LukOIL: Produces Five Millionth Tonnes of Oil at the Yuri Korchagin Caspian Field
PJSC LUKOIL passed a 5 million tonnes (38.6 million barrels) mark in oil production at the Yuri Korchagin field in the Caspian Sea. Production at the field was launched in April 2010. Its proven oil reserves are 113 million barrels. In 2014, the field produced 1.5 million tonnes (11.3 million …
US Sanctions: Could Impact Shell’s Decision on Yuzhno-Kirinskoye and Sakhalin 3
Royal Dutch Shell’s plans to build a strategic alliance with Russia’s Gazprom could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the …
US Sanctions: Could Impact Shell's Decision on Yuzhno-Kirinskoye and Sakhalin 3
Royal Dutch Shell’s plans to build a strategic alliance with Russia’s Gazprom could be in jeopardy after the United States added one of Gazprom’s biggest gas fields to its list of Russian sanctions on Friday. Shell and Gazprom signed an agreement in June to develop a strategic alliance in the …
SPD Drilled the 1000th Well
On 9th of August 2015 Salym Petroleum Development N.V. (SPD) drilled its 1000th well on the Salym group of fields since the execution of the Salym Project began in 2003. The anniversary well, 2880 meters deep, was drilled in West Salym by SSK, one of SPD’s drilling contractors. “This is …
Gazprom: Q2 Results – Sales Down but Offset by Positive Exchange Rates
Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the three months ended March 31, 2015. The table here presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS …
Tethys Petroleum: AGR Energy Deal Off, Board Considering Further Approach from Nostrum Oil and Gas
Tethys Petroleum Limited announces that the US$47.7 million financing with AGR Energy Holdings Limited (“AGR Energy”) and related clawback of shares by Pope Asset Management, LLC (the “Financing”) will not now proceed. The Board of Tethys has separately received a further approach from Nostrum Oil & Gas PLC (“Nostrum”) regarding …
Recommended Cash Offer by Emirates National Oil Company Ltd. For the Shares in Dragon Oil plc Not Already Owned by ENOC
Delisting On 2 August 2015, ENOC announced a revision to the original Offer price to 800 pence in cash for each Dragon Oil Share, declared the Offer unconditional in all respects and stated that it intended to procure the delisting of Dragon Oil shortly. The document containing the full terms …
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 …