The 1st KDR, Kazakh Drilling Roundtable, will now take place on the Thursday 17th September
Through consultation with our partners at JSC NC KazMunayGas, and to ensure the attendance of all of the key delegates at the KDR, we have moved the date from the 15th September to the 17th September. Have you ensured that you attending the most anticipated drilling event in Kazakhstan? Please …
Rosneft and EGPC Agreed on the Term Sheet of Oil Products and LPG Future Supplies
Rosneft Chairman of the Management Board Igor Sechin and Egyptian General Petroleum Corporation (EGPC) General Director Tarek El-Molla signed a Term Sheet for prospective supplies of oil products and liquefied petroleum gas (LPG) delivered by Rosneft to the Egyptian company. The document, signed in continuation of agreements reached at the …
Rosneft and EGAS Agreed on the Term Sheet of LNG Supplies
Rosneft Chairman of the Management Board Igor Sechin and Egyptian Natural Gas Holding Company (EGAS) Chairman Khaled Abd El Badee signed a Term Sheet for Rosneft future supplies of liquefied natural gas (LNG) to the Egyptian company. The document defines key terms of the future cooperation between the companies in …
Rosneft Brazil: Receives ANP Solimoes Project Transaction Approvals
Rosneft Brasil (Rosneft subsidiary) and PetroRio received approval by the Brazilian National Petroleum, Natural Gas and Biofuels Agency (ANP) for the Rosneft Brasil transaction to acquire additional 55% in the Solimoes project. Under the agreement the final completion date of the purchase and transaction shall be agreed between PetroRio and …
Max Petroleum: Sberbank Supplies Debt Relief – 6 Month Holiday on Principle and Interest Payments
Max Petroleum announces that Sberbank has unconditionally granted a six month standstill on all principal and interest payments due under the Company’s c.US$80 million loan through to 14 December 2015. In addition, the Company has accrued US$3.8 million of interest as of 30 June 2015. Interest will continue to accrue …
BP to Settle Federal, State and Local Deepwater Horizon Claims for up to $18.7 Billion With Payments to be Spread Over 18 Years
The Disclosure and Transparency Rules (“DTR”) made by the Financial Conduct Authority govern amongst other matters the disclosure of inside information. Accordingly in compliance with Rule 2.2, BP plc makes the following announcement Five years on from the Deepwater Horizon accident and spill in 2010, BP has reached agreements in …
KMG: Selling 50% of Kashagan to Samruk-Kazyna To Raise $4.7bn and Reduce Debts
Kazakh state oil company KazMunayGas (KMG) said on Wednesday it plans to sell 50 percent of its stake in the Kashagan oilfield to the sovereign wealth fund Samruk-Kazyna and use the proceeds to reduce its debt. KMG holds 16.81 percent in an international consortium which develops Kashagan in the Caspian …
KMG EP: Confirms KBM Contract Extension
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) is pleased to announce that an addendum has been signed to extend the contract for the production of raw hydrocarbons at Karazhanbas oil and gas field of Mangystau Province to the 7th of June 2035. The addendum to Contract No.60 dated 23 …
KBM: Granted 15 Year Extension on the Karazhanbas Oilfield
KBM has been granted an extension of its subsurface use contract to explore, develop, produce and sell oil from the Karazhanbas oilfield for a further period of 15 years commencing from its original expiry date in 2020 by the relevant governmental and regulatory authorities in Kazakhstan. Extension of Subsurface Use …
Naftogaz Suspends Gas Purchases from Gazprom Starting from 1 July Until Supply Conditions Are Agreed
Naftogaz suspends purchases of natural gas from Gazprom starting from July 1, given the expiration of the 2nd quarter terms package and the absence of agreed supply conditions for the upcoming periods. The delivery of Russian gas via Ukraine to Gazprom’s clients in the EU and Turkey will continue in …