Roxi Petroleum: Galaz Sale Due April 30th, Cheap Fixes on Well A5 Proving Costly
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 asset and progress on the completion of the sale of Galaz. BNG Operational Update The BNG Contract Area is located in the …
Gazprom: Shoots Seismic at Chayandinskoye
In the Chayandinskoye oil and gas condensate field in the Republic of Sakha (Yakutia), LLC “Gazprom exploration“completed extensive seismic work. Here, the company pioneered the use of high-density wide-azimuth seismic method 3D. Shortly before the end of the research in the field, journalists visited the Far East media, which shows how …
GlobalData: Rosneft Focuses on Russian Gas as Latin American Prospects Appear Limited
Despite the recent Memorandum of Understanding (MoU) between Rosneft and Golar LNG, the former’s current gas strategy is narrowly focused on developing domestic reserves and initiating Liquefied Natural Gas (LNG) projects in Russia, according to an analyst with research and consulting firm GlobalData. While the MoU can be interpreted as …
Jupiter Energy: Perforating Gun Malfunctions Causing Skin Damage and Need for Repeat Operations
The Board of Jupiter, the Kazakhstan-focused oil exploration and production company, provides the following update. KEY POINTS: • Initial testing of well 19 indicates the well has penetrated reservoirs containing hydrocarbons. • A malfunction with the perforating guns and some loss of permeability close to the well bore as a …
Eurasia Drilling and Schlumberger: Merger Update – Deal Extended to 30th April
Eurasia Drilling Company Limited announces that Schlumberger B.V. (“SLB”) and the Company are continuing to cooperate with the Russian Federal Anti-Monopoly Service (“FAS”) and the Commission on Foreign Investment in relation to the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB. …
Bashneft-Polyus and Vostok NAO sign protocols to Cooperation Agreements with the Administration of the Nenets Autonomous District
Igor Koshin, Governor of the Nenets Autonomous District, and Vladimir Nesterenko, General Director of LLC Bashneft-Polyus (a joint venture of JSOC Bashneft and OJSC Lukoil responsible for the development of the R. Trebs and A. Titov fields), have signed the Protocol to the Cooperation Agreement for 2015. In addition, today …
Rosneft: Cancels Northern Offshore’s Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Rosneft: Cancels Northern Offshore's Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Petrogrand: To Drill 6 Wells at the Dinuy-Savinoborskoe and Sosnovskoe Fields
On Thursday 26 March 2015 detailed information about the acquisition of Ripiano Holdings Limited (“Ripiano”) will be presented at the Financial Hearings event at Operaterassen, Karl XII:s torg. The presentation is available in full on Petrogrand’s website www.petrogrand.se. 10 MUSD will be invested in 3 wells in the Dinuy-Savinoborskoe oil …
Bashneft: 2014 Results – Production Up 10.8%, Cash Flow Up 28.3%
Today, Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). ‘In 2014 the Company demonstrated remarkable operating performance once again and …