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Sakhalin Energy presented in Moscow its 2011 Sustainable Development Report. It is the company’s third report produced in compliance with the Global Reporting Initiative (GRI) standard. It is in line with B+ classification and, just as the previous two reports, was endorsed by the Council for Non-Financial Reporting of Russian …

TGS announced today that its Geological Products division purchased all the outstanding shares of Volant Solutions Inc. Volant is a small, six-employee technology company based in Houston that provides integration solutions for E&P companies to address the challenges of managing ever increasing quantities of geotechnical data. This integration of internal …

CGGVeritas has increased its cable-free acquisition capacity to 20,000 Sercel UNITE channels on a large, 1,500-square-mile multi-client 3D land seismic survey  it is currently acquiring in Pennsylvania, USA. Whereas most land seismic data acquisition systems require a physical  connection to retrieve data, UNITE integrates a licence-free wireless connection  so that …

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Robert Dudley, Group Chief Executive of British Petroleum (BP). The meeting was focused on a development outlook for the global energy market and cooperation between the two companies. Source

КаzМunaiGas Exploration Production today announces the results of the annual assessment of Reserves and audit of Contingent Resources, as at 31 December 2011 by the independent energy consulting firm Gaffney, Cline & Associates (“GCA”). These Reserves and Resources have been estimated in accordance with the 2007 Petroleum Resources Management System …

Well NK-10, which was drilled in November and December 2011, was tested by our partners LGI between 1 April and 9 April 2012, at depths between 1288 and 1298 meters. The tests have revealed high water content with only minor gas and oil film shows.  Accordingly, no further tests are …

Tethys Petroleum (“Tethys” or “the Company”) (TSX: TPL)(LSE: TPL) announces a significant increase in its reserves in oil and gas in Kazakhstan as reported in a new reserve report. Total Net Oil and Gas Reserves (barrels of oil equivalent: BOE) — 1P (Proved) up 96%: 14.5 million BOE — 2P …

The Gazpromneft-Khantos  Board of Directors has appointed Sergey Doktor as the company’s Chief Executive Officer. Sergey A. Doktor was born in 1969. He graduated from Tomsk Polytechnic University with a specialization in development and production of oil and gas fields. Since May 2011 until his new appointment Sergey Doktor has been the Member of the Board, the …

Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the scope of work over a period until the Final Investment Decision is made. Source

Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with regard to BNG well 136. The well, which is on the North Yelemes structure and is planned to be drilled to a total depth of 2,950 metres was spudded …