Caspian Energy: Aral Petroleum Capital Appoint Zhaik Zhexembayev as General Director
Caspian Energy Inc. is pleased to announce the appointment of Zhaik Zhexembayev as the new General Director of Caspian’s wholly-owned subsidiary, Aral Petroleum Capital LLP (“Aral” or “the Company”), effective immediately. The appointment of Mr. Zhexembayev, which remains subject to approval by the NEX, follows the resignation of Erbolat Kulumbetov, …
Gazpromneft Orenburg: Uses Viscoelastic Diverting Acid In Conjunction with Multi Stage Frac
Gazprom Neft has undertaken multi-stage fracking in the eastern part of the Orenburg oil and gas condensate field (under development by Gazprom Neft Orenburg) using multi-stage fracking* combined with the use of a special component known as viscoelastic diverting acid — the first company in Russia’s oil and gas industry …
LUKOIL: Produces the 500,000th Ton at the Imilor-Istochny License Area
PJSC “LUKOIL” has produced half a millionth ton at Imilor-Istochny License Area in Western Siberia – a major milestone, considered that only a year and a half passed since pilot production had commenced. LUKOIL is active with geological exploration and retests wells of state fund, slating commissioning of over 40 …
Yamal LNG: Signs 3.6bn Euro Loan Agreements with Sberbank and Gazprombank
OAO Yamal LNG (“Yamal LNG”) announced the signing of an agreement with Sberbank and Gazprombank on a 15-year credit line facility for the total amount of EUR 3.6 billion at EURIBOR 6M plus 4.7% annual interest rate. The agreement signed with the Russian banks is part of the project financing …
RN Vankor: Starts Drilling Operations at Tagulskoye
RN Vankor, a Rosneft subsidiary, started operational drilling at the Tagulskoye field. By the end of the year four production wells and one injection well are planned to be completed by drilling at the well pad №5. Drilling is being conducted using horizontal and directional methods in the reservoir of …
Roxi Petroleum: Well 143 Producing at 623 bopd – Deep Well A5 Still Encountering Some Heavy Fluid Issues
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of its flagship BNG asset. Shallow Wells Recent activity at our shallow wells has been focused on Well 143, which is currently producing at the rate of 623 bopd …
Petroneft: Statement and Recommendations on the Extraordinary General Meeting Called by Natlata Partners
Dear PetroNeft Shareholders, As you may be aware, your Board has received a notice requisitioning an extraordinary general meeting (EGM) of the Company from a single shareholder, Natlata Partners Limited (“Natlata”) a company registered under the laws of the British Virgin Islands. The EGM will be held at 11:00 AM …
Novatek: Q1 Results – Combined Liquid Production Up 61.1% yoy
OAO NOVATEK reported today preliminary operating data for the first quarter 2016. NOVATEK’s marketable production totaled 17.24 billion cubic meters (bcm) of natural gas and 3,208 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas production by 1.09 bcm, or by 6.7%, and …
LUKOIL-Kaliningradmorneft: Awarded D29 and D41 Baltic Sea Blocks
In accordance with Directive of the Russian Federation Government OOO “LUKOIL-Kaliningradmorneft” (a 100% subsidiary of PJSC “LUKOIL”) was granted the right to use a subsoil block of federal significance which includes D29 and D41 oil fields located in the Baltic Sea for the purpose of hydrocarbon exploration and production. The …
Halliburton and Baker Hughes: To Fight DOJ Block of the Merger
Halliburton Company and Baker Hughes Incorporated today announced that the companies intend to vigorously contest the U.S. Department of Justice’s (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and that its action is counterproductive, …