Alliance Oil Purchases GeoInvestService for 30m USD
Alliance Oil Company has signed an agreement to acquire LLC “GeoInvestService” for 30 million US dollars. LLC “GeoInvestService” holds an exploration license for the West-Osoveiskoye block in the Timano-Pechora region in Northern Russia. The license will be integrated into the Company’s Kolvinskoye oil field operations and development plans. The acquisition is pending Federal Antimonopoly Service …
Slavneft’s Subsidiaries produced 8.9 mln tons of crude oil in HI 2012
In January-June, 2012, Slavneft’s Subsidiaries extracted 8.9 mln t of crude oil and 424.6 mln m3 of gas in accordance with the Business Plan. The crude oil production volume decreased by 0.5% and the gas production volume increased by 0.5% against the similar period of the previous year. From the …
Roxi Petroleum: NK7 Flows Up To 620 bopd
Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to make the following operational update with respect to its Galaz asset. NK7 Further to the announcement of 27th June 2012, Roxi is pleased to provide the following additional information. On 26 June 2012, …
Gazprom and CNPC discuss prospects for Russian gas supplies to China
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Wang Dongjin, Vice President of the China National Petroleum Corporation (CNPC) had another round of commercial negotiations today in the Chengdu town (China). The talks were devoted to the prospects of partnership development in the energy sector. The parties discussed the ongoing cooperation and the opportunities for …
KazMunaiGas Exploration Production Close period share and GDR buy back procedure announcement
KazMunaiGas Exploration Production (“the Company” or “KMG EP”) announces the share and global depositary receipt buy back procedure during the close period which precedes the Company’s 2012 2st quarter financial results announcement*. The close period is started on July 16, 2012 and end on August 14, 2012. During the close …
German Khan was re-elected Chairman of the Slavneft Board of Directors
German Khan, Executive Director (OAO TNK-BP Management), was elected Chairman of the Slavneft Board of Directors (BoD) at the meeting of the BoD new composition held on July 12, 2012. German Khan has been holding the Slavneft BoD Chairman position continually since 2005. At the meeting the compositions of the …
Russian SPE Oil and Gas Show: Delivering Value Through Technology and Operational Excellence
Delivering value through technology and operational excellence in exploration and production is the focus of the biennial Society of Petroleum Engineers (SPE) conference due to take place from 16-18 October in Moscow. The 2012 SPE Russian Oil and Gas (ROG) conference agenda covers all major areas of hydrocarbon exploration and …
Fairstar Board Unanimously Recommends Acceptance of Dockwise´s NOK 10 per share
Fairstar Heavy Transport N.V. and Dockwise Ltd today announce their agreement on the recommended acquisition by Dockwise of the remaining shares in Fairstar. The exit to be realized through purchases on the Oslo Stock Exchange for an amount of NOK 10 per Share for a period of four weeks from …
Max Petroleum: Releases NUR-1 Drilling Rig due to Stuck String and Finances
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it is releasing the Saipem National 1625 DE onshore deep drilling rig drilling the NUR-1 well at the Emba B Prospect in Block E given the need to obtain additional capital to complete …
Sergey Mazanov put in charge of Gazprom Dobycha Urengoy
Gazprom has elected Sergey Mazanov as Director General of Gazprom Dobycha Urengoy. Sergey Mazanov was born in 1970 in the Kuibyshev Region. In 1998 he graduated from Tyumen State Oil and Gas University majoring in Oil and Gas Fields Development and Operation. He holds a PhD in Engineering. Sergey Mazanov has served in Gazprom for 22 years now. Between 1988 and 1989 – Apprentice …