Russian Gas Exports to France Increase 32% in 11 Months
Gazprom’s delegation, led by Alexey Miller, Chairman of the Company’s Management Committee, paid a visit to France today. As part of the visit, Alexey Miller met with Jean-Pierre Jouyet, Chief of Staff of the French President and Emmanuel Macron, Minister of Economy, Industry and Digital Sector. The attending parties noted …
Roxi Petroleum: Heavy Drilling Muds Preventing Natural Oil Flows at Deep Well A5
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG asset. Deep Wells Deep Well A5 As previously announced Deep Well A5 was drilled to a depth of 4,442 meters. Unrecovered drilling …
KMG EP Approves 2016 Budget and 2016-2020 Business Plan
JSC KazMunaiGas Exploration Production announces the approval by the Board of Directors (“the Board”) of the Company’s 2016 budget and 2016-2020 business plan which assume the average annual Brent price of US$40.1 per barrel in 2016-2017, US$50.1 per barrel in 2018-2020 and an average annual exchange rate of 300 Tenge …
KMG EP: Appoints Igor Goncharov and Kurmangazy Iskaziyev to the Board
KazMunaiGas Exploration & Production held an extraordinary general meeting of its shareholders on November 26, 2015, where new members were elected to the Board of Directors. The EGM appointed Mr. Igor Goncharov, the Managing Director for Operational Production Assets – Chief Engineer at National Company KazMunaiGas and Mr. Kurmangazy Iskaziyev, …
Novatek: Launches Production at the Yarudeyskoye Field
OAO NOVATEK announced the start of commercial production at the major Yarudeyskoye oil field, which is expected to rapidly reach its planned daily production level equivalent to approximately 3.5 million tons of crude oil on an annualized basis. Thirty-six (36) production wells have been drilled and the field’s infrastructure includes …
Gazprom and E.ON Address Implementation of Nord Stream 2 Project
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Klaus Schaefer, Member of the E.ON Management Board. The parties deliberated on the cooperation issues including, among other things, gas supplies. Special attention was given to gas transmission projects. Alexey Miller and Klaus …
Statoil: Sells its 20% Stake in the Trans Adriatic Pipeline for EUR 208m
Following the divestment of its share in the Shah Deniz gas field in Azerbaijan, Statoil has agreed to sell its 20% interest in Trans Adriatic Pipeline AG to the Italian gas infrastructure company Snam SpA for a total consideration of EUR 208 million. This amount is for both Statoil’s shares …
BP: Purchases 20% of Taas-Yuryakh Neftegazodobycha LLC from Rosneft
Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on Taas-Yuryakh Neftegazodobycha LLC will continue further development of the Srednebotuobinskoye oil and gas condensate field which is …
Petrogrand and Shelton Petroleum: Transaction Time Plan Announced
Further to the shareholder approval of the agreement between Petrogrand and Shelton Petroleum, Petrogrand announces an indicative time plan for the completion of the transaction. As previously announced, extraordinary shareholders’ meetings in both Petrogrand and Shelton Petroleum on 9 November 2015 approved an agreement between the two companies. As part …
Severneftegazprom: Vladimir Dmitruk Appointed as Director General
On November 20, 2015 the Severneftegazprom Board of Directors made a decision to appoint Vladimir Dmitruk as the company’s Director General starting from November 23, 2015. Vladimir Dmitruk was born on April 15, 1970 in Kaliningrad. He graduated from Gubkin Russian State University of Oil and Gas and Tyumen State …