Severneftegazprom Produces One Hundred Billionth Cubic Metre of Gas
At the Yuzhno-Russkoye oil and gas field on May 17 the one hundred billionth cubic meter of gas was produced. “We will not stop at what has been accomplished: 100 billion is just the beginning. I am sure that with our professional team, modern technologies and efficient management we will …
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Gazprom and Bulgaria Implementing South Stream According to Schedule
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Delyan Dobrev, Bulgarian Economy, Energy and Tourism Minister. The meeting addressed the current status of the Russian-Bulgarian cooperation in the energy sector. The focus was placed on the South Stream project implementation. The meeting participants underlined that the project was …
Gazprom and GDF SUEZ Address Current Cooperation Status
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Jean-Francois Cirelli, Vice Chairman and President of GDF SUEZ. The parties discussed the current situation in the global gas market and the partnership between the two companies in the energy sector. In addition, the meeting participants noted significant progress …
Tethys Petroleum Acquires New Field in Turkmenistan
Tethys Petroleum announced that Chegara Production Limited (“CPL”), its 100% owned subsidiary, has signed a Production Enhancement Contract (“PEC”) for a new oil field, the Chegara Group of Fields (“Chegara”), in Uzbekistan. In addition Tethys announced it had signed a Memorandum of Understanding (“MOU”), which agrees a timetable for the …
Fairstar Heavy Transport Turns Down Dockwise’s “Poison Pill” Offer
Fairstar Heavy Transport N.V. has informed Dockwise that the unsolicited financial proposal received from Dockwise is of no interest to Fairstar. Dockwise has attempted to characterize the offer of USD 30 million in “subordinated debt” to be an attempt by Dockwise to be helpful. However, a close reading of the …
Tethys Petroleum: Revenues Increased by 45%
Tethys Petroleum Limited announced its first quarter 2012 financial results. The results are underlined by a 45% increase in revenues over the first quarter of last year. The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”). RECENT HIGHLIGHTS — Q1 2012 Total Revenue was USD$6.49 million …
Tethys Petroleum: Kazakhstan Oil Resource Upgrade
Tethys Petroleum is pleased to announce it has received an updated oil Resource Report for its Kazakhstan assets that estimates gross unrisked recoverable mean prospective oil resources of 1.17 billion barrels of oil. The resource report also shows a substantial amount of prospective gas resources. Key Points: Mean unrisked recoverable …
Caspian Oil and Gas: Q1 Results and Updates
Caspian Energy Inc. announced today its financial results for the three months ending March 31, 2012. Its unaudited condensed interim consolidated financial statements for the quarter and related management’s discussion and analysis have been filed with Canadian securities regulatory authorities and are available for viewing at www.sedar.com. Operational highlights Well …
JKX: Completes Koshekhablskoye Gas Plant and is Awarded Giorgievskoye Exploration Licence
· Completion of Gas Plant at the Koshekhablskoye field in Russia and initiation of gas sales · Award of 170.7 sq km Giorgievskoye exploration licence in Adygea, southern Russia · Successful exploration well Z-04 in the Zaplavskoye exploration licence in Poltava, Ukraine · Commencement of production from the Elizavetovskoye licence in Poltava, …