Zhaikmunai to Acquire Neighbouring Oil & Gas Fields
Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise with assets in north-western Kazakhstan announces that, on 17 August 2012, Zhaikmunai LLP signed Asset Purchase Agreements to acquire 100% of the subsoil use rights related to three new oil & gas fields in Kazakhstan. Completion of the acquisitions, …
Alliance Oil Company: Operational update for July 2012
Alliance Oil Company’s average daily oil production for July 2012 amounted to 53,732 bopd. In the first seven months of 2012, oil production totalled 11.7 mbbl compared to 9.2 mbbl in the same period in 2011. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 83,643 bopd in July 2012. In the first seven months …
Modernization of oil and gas refining facilities will be discussed in Moscow September 18th
Modernization of oil and gas refining facilities will be discussed in Moscow September 18th Annual international conference “Modernization of oil and gas refining facilities” (Neftegazopererabotka- 2012) will be held September 18th in Radisson Slavyanskaya Hotel. The key issue to be discussed at the conference “Neftegazopererabotka” is modernization of the oil-refining …
Tatneft: Lifting of a Unique Fractionator Was Carried out at the Hydrocracking Installation Construction Site
Lifting of a unique fractionator, which is a major unit of the combined hydrocracking installation, was carried out at the construction site of the oil refineries and petrochemical plants complex in Nizhnekamsk. Four heavy equipment units: two high pressure separators, an absorber and a circulating gas compressor separator for the …
Bashneft initials the contract for exploration and development of Block 12 in Iraq
The Iraqi Ministry of Oil and the Consortium comprised of Bashneft (70%) and Premier Oil (30%) initialled the contract for geological exploration, development, and production at Block 12 today in Baghdad. The contract was submitted for approval from the Council of Ministers of the Republic of Iraq. The obligatory five-year geological exploration programme at Block 12 (which can be extended twice, …
Rosneft and ITERA Group Close Deal to Create Joint Venture to Produce and Sell Gas
Rosneft and ITERA Group have closed a deal to create a joint venture on the basis of ITERA Oil and Gas Company to produce and sell gas in line with the terms of a strategic cooperation agreement signed on 28 February 2012. Rosneft obtained 51% in the joint venture in …
Exillon Energy plc: July Production Report and Drilling Update
Exillon Energy plc, 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 July 2012 (“the Period”). · Average daily production[1] for the Group was 12,330 bbl/day during …
Rosneft: Growth of Hydrocarbon Production by 2.5%, Free Cash Flow of 25 Billion Rubles for Q2 2012
Rosneft published its consolidated IFRS financial results for Q2 2012 and H1 2012. Key financial and operating results H1 2012 H1 2011 Change, % Q2 2012 Q1 2012 Change, % Operating results Hydrocarbon production (th. boepd) 2 628 2 565 2,5% 2 621 2 634 (0,5)% Crude oil production (th. bpd) 2 410 2 362 2,0% …
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. …