Rosneft Acquires Orenburg Drilling Company
Rosneft completed acquisition of 100% share in Orenburg Drilling Company from VTB-Leasing Group. Acquisition of Orenburg Drilling Company is the key aspect of the program aimed at the re-equipment of Rosneft’s fleet of drilling units and implementation of the policy of the group for internal service share increase. Acquisition of …
Roxi Petroleum: BNG and Galaz Progressing Well
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its BNG and Galaz assets. BNG The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the …
Max Petroleum: Final Sagiz West Well Strikes 24m of Pay
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, is pleased to announce successful drilling results of the final well in the current appraisal drilling programme in the Sagiz West Field. The SAGW-7 appraisal well has reached a depth of 1,438 metres with electric logs indicating 24 metres …
Max Petroleum: Kenneth Hopkins Appointed Chief Operating Officer
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces further details of previously announced cost cutting initiatives along with related management changes. Appointment of New Chief Operating Officer The Company is pleased to announce the appointment of Kenneth Hopkins as the Company’s Chief Operating Officer. Mr. Hopkins …
Closure Interview: Yuri Parnivoda, General Director Russia, Drillmec
Please describe your position and role within the company As General Director, I manage the company in accordance with the internal company documents & charter, and of course within the current legislation of the government of the Russian Federation. I oversee all financial and professional activity of the company, with …
Costs are Holding our Industry Back… Again!
David Bamford, Petromall This oil & gas industry of ours goes through cycles, tied by elastic to the price of oil and gas. On the back of the decade long rise in oil prices and the corresponding boom in exploration and production activity, costs have escalated – exponentiated some would …
VNIIGAZ Offshore Hazards: Assessing the Impact of Icebergs on Offshore Production Platforms
Dmitry A. Onishchenko (Gazprom VNIIGAZ LLC) Part 2 Introduction Resolving the challenge of developing Russia’s offshore oil and gas resources, those on Arctic shelf being first and foremost, requires much scientific research, both theoretical and practical. One of the main challenges is attempting to calculate the ice loads that can …
Tight Oil Developments in Russia
James Henderson : The Oxford Institute for Energy Studies Part 1, click here to read part 2 Introduction Production of unconventional oil has transformed the US energy landscape, creating the potential for that country to reduce its reliance on oil imports and to contribute to the possibility of North America’s …
Novatek Confrim Severenergia with Gazprom Neft
The Board of Directors of OAO NOVATEK resolved yesterday to approve several transactions, which will enable NOVATEK and OAO Gazprom Neft to equalize their respective equity stakes in the SeverEnergia joint venture. NOVATEK currently holds 59.8% of the joint venture, with Gazprom Neft holding the remaining 40.2% equity stake. The …
Gazprom Neft and Novatek Agree to Equal Ownership of SeverEnergia
Gazprom Neft and Novatek have announced an agreement for 50/50 ownership of SeverEnergia’s shares. Following a series of transactions with Novatek, Gazprom Neft will increase its effective ownership of the joint owned company by 9.8% to 50%. Vadim Yakovlev, First Deputy CEO of Gazprom Neft, said: “The agreement between SeverEnergia’s …