Exillon Energy: Peak Daily Production For August – 17,466 bbl/d
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of August 2014 (“the Period”). · Our average daily production[1] was 16,927 bbl/day during the …
Gazprom: Gas Sales To Ukraine and Beyond – Naftogaz Owes $5.3bn USD
The Board of Directors addressed the information about the state and prospects for the relationships between Gazprom and Ukrainian business entities in the gas sector. It was noted that Naftogaz of Ukraine’s gas debt to Gazprom amounted to some USD 5.3 billion. Owning to persistent non-payments, Naftogaz of Ukraine was …
Tethys Petroleum: Operational Update
In Kazakhstan, work continues on the gas project with the dehydration equipment having now been successfully tested in China and being shipped to Kazakhstan. Work is proceeding well on the installation of additional field pipelines, etc., and we are on track for meeting our production target of three times current …
Sistema’s Chairman, Vladimir Yevtushenkov, Under House Arrest
Russian investigators said on Tuesday they had placed the chairman of conglomerate Sistema under house arrest, accusing him of money-laundering in a move the head of an industrialists’ group condemned as being politically motivated. The charges against Sistema’s Vladimir Yevtushenkov were made in connection with the acquisition of shares in …
Russia Maintains Unconventional Production Targets Regardless of the Sanctions
Russia is not changing its plans for developing hard-to-extract oil despite Western sanctions, Energy Minister Alexander Novak said. “No substantial” changes are expected in Russian oil production, Novak said, citing preliminary studies on the impact of sanctions reported Upstream Online. Western sanctions over Moscow’s role in Ukraine’s crisis have limited …
Max Petroleum: AGR Energy Only Bidder For the Company – Board Recommends Sale
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces an update on the Company’s strategic review and on the proposed Subscription by AGR Energy, further to its announcements on 22 July 2014 and 4 August 2014. Review of strategic options and formal sale process The review of …
Ukrainian Rebels Granted Self Rule and Amnesty – Russia Looks to Build Up Troops in the Crimea
A shaky ceasefire has been in place in eastern Ukraine since 5 September. Ukraine’s parliament has granted self-rule to parts of eastern regions held by pro-Russian rebels, as well as an amnesty for the fighters themselves. The measures are in line with the 5 September ceasefire agreement signed by President …
OPEC-Russian Energy Dialog: Underscores the Importance of Stable and Predictable Markets
The third high-level meeting of the OPEC-Russia Energy Dialogue took place in Vienna today. The meeting was chaired by HE Abdalla Salem El-Badri, OPEC Secretary General, and HE Alexander Novak, Minister of Energy of the Russian Federation. The meeting was also attended by a senior delegation from the Russian Federation …
Rosneft: Launches RN Amur Tug Boat for Rosnefteflot
A new tow boat RN Amur, constructed against Rosneft order at the Khabarovsk shipbuilding facility (Far Eastern Shipbuilding and Ship repair center subsidiary), proceeded to carriers mooring at Nakhodkanefteprodukt oil terminal. RN Amur is a strengthened ice-class tow boat equipped with a modern propeller-rudder system, navigation support equipment, external fire …
Volga Gas: Strong 1H Results – Revenues Up 50%, EBITDA Up 97%, Company to Pay First Cash Dividend
Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce its results for the six months ended 30 June 2014. HIGHLIGHTS FINANCIAL RESULTS AND MAIDEN DIVIDEND · Revenues increased by 50% to US$23.2 million (H1 2013: US$15.4 million) · …