Oil & Gas Operators

Statoil ASA has acquired 37,101, 561 shares in Lundin Petroleum AB (publ.), corresponding to 11.93 percent of the shares and votes, at a total purchase price of approximately SEK 4.6 billion. The investment in Lundin Petroleum will increase Statoil’s indirect exposure to core assets on the Norwegian Continental Shelf (“NCS”). …

The U.S. Energy Information Administration’s, EIA; www.eia.gov new “Today in Energy” brief looks at EIA’s forecast of low oil prices during 2016 and 2017, as global oil inventories are expected to continue increasing this year and through the first half of next year. “Crude oil prices are expected to remain …

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with progress at its flagship asset BNG as follows: Shallow Wells Well 143 Well 143, which was the first of the shallow wells for 2013, was spudded on 1 April 2013, …

OAO NOVATEK reported today preliminary operating data for the fourth quarter and full year 2015. In the fourth quarter 2015, NOVATEK’s marketable production totaled 17.80 billion cubic meters (bcm) of natural gas and 2,559 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2015 marketable production …

Petrosibir’s total oil production in December 2015 amounted to 31,340 barrels, equivalent to 1,688 barrels per day. The table below summarizes the production broken down by region. Petrosibir owns 100% of the Russian company Ingeo Holding, which holds a production license in Bashkiria. Petrosibir owns 49% of the Cypriot company …

OAO NOVATEK announced today that the Yarudeyskoye oil field has reached its planned production capacity of 9,700 tons of crude oil per day, which is equivalent to approximately 3.5 million tons per annum. Twenty-four production wells are currently in operation at the field with average flow rate exceeding 400 tons …

President of Turkmenistan Gurbanguly Berdimuhamadov signed a decree, according to which it is planned to form a closed joint stock company “Türkmen Milli nebitgaz kompaniýasy” (“Turkmen National Oil and Gas Company” – NAPECCO “). According to the document, this decision serves the purpose of successful implementation of the task of …

Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also …

Condor Petroleum Inc. and Marsa Energy Inc. are pleased to announce that they have entered into an agreement (the Arrangement Agreement) that provides for the acquisition of Marsa by Condor, to create a well-capitalized company with significant exploration and development assets. The acquisition will be effected by way of a …

Rosneft and ONGC Videsh Limited signed an Agreement of Confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC “Vankorneft”. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of …