PetroNeft Resources: Kick Starts Drilling Program After Farm Out Plus Commencing Major Seismic Program
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to announce a number of significant actions following the completion of the Licence 61 Farmout to Oil India Limited on 3 July 2014, in particular the re-commencement of drilling operations on Licence …
Roxi Petroleum: BNG Well A5 Now Exceeds Initial Expectations
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of the deep discovery at its flagship BNG asset together with progress at its BNG shallow Well 143 and at Well NK-31 at its Galaz Contract Area. The …
New SPE Caspian Conference Series Tackles Opportunities And Challenges In Region’s E&P Industry
The Society of Petroleum Engineers (SPE) introduces The SPE Annual Caspian Technical Conference and Exhibition (CTCE), November 12-14 2014 in Astana, Kazakhstan,where seniorexecutives and decision-makers from the Caspian oil and gas industry are due to speak at the region’s inaugural technical conference this autumn. More than 500 oil and gas …
Rosneft and Statoil Start Exploration Operations on the Norwegian Continental Shelf in the Barents Sea
18th of August, Rosneft together with Norwegian company Statoil Petroleum AS started exploration operations at the Pingvin License PL713 prospect in the Norwegian section of the Barents Sea. The first exploration well Pingvin-1 will be drilled by the Transocean Spitsbergen rig. The water depth is 422 meters and the drilling …
MAGE Expedition Reached the North Pole
Scientific research vessel “Academik Fedorov” accompanied by nuclear “Yamal” ice breaker successfully crossed the North Pole. Marine Arctic Geological Expedition (MAGE) conducts geologic and geophysical works targeting on oil-and-gas prospect assessment of the Russian continental shelf outside a 200-mile zone of the Arctic Ocean. This research results is a part …
The Company Mage Completer Field Work on Black Sea Shelf
Marine Arctic Geological Expedition (JSC MAGE) successfully completed a comprehensive geological and geophysical exploration on the South-Chernomorsky license block for the company RN-Exploration, LLC. Modern research vessel “Polar Marquis” was involved in work. This specific vessel allows successfully towing a record 14 streamer configuration that provided the possibility of obtaining …
Pacific Energy Development Announces 2nd Quarter Results With Revenues Increasing More Than 10x Over Same Period Last Year With a Commensurate Increase in Reserves
PEDEVCO Corp, Pacific Energy Development, reported 2nd quarter results yesterday and will host a conference call to discuss these results and to provide an operational update. The call will be held on Tuesday, August 19, 2014 at 1:30PM Pacific Time. Commenting on the results, Frank C. Ingriselli, President and CEO of the Company, …
Rosneft: Looks to Tap State for $41bn Rb to Bridge Sanction Funding gap
Igor Sechin, the head of Russian oil giant Rosneft, has asked the government to provide the company with 1.5 trillion roubles ($41.6 billion / £24.9 billion) to help the company weather western sanctions, the Vedomosti newspaper reported on Thursday. Under the plan, the state would spend money from its National Wealth …
Boskalis to Launch Share Buyback Program
Royal Boskalis Westminster N.V. (Boskalis) announces the start of its share buyback program. Within the framework and based on the principles of its business plan for the 2014-2016 period Boskalis intends to execute a buyback program for up to 10million of its own shares. The program will be executed in …
Boskalis Posts Record Profit in First Half of Year
HIGHLIGHTS FIRST HALF 2014 – Revenue exceeds EUR 1.5 billion – EBITDA: EUR 466 million – Net profit: EUR 253 million – Order book in excess of EUR 3.1 billion – First application of IFRS11 OUTLOOK – Challenging market conditions – Net profit expected to exceed record 2013 profit (EUR 366 million) Royal Boskalis Westminster N.V. (Boskalis) …