoye License
Rosneft, based on the results of the auction, obtained the right to develop Erginskoye license area of federal importance. Acquisition value amounted to 20.7 bln rubles. Rosneft offered the best price at the auction having the maximal capabilities for the synergy and the most efficient scheme of the area’s development. …
New & Old Sponsors Return for 3rd KDR
Kazakhstan’s largest well engineering forum is returning to Astana on the 21st of September and is better than ever! Don’t miss out on this must attend event, which is back and supported by JSC NC KMG and SRI PDT. Limited sponsorship and presentation positions are still available so click below …
NOVATEK Reports Preliminary Operating Data for the First Half 2017
PAO NOVATEK reported today preliminary operating data for the first half 2017. NOVATEK’s marketable hydrocarbons production totaled 252.3 million barrels of oil equivalent (boe), including 31.04 billion cubic meters (bcm) of natural gas and 5,885 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in total …
Kazakhstan Wants Gradual Exit From Oil Output Cut Deal-TASS
Kazakhstan wants a gradual exit from an OPEC-led deal on oil production curbs and a rise in output one or two months after its expiry, Kazakh Energy Minister Kanat Bozumbayev told Russia’s TASS news agency on Sunday. The Organization of the Petroleum Exporting Countries and other producers, including Russia and …
Russia Offers Saudis A Part In Arctic LNG Project
Russia has extended an invitation to Saudi Arabia’s oil giant Saudi Aramco to participate in the Arctic LNG-2 project, Russia’s Energy Minister Alexander Novak told Reuters in an interview on Thursday. Cooperation between the two countries that are leading respectively the OPEC and non-OPEC nations into the collective crude oil production cut …