NOVATEK Concludes Long-Term LNG Contract with ENGIE
OAO NOVATEK announced today that Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK, concluded a long-term contract with ENGIE (formerly GDF SUEZ) on the supply of LNG from the Yamal LNG project. The 23-year contract stipulates annual supply of one (1) million tons of LNG from the …
Turkish Stream to be Presented at the World Gas Conference
The new Turkish Stream gas pipeline project will be presented at the 26th World Gas Conference, which will take place in Paris from June 1 to 5 at the Paris expo Porte de Versailles exhibition center. At the Turkish Stream exhibition stand (Pavilion No. 1, exhibition stand F58) the forum guests will be able to get detailed information about …
Ruspetro: Delivers Breakthrough Reductions in Well Costs for Tight Formations
Ruspetro plc announces that it has completed its development well campaign in the area of Pad 23b on the Pottymsko-Inginsky licence block. The 2015 drilling campaign comprised two multi-stage fractured horizontal wells 210 (previously labelled 216) and 212, plus one deviated well (218). The Group’s average monthly oil production …
Kazakhstan: To Develop the Caspian Depression
Kazakhstan plans to form a consortium with global energy companies to explore and develop potentially huge hydrocarbon reserves in the Caspian Depression, Energy Minister Vladimir Shkolnik said on Monday. Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia, Kazakhstan for several years has touted the “Eurasia” project, …
Igor Sechin Held Talks in Egypt
On May 31, as part of his business trip, Rosneft Board Chairman Igor Sechin met Sherif Ismail, Egyptian Minister of Petroleum and Mineral Resources, and Tarek El Molla, Board Chairman of Egyptian General Petroleum Corporation (EGPC). During the meeting the parties discussed development of cooperation between Egyptian companies and Rosneft. …
Roxi Petroleum: Deep Well A5 – Unblocked and On 30 Day Well Test
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its flagship BNG together with updates on the Sale of Galaz and the proposed BOCO investment. Deep Wells Deep Well A5 The well was spudded …
Majors Call For Oil and Gas Carbon Pricing
Major oil and gas companies, BG Group plc, BP plc, Eni S.p.A., Royal Dutch Shell plc, Statoil ASA and Total SA, today announced their call to governments around the world and to the United Nations Framework Convention on Climate Change (UNFCCC) to introduce carbon pricing systems and create clear, stable, …
Rosneft Repaid Two Syndicated Loans of the Former TNK- BP Group
On May 28, Rosneft delivered a payment to the group of international banks repaying two syndicated loans which were obtained by former TNK- BP group in 2011-2012. The Chairman of Rosneft Management Board Igor Sechin said in this regard: “The Company responsibly refers to the fulfilment of liabilities to its …
Kazakhstan and Turkmenistan Agree Caspian Maritime Border
Kazakhstan and Turkmenistan have agreed to their maritime border in the Caspian Sea despite the continued lack of agreement on the legal status of the Caspian among its five littoral states. Both Kazakh and Turkmen media reported on May 26 that Turkmenistan’s parliament ratified an agreement with Kazakhstan that dated …
Ural Energy: Receives $6m Pre-Export Loan From Petraco, Secured Against Arcticneft
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that it has entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) under which Petraco will advance the sum of US$6.0 million to the …