Oil & Gas Operators

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg today. The meeting addressed Russian gas supplies to Austria. In 2016, Gazprom exported 6.1 billion cubic meters of gas to Austria, which was 37.9 per cent higher than in 2015. The upward trend in gas demand …

South Stream Transport B.V. and Allseas Group today signed in Amsterdam a contract to build the second string of the TurkStream gas pipeline’s offshore section. The document was signed as part of the option included in the construction contract for the pipeline’s first string, which had been inked in 2016. In a similar fashion to the construction of TurkStream’s first string, Allseas plans to use Pioneering …

Messoyakhaneftegaz, a joint venture of Gazprom Neft and Rosneft, produced its millionth ton of oil at the East Messoyakha field. This rate was achieved in less than 5 months since the beginning of production at the most northern Russian oil and gas condensate  field. The result was ensured by efficient …

As part of its ongoing “Technology Strategy”, Gazprom Neft has established a programme directed at developing technologies to exploit oil reserves located below a gas cap.* Implementation of the projects within this programme will, in the long term, allow some 215 million tonnes of oil reserves to be brought into development. Total recoverable oil and gas condensate reserves at Gazprom Neft’s gas cap …

The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to announce that its subsidiary undertaking, JSC Petrosakh (“Petrosakh”), has entered into a new 24 month non-revolving CAPEX credit facility (the “Loan”) with the Sakhalin branch of OJSC Sberbank of Russia (“Sberbank”).  …

JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2016.  Revenue in 2016 was up 37% year on year and amounted to 727bn Tenge (US$2,128m1). This was largely the result of the switch to the processing scheme and 54% increase in the average …

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Zhang Gaoli, Vice Premier of the State Council of the People’s Republic of China, took place today in Beijing. The parties addressed key areas of strategic cooperation, expressing appreciation for the past and prospective collaboration between Gazprom and Chinese energy companies and financial organizations. Particular …

Oil production on Kazakhstan’s Kashagan field will grow twofold to 370,000 barrels per day, the oilfield operator North Caspian Operating Company (NCOC) told TASS. “We expect to reach oil production of 180,000 barrels per day already in coming month. Production is planned to grow to 370,000 barrels daily by the …

The East-Siberian Oil and Gas Company, a subsidiary of “Rosneft”, produced the millionth ton of oil since the beginning of the development of the Yurubcheno Tokhomskoye field – one of the largest in the Krasnoyarsk Territory. At the end of 2016, the field began outstripping the supply of oil in …

Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of January 2017 (“the Period”). ·     Our average daily production[1] was 12,069  bbl/day during the …