Oil & Gas Operators

GE and Baker Hughes today announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The “New” Baker Hughes will be a leading equipment, technology and …

A new oilfield has been discovered at the Zapadno-Chatylkinsky license block, Yamalo-Nenets Autonomous Okrug, under licence to Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz. Drilling of three exploratory wells has revealed six independent oil deposits, with total geological reserves estimated at more than 40 million tonnes, subsequently confirmed by the State Commission on Mineral Reserves. The newly discovered field forms part …

General Electric Co. is in talks to merge its oil-and-gas business with Baker Hughes Inc.,according to people familiar with the matter, a transaction that would dramatically reshape the industrial giant. GE has approached the oil-field-services company about a deal, the people said, but details of the talks couldn’t be learned …

  Roxi is pleased to update the market with news of Deep Well A6 and Shallow well 142. Background Roxi has a 58.41% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of the Mangistau Oblast, covering …

LLC Sorovskneft (a company forming part of Bashneft Group, the controlling stake in which has recently been bought by PJSC Rosneft Oil Company) achieved the 2016 production target ahead of schedule, with oil production totalling about 1.9 million tonnes. This was achieved due to successful implementation of a programme of …

As previously announced Petrosibir commenced drilling well #9 on Ayazovskoye in Bashkiria in August. The new well is located approximately 400 meter north of the successful well #12. A target depth of 2,596 meters has been reached and the well has now been completed and oil has been found. Petrosibir …

Russia’s aviation agency says 19 people have died after a helicopter carrying oil workers crashed. The Federal Air Transport Agency says in its statement Saturday that 16 of the 19 passengers on board and all three crew members died in Friday’s crash in northern Russia. The Mi-8 helicopter was traveling …

JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting, where the Board approved a revision of the 2016 capital expenditures plan. Consequently, capital expenditures in 2016 are expected to be around 103 billion Tenge (US$286m1), which is 14.7 billion Tenge or 17% more than …

The Gazprom Board of Directors approved the adjusted Investment Program, budget (financial plan), and cost optimization (reduction) program for 2016. Pursuant to the adjusted Investment Program for 2016, the overall amount of investments will stand at RUB 853.01 billion, up RUB 11.011 billion versus the Investment Program approved in December 2015. Accordingly, the amount of long-term financial investments will …

Roxi, the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of its BNG operations and MJF Structure. Introduction Roxi is pleased to update the market with news of its initial testing at Shallow Well 141 and the preparatory work …