LUKOIL's Associated Petroleum Gas Starts Flowing to Gazprom's Sosnogorsk GPP
Associated petroleum gas produced from the northern group of fields owned by LUKOIL-Komi started flowing to the Gazprom-owned Sosnogorsk gas processing plant (GPP). APG supplies will enable the loading of available capacities of the Sosnogorsk GPP and will make it possible to utilize efficiently the growing APG production from the …
Tethys Petroleum: Receives Letter to Withdraw From Bokhtar PSC
Tethys Petroleum Limited announces that on October 11, 2015, it received a notice to withdraw from the Joint Operating Agreement and Shareholders Agreement dated June 18, 2013 relating to the Bokhtar PSC in Tajikistan (the “JOA”) and the underlying PSC (the “Contract”) from CNPC Central Asia B.V. (“CNPC”) and Total …
Tethys: Fails to Make Bokhtar Operating Cash Call
Tethys Petroleum Limited announces that it has not made the payment for the September cash call issued by the Bokhtar Operating Company (the “September Cash Call”) in connection with Tethys’ interest in the Bokhtar PSC in Tajikistan (the “Tajik Asset”). As a result, Tethys remains in default of its obligations …
Tethys Petroleum: Clarifies Olisol Discussions
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group (“Olisol”) on October 9, 2015 regarding a non-binding proposal submitted to the Company along with suggestions that Tethys has not engaged with Olisol or considered Olisol’s proposal. The Tethys Board disagrees with much of the content in the Olisol …
Rosneft Drills a Record-breaking Well in Venezuela – Depth 347m Horizontal Section 1,500m
Rosneft, as part of a PetroMiranda JV including PDVSA and Gazprom Neft, has drilled an unprecedented horizontal well GG1-14 at the Junin-6 block. The well is unique for the shallow depth, only 1,140 feet or about 347 meters, of the reservoir interval and the length of horizontal section 4,920 feet …
Gazprom and BASF/Wintershall – 25 Years of Fruitful Cooperation
The town of Lomonosov (Leningrad Region) hosted today a ceremony dedicated to the 25th anniversary of the cooperation between Gazprom and BASF/Wintershall. “25 years is a relatively short period of time. But together with our German partners we’ve managed to achieve quite a lot during these 25 years. We began …
Petrogrand: Drilling Tender Out for Sosnovskoye, Plus Dinyu-Savinoborskoye Update
Following the completion of the Ripiano transaction in April 2015, whereby Petrogrand acquired an indirect 49% interest in three oil producing fields in the Komi region of Russia, Petrogrand’s new management team has finalized the forward heading operational plan for maximizing the value of all Ripiano’s production fields. Since the …
Novatek: Q 3 Results – Combined Liquids Production Up 53%
OAO NOVATEK reported today preliminary operating data for the third quarter and nine months 2015. In the third quarter 2015, NOVATEK’s marketable production totaled 17.06 billion cubic meters (bcm) of natural gas and 2,346 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas …
Condor Petroleum: Well KN-501 Reaches Total Depth with No Commercial Hydrocarbons
Condor Petroleum Inc. has reached a total depth of 3,992 meters on the KN-501 Primary Basin well located on the Company’s 100% owned Zharkamys West 1 Territory in Kazakhstan. Numerous gas shows were encountered while drilling the main hole section from 3,530 meters to TD, although no commercial hydrocarbon reservoirs …
Eurasia Drilling Company: Reviewing Offer to Take the Firm Private
Eurasia Drilling Company Limited announces that it has received an offer for a potential merger with the intention to take the Company private (the “Merger Proposal”). The Board of Directors received the Merger Proposal from certain management and core shareholders this morning which included an offer consideration of US$10.00 per …