Oil & Gas Operators

The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mr Alexei Ogarev yesterday notified the Board of Urals Energy (the “Board”) of his decision to resign from the Board with immediate effect. Mr Ogarev has informed the Board that his decision …

Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to announce the appointment, with immediate effect, of Lea Verny as a non-executive director of the Company. Ms Verny joins the board as an independent non-executive director and brings to the Company significant and high level corporate finance …

St. Petersburg hosted today the events celebrating 25 years of successful scientific and technical cooperation between Gazprom and Wintershall Holding. The parties looked back at the history of their partnership, noting the successes achieved in implementing joint scientific and technical programs for natural gas exploration, production and transportation, as well …

SC KazMunaiGas Exploration Production (‘KMG EP’ or the ‘Company’) announces that its Board of Directors (‘the Board’) has approved the Company’s 2017 budget and 2017-2021 business plan. The budget for 2017 assumes a Brent price of US$45 per barrel and an exchange rate of 360 Tenge per US dollar. The …

The Gazprom Board of Directors took note of the information about the Company’s preliminary operating results for 2016 and the projected Investment Program, budget (financial plan), and cost optimization (reduction) program for 2018–2019. The Gazprom Board of Directors also approved the Company’s Investment Program, budget (financial plan), and cost optimization (reduction) program for 2017. Pursuant to Gazprom’s …

Gazprom Neft CEO Alexander Dyukov and President of Yokogawa Electric Corporation Takashi Nishijima have signed an agreement on the establishment of an international innovation centre for automation in oil refining in St Petersburg. The agreement envisages the expansion of technological cooperation between the two companies, a new stage of which will involve the development of an innovative performance management system in oil refining. Gazprom …

Following the signing of a cooperation agreement in June 2016, Gazprom Neft and IBM have now begun implementing computer-assisted cognition (self-taught programmes) in the analysis and interpretation of well-logging data. This joint initiative in the development of innovative new software in data processing is part of Gazprom Neft’s ongoing “Technology Strategy”*. These new methodologies will allow the identification and development …

JSC KazMunaiGas Exploration & Production (“KMG EP” or Company”) held an extraordinary general meeting of its shareholders (“EGM”) on 13 December 2016. In accordance with the decisions approved at the EGM, Serik Abdenov, Vice President for Human Resources at JSC National Company KazMunayGas was elected as a new member of …

Tethys Petroleum Limited (“Tethys” or the “Company”) today announces that Intergas Central Asia (“ICA”), the Kazakh State-owned gas transportation company has notified the Company’s wholly owned subsidiary in Kazakhstan, Tethys Aral Gas LLP (“TAG”), that it intends to continue accepting gas produced by TAG under the existing gas sales contract …

Eni has agreed to sell to Rosneft a 30% participating interest in the Shourouk Concession, offshore Egypt, where the supergiant gas field Zohr is located. Eni, through its subsidiary IEOC, currently holds a 90% stake in the block following the recent dilution of 10% to BP which completion is ongoing. …