Jupiter Energy: Shuts In Akkar East Production Due to Low Prices
The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, provides shareholders with the following Operations Update. KEY POINTS: · Low domestic oil prices as well as low demand for feedstock by the Kazakh refineries has resulted in the decision that Jupiter will be shutting-in all oil production …
Max Petroleum: Limited Window to Achieve Refinancing but Share Price Up
The Board notes the recent price movement in the Company’s ordinary shares and confirms that there are currently no updates to the Company’s announcement of 9 February 2015. Max Petroleum continues negotiations with Sberbank regarding an appropriate debt restructuring and with AGR Energy regarding an equity investment that, together with …
Volga Gas: MET Changes Caused Temporary Production Halt as Refiners Adjusted
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, provides the following operational update. Drilling operations on VM Drilling operations are underway on the VM#3 well, which is being partially re-drilled after mechanical difficulties caused operations to be suspended late in …
Roxi: Takes Further $1m from Equity Fund
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news it has called down a further $1.0 million from the $40 million equity facility announced in January 2013 with Mr Satylganov, a Director of the Company. This brings the total …
Vladimir Krokha Appointed Director General of Gazprom Dobycha Shelf Yuzhno-Sakhalinsk
Vladimir Krokha is appointed Director General of Gazprom Dobycha Shelf Yuzhno-Sakhalinsk. Vladimir Krokha was born in the Bashkir ASSR in 1973. He graduated from Tomsk Polytechnic University in 1995, majoring in ‘oil and gas field development and operation’. He has an MBA degree. Between 1991 and 1999 – he went up the career ladder, starting from the oil and gas production operator and …
ENI: 2014 Results – yoy NET Profit down 16%
Board of Directors approved group results for the fourth quarter and the full year 2014 (unaudited). Financial highlights Record cash flow1 over the last six years: €5.37 billion for the quarter (up 69%); €15.09 billion for the full year 2014 (up 37%); Leverage decreased to 0.22 (0.25 at the end …
Rosneft: 2014 Reserve Replacement Ratio Running at 154%
Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. As to results of 2014, Rosneft confirmed its leading positions among world publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & MacNaughton …
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 …