Rosneft and the Ministry of Foreign Affairs Signed an Agreement of Cooperation
Rosneft and the Ministry of Foreign Affairs of the Russian Federation signed an Agreement of cooperation. The document was signed by Rosneft Chairman of the Management board Igor Sechin and the Minister of foreign affairs of Russia Sergey Lavrov. The agreement will allow boosting the level of coordination between Rosneft, …
KazMunaiGas Exploration Production: 9M Results – Production Slightly Up
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2015. KMG EP produced 9,245 thousand tonnes of crude oil (251kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), which is 0.3% more than in the same period of 2014. Ozenmunaigas …
Exillon Energy: Produces Unaudited 15,660 bbl/d in September
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of September 2015 (“the Period”). · Our average daily production[1] was 15,660 bbl/day during the …
Gazprom: Discusses Sakhalin II Project Development with Mitsubishi
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Ken Kobayashi, President and CEO of Mitsubishi Corporation. The parties addressed the partnership development within the Sakhalin II project as well as the construction of the third process train at the LNG plant.
Gazprom: Increases Yearly Investment Spending
The Gazprom Board of Directors approved the adjusted Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015. According to the adjusted Investment Program for 2015, the total amount of investments will account for RUB 1 trillion 043.04 billion, showing a RUB 238.69 billion increase versus the Investment Program approved in December 2014. At the same time, the amount …
Gazprom: Boosting LNG Sales – 17% yoy Increase in Sales
The Gazprom Board of Directors took notice of the information regarding the implementation of the strategy for production and supply of liquefied natural gas (LNG). Among the crucial factors determining the current status of the LNG market were highlighted the following: further growth of demand at promising markets of China, India and Southeastern Asia as well as the emergence of new …
Platts: Russia’s North Pole and Arctic Limits
Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …
Platts: Russia's North Pole and Arctic Limits
Calling the oil resources of the Arctic vast is a bit like calling the weather there chilly. It is understandable why a nation would want to claim as much of it as possible. Yet the challenges to harvesting its wealth are also vast, which makes Russia’s move to owning a …
MSU Microbiologists Identify 100 Oil Decomposing Microorganisms Suitable for Use in Northern Seas
Under a contract with Rosneft to create a microbial medication for northern seas signed in 2014, scientists of Moscow State University’s biological faculty have identified about 100 microorganisms able to decompose oil and petroleum products at low temperatures including below zero ones. Over one year, more than 250 samples of …
Big Plans for the Caspian
Russia and Kazakhstan have big plans on joint oil production in the Caspian Sea, RIA Novosti quoted Russia’s President Vladimir Putin as saying Oct. 15. Putin made the remarks after talks with Kazakhstan’s President Nursultan Nazarbayev. He noted that Kazakhstan’s oil goes to foreign markets through the territory of Russia. …