KazMunaiGas Exploration Production: CAPEX Up 12% in 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting. During the meeting, the Board recommended a dividend payment on 2016 earnings, approved the revision of the 2017 capital expenditure plan and approved increase of processing fees starting from 1 April 2017. …
RK-Oil: Spuds First Exploratory Well
The Board of Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to provide the following RK-Oil update. Komi Republic The Company has spudded its first exploratory well on the licence held by RK-Oil, its wholly owned subsidiary which was acquired in November 2015. The …
RN-Uvatneftegaz: Launches New Power Plant at the Ust-Tegusskoe field
A new gas engine power plant (GEPP) of temporary power supply was launched at the Ust-Tegusskoe field that is being developed by RN-Uvatneftegaz. The power plant will allow to increase capacity of the Uvat project Eastern Development Centre and to ensure steady power supply of the oil and gas production …
RDCR 2017: Have you Registered for Russia’s Largest Drilling and Completions Forum? Time is Running Out, 9 Days To Go!!
That’s right, only 9 days remain to Russia’s largest pure drilling and completions focused event! With limited delegate tickets and only one speaking position remaining, these last few slots will be SOLD OUT very shortly. Make sure you are not left out in the cold tundra and click on the …
Rosneft: Spins Bit at Tsentralno-Olginskaya-1 in the Northernmost Russian Arctic Shelf
Rosneft started drilling of the Tsentralno-Olginskaya-1 well at the Khatangsky license area. The well is the northernmost at the Russian Arctic shelf. President of Russia Vladimir Putin launched exploration drilling via video link-up with Rosneft Chief Executive Officer Igor Sechin who was on the shore of the Khatanga bay. In …
Tethys Petroleum: 2016 Results and Outlook
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2016. Corporate Highlights – 2016 Conversion of USD6.3m of loans by Olisol Petroleum Limited (together with Olisol Investments Limited “Olisol”) into ordinary shares of Tethys at USD0.10 per share; Binding Amended and Restated Investment Agreement entered …
Petroneft: Well S-374 Proves Disappointing, India Oil To Finance S-375
PetroNeft an oil and 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 reached agreement with Oil India, its partner on License 61, for the 2017 work programme. Following the disappointing result …
Rosneft and Lamor Corporation Agree on Cooperation in Russian Spill Response Equipment Manufacturing
Rosneft and the Finnish company Lamor Corporation Ab signed an Agreement on the Main Principles of Cooperation at the IV International Arctic Forum “Arctic:Territory of Dialogue” in Arkhangelsk. The companies will study the prospects of localizing the production of oil spill response (OSR) equipment and machinery for arctic region in Russia. …
Urals Energy: Drilling and Field Activity Update
The Board of Urals Energy, the independent exploration and production company with operations in Russia, is pleased to provide the following operational update: Kolguev Island Oil production in the first quarter of 2017 has been averaging approximately 1,110 bbls/day, compared with an average of approximately 1,050 bbls/day in the last …
RDCR 2017: Have you Registered for Russia’s Largest Drilling and Completions Forum?
Two Weeks to go! There are two weeks remaining for you to register Russia’s largest gathering of Drilling and Completion department heads and experts at the RDCR! REGISTER HERE LUKOIL Confirms Presentions LUKOIL have confirmed that they will present twice at the RDCR: Presentations: LUKOIL: Construction of TAML5 Offshore Multilateral …