Caspian Oil & Gas Limited: June 2012 Quarterly Activity Report
Perth-based exploration company Caspian Oil & Gas Limited (ASX: CIG) reports its activities for the June 2012 quarter. Highlights In line with the Company’s strategy of assessing new opportunities and following a period of due diligence, Caspian Oil & Gas has entered into a Heads of Agreement for the purchase of …
BP Second Quarter 2012 Results
BP today reported its quarterly results for the second quarter of 2012. Underlying replacement cost profit for the quarter, adjusted for non-operating items and fair value accounting effects, was $3.7 billion, compared with $5.7 billion for the same period in 2011 and $4.8 billion for the first quarter of 2012. …
Rosneft and Eni Sign Agreement to Finance Geological Exploration Works at Three Offshore Russian License Blocks
Rosneft and its subsidiary Val Shatskogo have signed an agreement with Eni Energy Russia B.V. to finance geological works at three offshore Russian license blocks: the Fedynsky and Central Barents blocks in the Barents Sea and the Western Chernomorsky block in the Black Sea. Under the agreement, Eni will fully …
KMG EP has Signed Share Purchase Agreement with MOL Hungarian Oil and Gas Plc. for the Sale of 49% of Shares in JSC Karpovskiy Severniy
KazMunaiGas Exploration Production JSC announced the conclusion of the Share Purchase Agreement with MOL Hungarian Oil and Gas Plc. on sale of 49% of shares in Karpovskiy Severniy JSC. Karpovskiy Severniy JSC is a subsoil use right holder under the Contract for Exploration of Oil, Gas and Condensate at Karpovskiy …
Novatek reports preliminary operating data for the second quarter and first half 2012
NOVATEK reported preliminary production data for the second quarter and first half 2012. Gross production for the second quarter totaled 14.04 billion cubic meters of natural gas and 1.04 million tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.91 billion cubic meters, or by …
Krasnoleninsky Project – Exploration Drilling Update
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”), an oil and gas exploration company with assets in Russia and Kazakhstan, announces that it has commenced drilling a new exploration well. The Company owns a 75% equity interest in the exploration rights to four blocks, covering a total area …
Exillon Energy plc – May Production Reportand Drilling Update
Exillon Energy plc (EXI.LN), a London Premium listed independent 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 May 2012. · Average daily production1 for the Group was 11,320 bbl/day during the period. …
Max Petroleum Plc: Operational Update 8 June
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area. Successful Appraisal Well at Asanketken The ASK-J2 appraisal well in the Asanketken Field has reached a total depth of 1,401 …
TyumenNIIgiprogaz: Exploration Planning Principles for the Omorin License Block
Gorlov Ivan Vladimirovich: Head of Field Geology, Geophysics & Estimation of Reserves department, TyumenNIIgiprogaz Kachinskas Igor Victorovich: Junior Research Fellow, TyumenNIIgiprogaz Sankova Natalya Vladimirovna: Junior Research Fellow, TyumenNIIgiprogaz The Omorin license block (LB) is located in the Baykit oil-and-gas area in the Leno-Tungus petroleum province (fig. 1). Two petroleum deposits …
KazMunaiGas Exploration Production: Q1 Results – Profit up 8%
JSC KazMunaiGas Exploration Production announces its condensed consolidated interim financial statements for the three months ended March 31, 2012. – Revenues increased by 8% to 207bn Tenge (US$1,396m)1 compared to the same period of 2011 on higher Brent and domestic prices offset by reduced export volumes. – The average price of Brent …