Tethys Petroleum: Signs MOU with PetroChina for Gas Sales Into China
Tethys Petroleum Limited is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with PetroChina International Kazakhstan Ltd (“PetroChina”) and also provide a corporate update to our shareholders. Highlights: — Updated vision and strategy announced focussed on capital discipline, the generation of cash flow from existing reserves …
NOVATEK Announces Consolidated IFRS Results for the Year Ended 31 December 2014
Total revenues grew by 20.0% year-on-year to RR 357.6 billion for the twelve months ended 31 December 2014 from RR 298.2 billion in 2013, largely due to an increase in natural gas and liquids sales volumes and prices. The start of higher value added products sales from the Ust-Luga Gas …
Gazprom Neft: Completes Testing of Priobskoye Directional Wells
Gazprom Neft has completed testing of four directional wells (drilled to investigate reserves within the Bazhenov formation) at its concession within the southern area of the Priobskoye field (Khanty Mansiysk Autonomous Region). The results obtained have allowed the resolution of the key issue underpinning the first stage of this project: confirming the existence of live oil within …
C.A.T. oil AG: Selects New Board Maurice Dijols Appointed Chairman
The Extraordinary General Meeting of C.A.T. oil AG on 25 February 2015 has elected a new Supervisory Board. The shareholders appointed the French major shareholder Maurice Dijols (63), the German counsellor Dr. Ralf Wojtek (69) and the French manager Remi Paul (48) to the Supervisory Board. The new members elected Maurice Dijols as Chairman of …
Exillon Energy: Produces 16,945 bbl/day in January
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 January 2015 (“the Period”). · Our average daily production[1] was 16,945 bbl/day during the …
Gazprom and Ukraine in Dispute Over Gas Supplies and Payment
Kiev (AFP) – Russia’s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there — and threatening supplies to the rest of Europe, The Gazprom announcement came hours ahead of a Paris meeting of the foreign …
Gazprom: Cost Saving Expected to Lead to Budget Surplus
The Gazprom Board of Directors took notice of the information about the progress with implementing the Company’s Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015. The Investment Program, Budget and Cost Reduction Program comply with the criteria approved by the Board of Directors in December 2014. In addition, Gazprom closely monitors the …
Gazprom: Looks to Expand Export Routes
The Gazprom Board of Directors approved the Company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness. It was noted that gas supply alternatives as well as enhanced reliability and safety of supplies were of primary importance to make Gazprom’s products attractive for international markets over a long term. With a view to provide stable and well-balanced supplies of Russian gas …
Jupiter Energy: Well 19 hits 85m of Net Pay
The Board of Jupiter, the Kazakhstan-focused oil exploration and production company, is pleased to provide shareholders with the following well 19 drilling update. • Well 19 has been drilled to its final depth of 3068m; mud logs and open hole wireline logs indicate hydrocarbons in the Mid Triassic horizon. • …
Nostrum Oil & Gas: Proven Reserve Replacements Ratio at 65%
Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces the results of the independent reserves audit of its licenses in north-western Kazakhstan as at 31 December 2014. Highlights from the 2014 …