Oil & Gas Operators

Russia will cope with any sanctions, believes Rashid Alimov, the Secretary General of the Shanghai Cooperation Organization (SCO) told Russian reporters on Tuesday. He stressed his conviction that the policy of sanctions was doomed and, on top of that, it was wielding impact on the economies of the countries that …

The Coordinating Committee for scientific & technical cooperation and partnership between Gazprom and OMV held its first meeting in Moscow. The meeting was run by the Committee Co-Chairmen Oleg Aksyutin, Member of the Management Committee, Head of Department of Gazprom, and Johann Pleininger, Member of the Executive Board of OMV. The meeting addressed prospective joint efforts in the main …

The Gazprom Management Committee approved the Comprehensive Targeted Program of metrological support for the Company’s operations between 2017 and 2021. The Program is aimed at further improving the quality of metering Gazprom’s gas deliveries to domestic and foreign consumers. Particularly, the document stipulates measures for upgrading, reconstructing and retrofitting gas metering stations. The Program will contribute …

The Gazprom Management Committee approved the Comprehensive Targeted Program for the retrofitting, reconstruction and development of process automation control systems at the Company’s facilities between 2017 and 2021. The Program is aimed at further improving the Company’s core operations through higher levels of process automation, broader functional capabilities of process automation control systems and fewer operating …

The U.S. Geological Survey says a deposit in West Texas is the largest continuous oil and gas deposit ever discovered in the United States. On Tuesday, the USGS announced that an area known as the Wolfcamp shale contains 20 billion barrels of oil and 16 trillion cubic feet of natural gas. That …

The board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide the following update on its plans for operations in 2017: Komi operations At RK-Oil, we have completed preparations to re-enter the existing well and this should commence in Q1 2017. At …

Petrosibir has previously announced that the drilling of well #9 has been completed and that testing started in October. The tests of the Orlovsky horizon has confirmed a high reservoir quality, however, at low flow rates. Certain measures are planned to improve the productivity. Petrosibir is also going to test …

Tethys Petroleum Limited is pleased to announce that the previously announced claims against employees of the Company’s wholly owned subsidiary Tethys Aral Gas LLP (“TAG”) in Kazakhstan have been dismissed. Tethys wishes to acknowledge the assistance of the Office of the Almaty City Prosecutor in quickly reviewing the claims and …

Russian investigators said on Tuesday they had detained Economy Minister Alexei Ulyukayev in a bribery case linked to a $5 billion acquisition by state oil giant Rosneft, a surprise move that may expose fault lines in Vladimir Putin’s inner circle. Ulyukayev, a 60-year-old technocrat whose ministry has been overseeing a …

In January-October 2016, Surgutneftegas produced about 51,408.8 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 7,396.5 thousand tonnes, 5.5% up versus ten months of the last year. In January-October 2016, gas production in Surgutneftegas amounted to 8,006.3 million cubic …