Rosneft Head Igor Sechin Completes Working Visit to Venezuela
On January 29-30, Igor Sechin, President and Chairman of the Management Board at Rosneft, led a Russian delegation comprising representatives from INTER RAO UES, RusHydro, Uralmash NGO Holding and Kamaz, as well as Russian bankers and businessmen, on a working visit to Venezuela. The head of Rosneft held talks with …
KMG buys ConocoPhillips’ Nursultan stake
Kazakhstani state player KazMunaiGas has reportedly acquired a 24.5% stake in the Nursultan offshore oil block from ConocoPhillips, giving it a 75.5% stake in the Caspian Sea concession. The offshore Kazakh block’s estimated reserves run to around 2.13 billion barrels of oil, with commercial production at the field set to start …
Michael Townshend To Become Senior Vice President of Russia BP Group
Townshend, currently regional president for the company in Iraq since 2009, is replacing David Peattie who will step aside at the end of February. Townshend, who will report directly to BP chief executive Bob Dudley, has worked for the oil stalwart in Azerbaijan, Nigeria, the Netherlands, Indonesia, US, Australia and …
Tethys Doubles Gas Price in Kazakhstan
Tethys Petroleum Limited (“Tethys”) (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia, today announced that it has effectively doubled the net price of the gas which it is selling in Kazakhstan. New gas price after marketing and distribution costs USD65 (USD72.8 including VAT) per 1,000 cubic metres (previously USD32.5 including VAT for the …
Meeting of the Board of Directors of KMG EP
Astana, 30 January 2013. JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) held a regular meeting of the Board of Directors yesterday. At the meeting the members of the Board discussed preliminary financial and operational results for 2012. The Board of Directors has decided to call an extraordinary general …
TNK-BP Presents Integrated Mobile Multimedia Version of its Corporate Media
The “Zapadnaya Sibir” media holding (which brings together TNK-BP’s media assets) announces the launch of a mobile multimedia version of the Company’s corporate media. The application can already be downloaded from the AppStore and is optimized for use on all versions of iPad. Initially, the app will provide access to …
TNK-BP Increased Gas Production in the Orenburg Region by 26% in 2012
TNK-BP informs that OJSC Orenburgneft (a TNK-BP Group company) produced 3.4 bcm of gas in 2012, which is 26% more than in 2011. TNK-BP has been implementing a large-scale program aimed at production development in the mature fields of the Orenburg Region, one of the oldest petroleum provinces in Russia …
Regular Meeting of the Board of Directors of Tatneft Was Held
A regular meeting of the Board of Directors of the JSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on January 30, 2013. The Board of Directors reviewed the budget execution of the JSC TATNEFT for the year 2013 and …
Arctic Oil and Gas Conference Returns for 2nd Edition
The Arctic Region Oil and Gas Conference returns for its second edition on 26 – 27 February 2013 at the Clarion Hotel in Stavanger, Norway. The conference is expected to attract 100 local and international oil and gas professionals to discuss offshore Arctic activities, including oil and gas companies investing …
Global IP Extends Mobility Offering with Intelsat
Global IP to introduce Ku-band maritime services to oil, gas and energy customers across the vast Indian Ocean region Intelsat S.A., the world’s leading provider of satellite services, announced today that Spain-based Global IP, a provider of satellite communications for maritime, energy and corporate customers, has signed multi-year agreements allowing …