Tethys Petroleum: Extends Current Exclusivity Period with AGR Energy Limited
Tethys Petroleum Limited is pleased to announce that it has agreed to extend the current exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”) until midnight Tuesday June 30th, 2015. Previously Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate a …
ENI: Completes Kazakhstan’s Isatay Block Deal
The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …
ENI: Completes Kazakhstan's Isatay Block Deal
The Chairman of KazMunayGas’ (KMG) Management Board, Sauat Mynbayev, and Eni’s CEO, Claudio Descalzi, finalized today, in the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, an agreement that defines the commercial terms of the transfer to Eni of 50% …
Rosneft: Q1 2015 Financial and Operating Results
The Q1 2015 was characterized by drastically adverse influence of macroeconomic factors on activities of the Company: a record decrease in oil prices in USD terms by 30% was not sufficiently compensated by depreciation of rouble, demonstrating high volatility. As a result the market rouble cost of crude oil barrel …
Beyond Oil and Gas: Kazakhstan Bets its Future on Reform
Recent events in Ukraine and Russia’s anti-Western rhetoric and military posture force European energy consumers to look for alternatives for Russian hydrocarbons. One of the possible suppliers of both oil and gas could be Kazakhstan, which boasts the largest hydrocarbon resources in the oil-rich Caspian basin. Kazakhstan is among the …
Putin: Ukrainian Gas Discount Not Possible
President Vladimir Putin said on Wednesday Russia could not provide Ukraine with the gas price discount it once had, days before Russia, Ukraine and the European Union will meet for another round of gas talks. Putin told a government meeting that the gas price for Ukraine should be in line …
Roxi Petroleum: Grants Three Year BNG License Extension
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the licence for its flagship BNG Contract Area has been successfully renewed for a further period of 3 years ending on 7 June 2018. The main focus of activity during the period …
Turkey issues permit on surveys for Turkish Stream
Turkey has issued a permit on engineering surveys for the offshore section of Turkish Stream. The document stipulates that investigations will be carried out within the exclusive economic zone and territorial waters of Turkey in order to place the first offshore string of the gas pipeline. The offshore section of Turkish Stream will consist of four strings, each with a throughput …
Cadogan Petroleum: Bertrand des Pallieres Steps Down as CEO
The Company announces that Mr Bertrand des Pallieres, Chief Executive Officer, has submitted his resignation as CEO to the Board of Directors in order to focus on the Company’s increasingly active oil and gas trading business. Mr des Pallieres will remain an executive director of the Company. The Company expects …
PetroNeft: Oil India Farmout Provides “Strong Industry Partner”
PetroNeft (AIM: PTR) owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its final results for the year ended 31 December 2014. In addition, PetroNeft announces that the Company’s Annual Report and Accounts for the year ended 31 December 2014 and Notice of …