Max Petroleum Drilling Update May 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. Asanketken Due to ongoing performance issues with the drilling rig and contractor combined with a poor and …
Kazakhstan’s leading oil and gas trade events strengthened by organisation agreement
The collaboration between Kazakhstan’s two leading oil and gas trade events has been further strengthened by the announcement that the organisers of the KIOGE exhibition and conference (Iteca, part of the ITE Group) have signed an agreement with the KAZENERGY Association to organise the KAZENERGY Eurasian Forum in 2011. The …
BP Announces Settlement with Moex/Mitsui of Claims Between the Companies Related to the Deepwater Horizon Accident
BP today announced that it has reached agreement with MOEX Offshore 2007 LLC (“MOEX”) and its affiliates, Mitsui Oil Exploration Co., Ltd. and MOEX USA Corporation to settle all claims between the companies related to the Deepwater Horizon accident. MOEX – which had a ten per cent interest in the …
Roxi Petroleum Preliminary Results for 2010
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its preliminary results for the year ended 31 December 2010. Follow this link
Summary from Alliance Oil Company’s AGM
Alliance Oil Company Ltd’s shareholders gathered in Stockholm today for the Annual General Meeting (AGM). The AGM adopted the income statements and balance sheets for the company and the group. The AGM resolved to re-elect board members Mr Fred Boling, Mr. Arsen Idrisov, Mr. Raymond Liefooghe, Mr Claes Levin, Mr …
Alliance Oil Interim report for the quarter ended 31 March 2011
Total revenue increased to MUSD 678.7 (Q1 2010: MUSD 501.1). EBITDA increased to MUSD 156.3 (Q1 2010: MUSD 100.7). Profit before tax increased to MUSD 113.1 (Q1 2010: MUSD 58.8). Net profit increased to MUSD 90.0 (Q1 2010: MUSD 45.5). Basic and diluted earnings per share increased to USD 0.51 …
TETHYS PETROLEUM Uzbekistan Business Development
TASHKENT, UZBEKISTAN, Wednesday, May 18, 2011: Tethys Petroleum Limited today provided information on progress at the 15th Uzbekistan International Oil and Gas Conference (“OGU”) in Tashkent and in parallel with this signed a contract with the Institute of Geology and Prospecting for Oil and Gas Deposits (the “Institute”) of NHC …
KMG EP announces dates of the next specialised trade for the repurchase of its preferred shares on KASE
JSC KazMunaiGas Exploration Production is pleased to announce that next specialised trade for the repurchase of the Company’s preferred shares will be held on KASE from 27 May till 27 June 2011. The Company has now repurchased around 1.7 million preferred shares for an aggregate price of about 32.8 billion …
Gazprom Neft completes the sale of the first Emission Reduction Units (ERUs) under the Kyoto Protocol
Gazprom Neft announces that it has become the first Russian oil company to complete the sale of Emission Reduction Units (ERUs) in accordance with the Kyoto Protocol. The volume of the deal was 295,000 ERUs, which were purchased at a price set by current market conditions. The purchaser of the …
Exillon Energy Interim Management Report
Exillon Energy plc a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), today issues its Interim Management Statement for the period beginning 1 January 2011. The financial and production data are for the period fr om …