KDR 2015 – Weatherford Confirms Silver Event Sponsor
TMG is proud to announce that Weatherford Kazakhstan is a Silver Event Sponsor for the 1st KDR, Kazakh Drilling Roundtable, taking place in Astana on the 17th September 2015. With the second largest oil production among the former Soviet Republics after Russia, Kazakhstan is at the forefront of the oil and gas sector in …
EIA: Russia – Largest Producer of Crude and Lease Condensate
Russia is the world’s largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas, after the United States. Hydrocarbons play a large role in the Russian economy, as revenue from oil and natural gas production and exports accounts for more than half of Russia’s …
Integra-Services: Wins Prirazlomnaya Completion Contract
Integra-Services LLC affiliated to the Integra Group became the winner of a selection to render services on well construction at the Pechora Sea shelf zone. Within the framework of the contract to be concluded, Integra-Services LLC will perform works on casing and liners cementing, and will install cement plugs on …
RN-Severnaya Neft: Starts Oil Production at the Labaganskoye Field
RN-Severnaya Neft, a Rosneft subsidiary, began commercial oil production at the Labaganskoye field. 3D CDP (Common Depth Point) seismic prospecting was performed in the area, appraisal wells were drilled. An extensive work was also completed to prepare for development drilling – the properties of oil and reservoir rocks that generated …
Gazprom: To work with BASF Nord Stream II Project
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Hans-Ulrich Engel, Member of the BASF Board of Executive Directors signed in Berlin today a Memorandum of Intent stipulating the cooperation within the project for constructing the Nord Stream II gas pipeline. The document reflects the parties’ intents to implement …
ENOC: Up Dragon Oil Offer to 800 pence
Commenting on the revision to the Original Offer on behalf of ENOC, Saif Al Falasi, Group Chief Executive said: “We are pleased to have the support of the required majority of Dragon Oil Shareholders for our revised offer of 800 pence; including the two largest minority shareholders – Baillie Gifford …
Rosneft Statement on the Inclusion of the Company’s Subsidiaries in the Sectoral Sanction List of OFAC
Formal inclusion of some Rosneft subsidiaries in the list of entities that fall under sectoral sanctions is indicative of the ongoing illegitimate practice when the effects of political decisions are being extended to market players not influencing the decision-making. The subsidiaries on the List are financially stable and have sufficient …
Shtokman: Returns to All Russian Ownership
French company Total’s failed adventure in the Barents Sea comes to end as Gazprom buys its 25 percent stake in the Shtokman Development AG. Total and Gazprom during the recent St.Petersburg Economic Forum agreed that the latter would buy the former’s stake in the development company. With the deal, the …
Fourth Meeting of the OPEC-Russia Energy Dialogue
The fourth High Level Meeting of the OPEC-Russia Energy Dialogue was held on 30 July 2015 in Moscow. The Meeting was chaired by the Minister of Energy of the Russian Federation, Alexander Novak, and the Secretary General of OPEC, Abdalla Salem El-Badri. The meeting was attended by senior executives of …
Rosneft Files Joint Bid with ExxonMobil for Mozambique License Round
RN-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore Limited filed joint bids to participate in the fifth license round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). The global partnership of the companies is of a strategic nature. Rosneft and ExxonMobil …