Exillon Energy: Produces 16,401 bbl/day in March
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of March 2015 (“the Period”). · Our average daily production[1] was 16,401 bbl/day during the …
Petrogrand: New Board, New MD – Dmitry Zubatyuk
At the extraordinary shareholders’ meeting in Petrogrand AB (publ) held on 10 April 2015 it was resolved that the board of directors for the period until the next annual shareholders’ meeting is to consist of five ordinary members without deputy members, to replace all board members and to elect the …
Shell Buys BG Group
Royal Dutch Shell says it has agreed to buy oil and gas exploration firm BG Group in a deal that values the business at £47bn reported the BBC. The two firms say they have reached agreement on a cash and shares offer which gives investors a 50% premium on BG …
Surgutneftegas: Q1 Production Up 12%
In January-March 2015, Surgutneftegas produced 15,152.7 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled over 2,029.9 thousand tonnes, 12% up versus three months of the last year. In January-March 2015, overall gas production amounted to 2,393.2 million cubic meters. …
Rosneft Reports First Quarter Results ahead of the Geologists Day
Rosneft significantly increased the volume of geological exploration. Since the beginning of 2015, testing of four exploration wells was completed, a total of 28.5 thousand meters was drilled and the amount of Rub 10.819 bln. was invested in geological exploration operations. Nine seismic exploration projects were completed, including acquisition of …
ExxonMobil Files Tax Complaint Over Sakhalin 1
U.S. oil and gas major ExxonMobil has lodged a claim against Russia at the Stockholm arbitrage court as part of a tax dispute over its project in Russia’s far east, a spokeswoman for Russia’s Energy Ministry said on Thursday. The ministry did not provide any details of the lawsuit. Exxon …
KazMunaiGas Exploration Production: CAPEX Down 34%
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting on March 30, 2015. During the meeting the Board approved the revision of the 2015 budget and approved the meeting agenda for the Annual General Meeting of Shareholders (“AGM”) set for 19 May 2015. I. Revised 2015 budget The …
Rosneft Reaches Agreements with Yukos Partners
Rosneft and a group of its subsidiaries including Samaraneftegaz, Tomskneft and Angarsk Petrochemical Company reached a dispute disposition agreement with Yukos Finance B.V., Yukos Capital sarl, Stichting Administratiekantoor Yukos International, Stichting Administratiekantoor Financial Performance Holdings, Consolidated Nile, LP, General Nile, LLC, Yukos International (UK) B.V., Luxtona Limited, Financial Performance Holdings …
Tethys Petroleum: 2014 Results – Gas Production Doubled
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2014. Corporate Highlights – 2014 Updated Oil Resource Report for the ‘Klymene’ prospect in Kazakhstan with total Unrisked Mean Recoverable Oil Resources being estimated independently at over 400 million barrels; Drilling of a further 4 successful …
PEDEVCO: 2014 Results – Revenue Up Over 300%
PEDEVCO Corp. d/b/a Pacific Energy Development reported year-end results today with significant increases in revenues, production and reserves. Year-End 2014 Results Compared to Year-End 2013 Results: Revenue increased over 3x to $5.1 million in 2014 from $1.5 million in 2013 Total Net Production increased 4x to 73,583 BOE in 2014 from …