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PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, announced an update on the negotiation of the farmout agreement for a 50% interest in Licence 61 (the “Licence 61 Farmout”). All legal documentation and due diligence is now complete and the Company expects to execute binding …

Shelton Petroleum AB (publ) (“Shelton”) announced on January 22, 2014 an offer to the shareholders of Petrogrand AB (publ) (“Petrogrand”) to acquire all outstanding shares in Petrogrand (the “Offer”). On February 26, 2014, Shelton announced an increase of the consideration offered from 0.30 to 0.34 Shelton B shares for each …

In 2014, Vankorneft (Rosneft subsidiary) is planning to carry out the highest scope of geological exploration works during the 10 years of its operation. The works will be focused on oil and gas reserves increment, increase of the resource base and preparation of discovered fields for development. Prospecting and exploratory …

Varyeganneftegaz (Rosneft subsidiary) starts implementation of Phase I of industrial experiment works aimed at completion of gas reservoirs study at the licensed blocks in Khanty-Mansiysk Autonomous District. The major activities will be focused on the Van-Yoganskoe and Severo-Varyeganskoe fields. Under the results of the geological exploration, which is detailed 3D …

JSC KаzМunaiGas Exploration Production (“KМG EP” or the “Company”) announces the results of the reserves audit as at 31 December 2013 performed by the independent consultant Miller and Lents, Ltd. (“MLL”) at Ozenmunaigas JSC (“OMG”), Embamunaigas JSC (“EMG”), and Ural Oil and Gas LLP (“UOG” where KMG EP holds a …

Rosneft have confirmed they will be sending senior delegations to the UOR, Unconventional Oil Russia Technology Conference. To date Rosneft’s Reservoir Management, Oil and Gas Services and Oil and Gas Production departments will be sending significant teams, with more possibly to follow. Taking place in May 2014 at the Kempinski …

Shelton Petroleum yesterday gave notice to an extraordinary general meeting to be held 2 May 2014. Shelton Petroleum has received three requests from Petrogrand to give notice to an EGM. These requests are partly not valid and have partly been withdrawn by Petrogrand. Shelton Petroleum issues this press release in …

Surgutneftegas have confirmed they will be sending a delegation to the UOR, Unconventional Oil Russia Technology Conference. Taking place in May 2014, the Unconventional Oil Russia Technical Conference, UOR, will become Russia’s leading forum on technology adoption and implementation for the development of unconventional, tight oil and shale oil plays. To visit the event site please click here

NOVATEK reported today preliminary operating data for the first quarter 2014. In the first quarter 2014, NOVATEK’s gross production totaled 15.71 billion cubic meters (bcm) of natural gas and 1,370 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in natural gas production by 2.4% and …

The Kara-Winter-2014 Expedition organized by the Arctic Research and Design Center (a joint venture of Rosneft and ExxonMobil) with expert support from the Arctic and Antarctic Research Institute Federal State Budget Institution left the Port of Murmansk on board the Yamal Ice-Breaker. This is going to be the largest ice …