Max Petroleum – Successful Appraisal Well Drilled in Sagiz West Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an operational update on the results of the SAGW-3 appraisal well, progress with drilling operations at the NUR-1 well on the Emba B prospect and a report on the impact on operations of recent …
Max Petroleum – Exercise of Warrants
The Company announces today that on 23 February 2012, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 12 August 2009, a warrantholder elected for the cashless exercise of its right to subscribe for 10,000,000 Ordinary Shares at an exercise price of 4.538 – 5.673p …
Gazprom Neft Increases Hydrocarbon Reserves by 9% in 2011
As at 31 December 2011, the total “proven” and “probable” (2P) reserves of Gazprom Neft group under PRMS international standards amounted to 11.577 billion barrels of oil and 15.720 trillion cubic feet of gas, which translates into 14.197 billion barrels of oil equivalent. Compared with the end of 2010, Gazprom …
International Petroleum Completes the Acquisition of Vamaro Investments Limited
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that it has completed the acquisition of Vamaro Investments Limited, the 100% legal and beneficial owner of two licences for geological study of subsoil, prospecting and extraction of oil and gas in the …
Baker Hughes To Launch AutoTrak Curve Rotary Steerable System
Drilling in tight leases is challenging for operators, who now can look to Baker Hughes’ AutoTrak Curve™ Rotary Steerable System – a revolutionary tool that can drill vertical, curve and horizontal sections in one fast run to maximize available pay zones and reduce the number of trips. The AutoTrak Curve …
Eriell Group Starts Drilling Operations for Pechoraneft
Eriell Group started drilling activities within the framework of new project with OJSC Pechoraneft at Kolvinskoe Oilfield. The Company was selected as the prime contractor for construction of 32 producing horizontal and directional wells with complex well profiles and outsteps up to2,500 m. Eriell Group will operate four sets of ZJ …
Heads of Gazprom and Total Discuss Implementation of Shtokman Phase 1
Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the scope of work over a period until the Final Investment Decision is made. Source
Joint Statement by BP and the Plaintiffs’ Steering Committee
BP and the Plaintiffs’ Steering Committee (PSC) confirmed that the U.S. District Court has today adjourned the start of the Deepwater Horizon Multi-District Litigation 2179 civil trial by one week, until Monday, March 5th. This adjournment is intended to allow BP and the PSC more time to continue settlement discussions …
KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders
Today JSC KazMunaiGas Exploration Production (“the Company” or “KMG EP“) held an Extraordinary General Meeting of shareholders at which a member of the Company’s Board of Directors, Askar Balzhanov, was relieved of his duties . Lyazzat Kiinov has been appointed as a member of the Company’s Board of Directors for …
Slavneft and the Yaroslavl Regional Government Sign 2012 Cooperation Agreement
Yury Sukhanov, President of OAO NGK Slavneft and Sergey Vakhrukov, Governor of the Yaroslavl region, have signed the additional protocol to the basic long-term Cooperation Agreement determining the key actions and cooperation parameters for the regional social sphere development in 2012. According to the document, the Slavneft Subsidiaries operating in …