Tethys Petroleum: 2015 Results – Project Extensions, New Financing, Gas Revenues Up 98%
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2015. Corporate Highlights – 2015 – Extension of the Akkulka Exploration Contract for another four years, from March 10, 2015 to March 10, 2019; – Extension of the Kyzyloi Gas Production Contract confirmed for another 15 …
Cadogan Petroleum: Receives Approach Regarding Possible Combination with Ascent Resources
Cadogan Petroleum plc notes the announcement by Ascent Resources plc (“Ascent”) dated 24 March 2016 and confirms that it has made a highly preliminary approach regarding a possible combination with Ascent. There can be no certainty that an offer will be made or as to the terms of any offer. …
Kazakhstan: Kanat Bozumbayev Appointed as New Energy Minister
Kazakhstan named Kanat Bozumbayev, a former head of the country’s power grid, as its new energy minister on Friday, as the second-largest oil producer in the former Soviet Union faces a drop in output following a slump in crude prices. Kanat Bozumbayev, 47, replaces Vladimir Shkolnik, who oversaw a rapid …
Exillon Energy: Dmitry Margelov Promoted to CEO
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce the promotion of Dmitry Margelov from his current position as Deputy CEO to the position of CEO and member of …
LUKOIL-Komi: Increases APG Usage With New Gas Compressor Station
OOO LUKOIL-Komi (a wholly-owned subsidiary of PJSC LUKOIL) commissioned a gas compressor station (GCS) at the Kharyaginskoye field of the Nenets Autonomous Okrug. The new GCS receives the associated petroleum gas (APG) from three major fields of the Timan-Pechora oil and gas province, namely, Kharyaginskoye, Yuzhno-Shapkinskoye and Inzyreyskoye fields. Due …
Salym Petroleum Development: Launches Alkali, Surfactant and Polymer Mixing Unit
On 24 March Salym Petroleum Development (SPD) launched ASP mixing unit at the Salym group of fields. This unit is the key facility in the infrastructure of the pilot EOR project which involves injection of a three-component mixture – Alkali, Surfactant, and Polymer – into the formation. The start-up ceremony …
PetroNeft: Receives First Round of Oil India Funding to Fund Drilling Program
PetroNeft (AIM: PTR) an oil & 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 the legal documentation for the first tranche of the proposed US$35m financing for Licence 61 to be …
Gazprom and PetroVietnam Discuss Joint Projects
A Gazprom delegation headed by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, visited the Socialist Republic of Vietnam (SRV) today. Hanoi hosted a working meeting between Vitaly Markelov and Nguyen Quoc Khanh, Chairman of the Board of Directors of PetroVietnam (Vietnam Oil and Gas Group). The parties discussed …
Gazprom: Improving Investor Relationships
The Gazprom Board of Directors commended the Company’s efforts in strengthening the relationships with investors and shareholders and tasked the Management Committee to further pursue this line of action. It was noted that despite the challenging macroeconomic conditions Gazprom continued to promote the long-term and efficient cooperation with the investment …
Lukoil: Talks Offshore Zero Discharge at Baltic Sea Day Event
Today in Saint Petersburg the LUKOIL delegation took part in the discussion on maritime planning within the 17th International Environmental Forum «Baltic Sea Day». Representatives of the State Duma of the Russian Federation, the Ministry of Economic Development of the Russian Federation, international organizations such as HELCOM and the World …