Tethys Petroleum: Signs Non-Binding Take Over and Financing Deal with Nostrum Oil and Gas
Tethys Petroleum Limited (“Tethys” or the “Company”) announces that Tethys and Nostrum Oil & Gas PLC (“Nostrum”) have entered into a non-binding and indicative letter of intent (the “LOI”) setting out proposed terms upon which Nostrum would acquire the entire issued and to be issued share capital of Tethys (the …
Gazprom: To Use Domestic Nano-Products On Eastern Projects
Alexey Miller, Chairman of the Gazprom Management Committee and Anatoly Chubais, Chairman of the RUSNANO Executive Board had a regular joint meeting today at the Gazprom headquarters to consider the use of innovative products at Gazprom’s industrial facilities. Attending the meeting were Members of the Gazprom Management Committee, heads of …
Eni Awarded Exploration Company of 2015 by the Petroleum Economist
Eni is winner of the Petroleum Economist Award, established in 2006 by the prestigious Petroleum Economist, as Exploration Company of the Year. During a ceremony held yesterday in London, a panel of independent experts representing all areas of the world of Energy, led by the Secretary General of OPEC Abdalla …
Gazprom and Siemens Address Prospects for Cooperation Within Nord Stream II
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Joe Kaesar, President and Chief Executive Officer of Siemens. The parties addressed the prospects for cooperation, in particular, the procurement of equipment and technologies within the Nord Stream II project. Source
Gazprom: Resumed Gas Export to Azerbaijan to Meet Growing Demand of Republic
St. Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The parties addressed issues of the bilateral cooperation in the energy sector between the two companies. The point of the …
Offshore Reserves to Account for 50% of Oil Production in Abu Dhabi by 2018, reveals ADIPEC
Offshore reserves will account for approximately 50 per cent of total oil production in Abu Dhabi by 2018 as a result of continued investments in production capacity, experts revealed yesterday. With USD 25 billion worth of investments in offshore oil projects planned by the Abu Dhabi National Oil Company (ADNOC) …
LUKOIL Produces 30 Billion Cubic Meters of Natural Gas in Uzbekistan
LUKOIL has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan. Most of this (about 85%) comes from the Khauzak-Shady field in the Bukhara Province. Commercial gas production at the Khauzak-Shady field started in November 2007. In 2011, the West Shady site was put …
Xodus wins TCO vibration contracts in Kazakhstan
Xodus Group has been awarded two contracts with TengizChevrOil (TCO) for acoustic induced vibration fatigue assessments of its Tengiz complex in Kazakhstan. The first contract will see Xodus deliver screening assessments for the relief systems on a new high pressure steam plant, and could expand to include detailed finite element …
Exillon Energy: Produces 15,926 unaudited bbl/day in August
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 August 2015 (“the Period”). · Our average daily production[1] was 15,926 bbl/day during the …
Max Petroleum: Share Trading Suspended
Max Petroleum‘s circular to Shareholders dated 13 August 2015 noted that, as a result of the uncertainty surrounding the Company’s financial position, its ordinary shares have been suspended from trading on AIM since 2 March 2015. Max Petroleum and AGR Energy continue to work to satisfy all relevant conditions for …