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JSC КаzМunaiGas Exploration Production is pleased to announce the result of the verification of reserves at 31 December 2011 and 2012 in the Ozenmunaigas, Embamunaigas and Ural Oil and Gas (50% ownership) fields. In summary, KMG EP will continue to use the reserves assessment made by Miller and Lents Ltd. …

Tethys is pleased to announce completion of drilling and logging of the AKK20 exploration well, the fourth well in its 2014 shallow gas drilling programme in Kazakhstan. The well was drilled to a depth of 681 metres (2,234 feet) with hydrocarbon shows and electric logs indicating the presence of hydrocarbons …

Zoltav, the CIS-focused oil and gas company, notes reports in Russian media sources today regarding the registration, by the Russian State Reserve Commission (“GKZ”), of an oil discovery made within Zoltav’s Koltogor 10 Exploration Licence (“Koltogor 10”) in the Khantiy-Mansisk Autonomous Okrug. As stated in the Operational Update announcement dated …

RPI, a leading provider of research on the energy sector of Russia, the Caspian region, Central and Eastern Europe, would like to bring to your attention «Russian Offshore Oil & Gas Fields Development: The Prospects of Equipment and Materials Market Until 2025» research study. The subject of the research report …

We are pleased to announce that registration for the 2014 SPE Russian Oil & Gas Exploration & Production Technical Conference and Exhibition is now open. Taking place on 14-16 October, Moscow, the show is returning for its 5th edition. We are also proud to confirm the key participating companies, including …

Shelton Petroleum continues to record strong profitability. The operating margin in the first quarter amounted to 29%, which is a significant improvement compared to 25% in the first quarter last year. The improved profitability is a direct effect of the increase in production by over 80% from 519 to 942 …

LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2014. The Company’s net income amounted to $1,733 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $3,995 million in the first quarter of 2014. Sales revenues were $35,681 million (+5.7% y-o-y). Net income for the …

Integra Group  hereby announces that on 23 May 2014, the Cayman Registrar of Companies approved and issued a Certificate of Merger in respect of the merger of the Company with a company formed by certain members of the Company’s management team (the “Merger”), whereupon the Merger became effective. The Company …

This year’s St. Petersburg International Economic Forum was marked by the signing of a number of strategic collaboration agreements between Gazprom Neft and various domestic suppliers, including OMZ (Uralmash-Izhora Group) and Hydromashservice (HMS Group). These agreements underline the company’s commitment to ongoing collaboration with Russian suppliers to ensure the fulfilment of its requirements for high-quality equipment at its onshore and …

As part of the St. Petersburg International Economic Forum 2014, Vagit Alekperov, OAO LUKOIL President, and Christophe de Margerie, CEO and Chairman of Total Group’s Board of Directors, agreed on general conditions of participation in a joint project focused on the exploration and development of unconventional hydrocarbon reserves in the Khanty-Mansi Autonomous Okrug-Yugra …