BP: Global Energy Outlook 2035: Growing Gas and Shifting Flows
Despite the dramatic recent weakening in global energy markets, ongoing economic expansion in Asia – particularly in China and India – will drive continued growth in the world’s demand for energy over the next 20 years. According to the new edition of the BP Energy Outlook 2035, global demand for …
Dragon Oil: 2014 Full Year Results
Dragon Oil, an international oil and gas exploration, development and production company, today announces its full-year results for the year ended 31 December 2014. These results are prepared in accordance with International Financial Reporting Standards as adopted by the European Union. KEY OPERATIONAL AND CORPORATE HIGHLIGHTS Turkmenistan Fourteen wells …
Roxi Petroleum: A5 on 30 Day Well Test Despite Set Backs
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 BNG asset, and in particular progress at its Deep Well A5. Background The BNG Contract Area is located in the west of Kazakhstan 40 …
Bashneft: Approves Board Candidates
Today, the Board of Directors of JSOC Bashneft has considered matters related to the Extraordinary General Meeting of Shareholders of the Company to be held on March 11, 2015. Based on a proposal put forward by the Federal Agency for State Property Management, the Board of Directors has nominated the …
Amsterdam District Court: Yukos Has Legitimate Compensation Claim Against Rosneft
The district court in Amsterdam has ruled the compensation claim by Yukos International, once part of Russia’s biggest oil company, is legitimate. The firm is asking Rosneft for $333 million to cover losses incurred by the arrest of its accounts in 2008. “As for the amount [of compensation – Ed.], …
Rosneft: Repays Part of Their TNK-BP Loan Early
Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. In such a manner, the overall amount paid since December 2013 totaled USD 33 bln, in full accordance with credit agreements. Within two …
C.A.T. oil AG: 2015 Order Book Takes Massive Ruble Rate Hit
C.A.T. oil AG, the provider of oil and gas field services in Russia and Kazakhstan, informs about the 2015 tendering campaign: despite the difficult macroeconomic environment in its core markets and the weak oil price the Company has successfully placed more than 90% of its fracking capacities, around 75% of …
Shelton Petroleum: Rustamovskoye Produces 12,560 Barrels in January
Shelton Petroleum’s total oil production in January 2015 amounted to 22,870 barrels, equivalent to 738 barrels per day. The table below summarizes the production broken down by oil field. Jan 2015 Jan 2014 Jan-Dec 2014 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 10,310 11,520 125,141 126,565 119,950 Rustamovskoye …
Salym Petroleum Development: Exceeded 2014 Oil Production Plan
In 2014 the total annual production from the Salym oil fields in Western Siberia, developed by Salym Petroleum Development N.V. (SPD), made 6.55 million tons (47.1 million barrels). SPD delivered annual oil production plan for 2014 ahead-of-schedule and by the year-end exceeded the planned figure by 4%. SPD production success …
SPD: Drills Record Salym Production Well
SPD set a new record drilling a 4288-meter long production well. It is the longest production well ever drilled in Salym group of oil fields. A drilling milestone was delivered on pad 56 in Vadelyp field by the drilling rig 7 of Siberian Service Company (SSK), SPD drilling contractor. “This …