Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing
“Gazprom Neft-Khantos” completed the first two test wells drilled in the south licensed the Ob field to explore reserves Bazhenov horizon. Both directional wells conducted hydraulic fracturing (HF), a flow of hydrocarbons in the near future will be completed testing of two similar wells. “Gazprom Neft-Khantos” many years develops traditional …
LUKOIL: Sends Official Letter to the Ukrainian Security Service
The OAO LUKOIL Press Service announces that the company has sent an official letter to the Ukrainian Security Service’s Main Investigation Department laying out LUKOIL position as regards the current situation around its operations in Ukrainian territory. The letter says, among other things, that LUKOIL entered the international arena more …
KazMunaiGas Announces Operating Results for 2014
KazMunaiGas Exploration Production today announces its full year operating results for 2014. Overall, in 2014 KMG EP, including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), produced 12,328 thousand tonnes of crude oil (250kbopd), which is 60,000 tonnes (less than 1%) lower compared to 2013. Ozenmunaigas JSC …
Volga Gas: Not For Sale – Market Conditions Force Rethink
Conclusion of Formal Sale Process Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Board to represent a fair value for the Company. In light …
Petrogrand and Shelton Petroleum Fail to Solve Cross Company Ownership
An Extraordinary General Meeting of the shareholders in Petrogrand was held earlier today. The EGM was convened by the Board of Directors of Petrogrand for purposes of resolving on a proposed agreement with Shelton Petroleum AB to dissolve the cross-ownership between the companies. Despite the news that an Extraordinary General Meeting …
Construction Projects Implementation Department of Tatneft Summed up Results of Operation in 2014
The JSC TATNEFT’s Construction Projects Implementation Department (URPS) summed up the results of the production plans and workforce’s collective agreement implementation for 2014. The URPS supervised the projects related to the continued construction of the TANECO Complex, reconstruction of the “Nizhnekamsk CHP” and development of Ashalchinskoye extra-viscous oil deposits. The …
Tethys Petroleum: Extends Kyzyloi Gas Production Contract for 15 Years
Tethys Petroleum Limited today announced that its wholly-owned Kazakh subsidiary, TethysAralGaz LLP, has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Kyzyloi Gas Production Contract for another 15 years, from June 14, 2014 to December 31, 2029. The Ministry of Energy has granted …
Tethys Petroleum: Cost Reduction Program
Tethys Petroleum Limited is pleased to provided a further update to our shareholders. The Board and Executive Management believe that good progress has been made since the recent Board changes. Key achievements: Agreement to restructure Georgian project Substantial Corporate G&A and Kazakhstan cost reductions New US$6 million loan financing Extension of …
Exillon Energy: Produced an Average of 17,558 bbl/day in December
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 December 2014 (“the Period”). · Our average daily production[1] was 17,558 bbl/day during the …
Rosneft Launched Pilot Operations at the Severo-Danilovskoe Oil and Gas Condensate Field
Rosneft launched pilot operation at the Severo-Danilovskoe field located within the Danilovsky license area in the north of Irkutsk Region. The field is operated by public joint-stock company Verkhnechonskneftegaz, part of the Rosneft Group. The pilot operation phase will last three years during which three wells will be flow-tested. At …