Tethys Petroleum Wins World Finance Award-Best Exploration and Production Company Asia 2013
Tethys Petroleum Limited is proud to announce that it has won the prestigious World Finance Oil & Gas Award for the Best Exploration and Production Company, Asia 2013. Dr. David Robson, Executive Chairman and President of Tethys Petroleum Limited, was honoured to accept this award on behalf of Tethys at …
Gazprom Starts Developing Design Documentation on Vladivostok-LNG project
The Gazprom Management Committee Chairman Alexey Miller held at the Company’s headquarters a meeting dedicated to the Vladivostok-LNG project. It was noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018. As of today, a special-purpose company – Gazprom LNG Vladivostok – is set up to implement the project. The design documentation is being developed with …
Gazprom Neft and Novatek’s Yamal Development Confirms SeverEnergia Stake Increase
Yamal Development (a 50/50 Joint Venture between OAO Gazprom Neft and OAO NOVATEK) signed a binding agreement with the Italian energy company, Eni on acquiring a 60% equity stake in Arctic Russia B.V., which owns 49% of the SeverEnergia Joint Venture. The value of the transaction is USD 2,940 million. The transaction is subject to receipt of necessary approvals. Following completion of the transaction, …
Eni Agrees To Sell SeverEnergia Stake for $2.9 bln to Novatek and Gazprom Neft
Italian oil and gas group Eni has agreed to sell its stake in natural gas producer SeverEnergia to Russia’s Novatek and Gazprom Neft for $2.94 billion reported Reuters. * Eni to be paid cash at closing * Enel earlier sold SeverEnergia stake to Rosneft * Eni exits upstream development in …
Boskalis and VolkerWessels Establish Offshore Cable Installation Joint Venture
Royal Boskalis Westminster N.V. (Boskalis) and Royal Volker Wessels Stevin N.V. (VolkerWessels) have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. The joint venture creates a strong party combining know-how and equipment allowing it to respond effectively to growth in the market …
SeverEnergia: Gazprom Neft and Novatek Eye Stake Increase
Gazprom Neft and Novatek are considering increasing their joint controlling stake in gas producer SeverEnergia, to counter any ownership challenge by state oil giant Rosneft, a document obtained by Reuters said. Potentially one of Russia’s largest partly foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic meters of …
RPI Report: Oil Well Stimulation and Enhanced Oil Recovery Markets in Russia and Forecasts for these Markets until 2020
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 the upcoming release of the Oil well stimulation and enhanced oil recovery markets in Russia and forecasts for these markets until 2020 research study. …
C.A.T oil AG: Significant Increases in Investment and Core Services
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, will invest EUR 390 million from 2014 to 2016, EUR 300 million dedicated to bring on stream new operating capacity and EUR 90 million for maintenance. The approved investment program suggests that …
Max Petroleum: UTS-19 Indicates Uytas Field Limits, UTS-20 Shows 11m of Net Pay
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce drilling results at two wells in the Uytas field. The UTS-19 appraisal well was drilled to a total depth of 208 metres. Oil shows were encountered in the Cretaceous Aptian reservoir, but electric …
Ozenmunaigas Visists Tatneft
A delegation of leading professionals of JSC “Ozenmunaigas” headed by Atkoshchy Ketebaev, Deputy Director General for Personnel and Social Affairs, visited TATNEFT Company. The delegation including heads of departments of oil and gas production and transport, as well as personnel management and staff development, got familiarized with the activities of …