Roxi Petroleum: BNG Well A6 – Has Reached 3,700 Without Incident – TD of 5,000m
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news from our flagship BNG Asset, Deep Well A6. Deep Well A6 As previously announced Deep Well A6 was spudded in early November 2015 and is to be drilled to …
Gazprom, DEPA and Edison sign Memorandum of Understanding
Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA SA, signed today the Memorandum of Understanding on natural gas deliveries across the Black Sea from Russia via third countries to Greece and from Greece to Italy in order to establish a southern route to deliver Russian natural gas to Europe. The …
Novatek: 2015 Results – Revenues Up 32.9%
OAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2015 prepared in accordance with the International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles) FY 2015 FY 2014 Oil and gas sales 472,007 355,673 Other revenues 3,318 1,970 Total revenues …
KMG EP: 2015 Results – Profit Up Nearly 4 Fold – On Exchange Rates and Write Offs
JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2015. Net profit in 2015 was 244bn Tenge (US$1,096m[1]) compared with 47bn Tenge (US$263m) in 2014. The increase in net profit in 2015 was largely due to devaluation of the Tenge in the year, write-down …
Lukoil: Begins Exploration Activities at Vostochno-Taimyrsky Ahead of Time
PJSC LUKOIL has begun the first stage of exploration activities at the Vostochno-Taimyrsky license block in the Krasnoyarsk region ahead of time. This stage of exploration includes 2D seismic acquisition of 2,421 line kilometers and drilling of an exploration well. Seismic equipment and crews are being mobilized to the site. …
RDCR 2016: Initial Speaker Line Up
The RDCR is pleased to announce the following speakers and companies for the 4th RDCR. www.rdcr.net Rob Tinkhof – Well Engineering Manager, Salym Petroleum Development B.V Vladislav Maratovich Tenishev – Senior Manager, Komi Pilot Projects, Lukoil Julian Bamgbose – Well Services Front End Design & Planning, Salym Petroleum Development B.V …
TCO: Tengiz Field Waiting on Final Decision for 12m Ton Increase in Production
It is planned to adopt a final decision on financing the Wellhead Pressure Management Project / Future Growth Project (WPMP / FGP) of the Kazakh field Tengiz in the first half of 2016, according to the information on the results of activities of the Ministry of Energy of Kazakhstan for …
KMG EP: Reserve Audit for 2015 Shows a 15% Increase in 2P Reserves
JSC KаzМunaiGas Exploration Production (“KМG EP” or the “Company”) announces the results of the estimates of liquid hydrocarbon reserves as at 31 December 2015 performed by independent consultant DeGolyer and MacNaughton (“D&M”). According to the D&M report proved plus probable (2P) reserves of liquid hydrocarbons as at 31 December 2015 …
KazMunaiGas Exploration Production: To Increase Domestic Pricing Policy
JSC KazMunaiGas Exploration Production updates on domestic pricing for 2015 and 2016. Until 2015, the Company supplied oil to the domestic market in line with the volumes outlined in the IPO Prospectus (2006-2010: up to 1.9 million tonnes; 2011-2015: in line with volumes outlined in the Company’s business plan, which …
Gazprom and Bolivia Advancing Cooperation to New Levels
A Gazprom delegation headed by Alexey Miller, Chairman of the Gazprom Management Committee, visited today Bolivia. Tarija hosted a working meeting between Alexey Miller and Evo Morales, President of the Plurinational State of Bolivia. The parties discussed a wide range of issues relating to the ongoing and future energy cooperation. This collaboration was noted to be strategic and long-term. Another working meeting …