Roxi Petroleum: License Extension at Galaz and Could be Converted to a Full Production License in the Future
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a licence extension and of operational progress at its Galaz asset. Galaz The Galaz block is located in the Kyzylorda Oblast in central Kazakhstan. The Contract Area was extended on …
Teekay LNG: Signs Deal for 6 Icebreaker LNG Carriers for Yamal LNG
Teekay LNG Partners L.P., through a new 50/50 joint venture with China LNG Shipping (Holdings) Limited (China LNG), today announced that it has finalized shipbuilding contracts for six internationally-flagged icebreaker liquefied natural gas (LNG) carriers for the Yamal LNG Project, which is located on the Yamal Peninsula in Northern Russia. Under the agreements, the joint venture …
Novatek: Q2 and H1 Results
OAO NOVATEK reported today preliminary operating data for the second quarter and first half 2014. In the second quarter 2014, NOVATEK’s gross production totaled 15.59 billion cubic meters (bcm) of natural gas and 1,356 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas …
Lundin Petroleum: Sells Komi Fields to Arawak Energy Russia
Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that it has entered into an agreement with Arawak Energy Russia BV (Arawak), to sell Lundin Petroleum’s entire interests in the Sotchemyu-Talyu and the North Irael Fields, Komi Region, Russia. Lundin Petroleum holds a 50 percent interest in each of the …
Tenaris Awarded Karachaganak Contract and to Open Premium Threading Facility
Tenaris has entered into a long-term agreement with KPO (Karachaganak Petroleum Operating B.V.) for the supply of OCTG, TenarisHydril premium connections and field services for the oil and gas company’s developments in the Karachaganak field, which occupies more than 280 square kilometers of northwest Kazakhstan and has reserves of more than 2.4 billion …
Arctic Research and Design Center To fund Polar Bear Study
The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) and the public organization called The Marine Mammals Council have entered in a research-and-development contract for staging polar bear studies in the areas of potential hydrocarbon development projects. Rosneft pays particular attention to preserving and protecting the polar ecosystems. …
Sakhalin’s Birthday: 125 Years Young
An important date for Sakhalin oil: 125 years ago exactly at the territory of present-day Okhinsky district geologic exploration was performed for the first time in Sakhalin oil and gas industry. Since that moment starts a rich history of Sakhalin hydrocarbons production. Business people knew about the presence of the …
ERIELL Group specialists to have achieved 902 m daily drilling progress
ERIELL Group has achieved significant results at the Beregovoye deposit within the framework of the SIBNEFTEGAZ project. Owing to well-coordinated work, ERIELL specialists succeeded in drilling 902 m in the production string interval within 24 hours. For reference: daily drilling progress of 500 m is already regarded as high performance. …
Roxi Petroleum: Further Deep Well Success at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news of a discovery at its flagship BNG asset. Background The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of …
Tatneft: Operating Figures For the First Half of 2014
The amount of 2,155,679 tons of crude oil or 100.4 percent versus June 2013 was produced at JSC TATNEFT, while the production since the beginning of the year amounted to 12, 985,973 tons which was 53,850 tons more than in 2013 (100.4% to the planned amount). The amount of 12,765,565 …