Oil & Gas Operators

Alexey Miller, Chairman of the Gazprom Management Committee, and Sanjay Gupta, Chairman and Managing Director of Engineers India, today signed a Memorandum of Understanding on the sidelines of the 8th BRICS summit in Benaulim (Goa, India). The signing ceremony was held in the presence of Vladimir Putin, President of the Russian Federation, and Narendra Modi, Prime Minister of India. The Memorandum …

Condor Petroleum Inc. is pleased to announce that commercial oil production has commenced at the Taskuduk oilfield in Kazakhstan. The production from Taskuduk complements the Shoba commercial production which began in September. The combined flow rates from these 100% owned oilfields have exceeded an average of 600 barrels per day to …

Eni announces that the first batch of export crude oil has been shipped from the onshore processing plant of the giant Kashagan oil field. Following the successful pipelines replacement, the field has been recently re-opened. Production is expected to gradually increase up to a first level of 180,000 barrels per day, …

MOL‘s Board of Directors formally approved the company’s new long-term strategy, “MOL Group 2030 – Enter Tomorrow”, at its meeting held on 13th October 2016. The key pillars of the new strategy are the following: Strengthen and sustain MOL’s regional leadership position in CEE. MOL Group shall sustain its regional …

Gazprom Neft and state exploration company Rosgeologia have used the Geologorazvedka-2016 conference to announce the signing of a Memorandum of Cooperation on establishing a joint enterprise to conduct geological prospecting operations in the Khanty-Mansi and Yamalo-Nenets Autonomous Okrugs. Both companies will have an equal interest in the joint enterprise. Following the establishment of a legal entity, both companies plan to begin geological prospecting …

Under the Government of the Russian Federation Decree dated October 10, 2016 Rosneft carried out necessary corporate actions to prepare for and execute the acquisition of the Government’s stake in Bashneft Public Joint Stock Company representing 50.0755% of its charter capital. The Company Board of Directors unanimously approved Rosneft’s potential …

JSC KazMunaiGas Exploration Production (“KMG EP” or the Company”) is pleased to announce that following extensive work by the Company, facilitated and significantly aided by JSC National Company KazMunayGas (“NC KMG”), the Ministry of Energy and the Ministry of Finance of the Republic of Kazakhstan, a positive decision was made regarding the Company’s …

By resolution of the Board of Directors, Andrey Shishkin, Vice President of PJSC Rosneft, has been appointed President and Chairman of the Management Board of PJSOC Bashneft for five years starting from October 13, 2016. The Board of Directors has also elected the new Management Board of PJSOC Bashneft comprising …

Gazprom and major construction companies today entered into a Memorandum of Intent at the 6th St. Petersburg International Gas Forum to form the Association of Gas Construction Companies. The document was signed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Stanislav Anikeev, Director General of Stroygazconsulting, Sergey Garaev, Director General of Stroygazmontazh, and Vladimir Kartashyan, Director General of StroyTransNefteGaz, …

Messoyakhaneftegaz, a Gazprom Neft—Rosneft joint enterprise, has successfully completed construction of a unique-trajectory well at the Vostochno-Messoyakhskoye field. Well no. 380 is set at a vertical depth of 800 metres, has a horizontal deviation of 1.9 kilometres, a total drilled (measured) depth of 2.7 kilometres, and involved total penetration (drilling operations, including two pilot wells) of 4.4 kilometres. This unique well was constructed in a total 25 days, and has an actual production …