CNPC: Looks at Kazakh Asset Purchase
China National Petroleum Company (CNPC) has shown interest to the project Eurasia on the territory of Kazakhstan, Energy First Vice Minister Uzakbai Karabalin said on September 29 in Astana. “CNPC has expressed interest to the project. It can become an important aspect of bilateral cooperation between Kazakhstan and China in …
Beyond Oil and Gas: Kazakhstan Bets its Future on Reform
Recent events in Ukraine and Russia’s anti-Western rhetoric and military posture force European energy consumers to look for alternatives for Russian hydrocarbons. One of the possible suppliers of both oil and gas could be Kazakhstan, which boasts the largest hydrocarbon resources in the oil-rich Caspian basin. Kazakhstan is among the …
ONGC Videsh to Invest $400m on Satpayev
ONGC Videsh Limited (OVL), the external arm of state-run explorer Oil and Natural Gas Corporation, will invest up to $400 million for exploration activities in Kazakhstan, an official said on Wednesday. OVL will invest the amount for exploration activties in its Satpayev block in the central Asian nation, its managing …
Lukoil President Meets With Kazakhstan Leaders
LUKOIL President Vagit Alekperov visited Astana to attend the 28th Plenary Session of the Foreign Investors’ Council under the President of Kazakhstan. As part of his visit, Mr. Alekperov met with Kazakhstan Prime Minister Karim Masimov, executives from Kazakshtan’s Ministry of Energy and KazMunayGas, the national oil company of Kazakhstan. …
Kazakhstan: To Develop the Caspian Depression
Kazakhstan plans to form a consortium with global energy companies to explore and develop potentially huge hydrocarbon reserves in the Caspian Depression, Energy Minister Vladimir Shkolnik said on Monday. Central Asia’s largest economy and the second-largest post-Soviet oil producer after Russia, Kazakhstan for several years has touted the “Eurasia” project, …
Kazakhstan and Turkmenistan Agree Caspian Maritime Border
Kazakhstan and Turkmenistan have agreed to their maritime border in the Caspian Sea despite the continued lack of agreement on the legal status of the Caspian among its five littoral states. Both Kazakh and Turkmen media reported on May 26 that Turkmenistan’s parliament ratified an agreement with Kazakhstan that dated …
Drillmec Drilling Conference, AHEAD & HoD, Astana, Kazakhstan, April 2015
In-line with its rapidly increasing regional presence and portfolio in the Caspian region, Drillmec SPA was proud to host the recent and very successful “Drillmec Drilling Technology Conference”, held in Astana on April 16th The conference, organized and executed by Drillmec SPA, headed by Paolo Manzato, CFO and Diego Ferrandes, …
CGG and Air Control Announce Partnership for Airborne Geophysical Survey Services in Kazakhstan
CGG and Air Control announced today the signing of an agreement to provide airborne geophysical survey services in Kazakhstan. This agreement will allow Air Control to offer the full suite of CGG airborne geophysical technologies for subsurface exploration to oil & gas and mining clients in Kazakhstan. Air Control performs …
EIA: Kazakhstan Report
Kazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia. Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The …
Kashagan Restart Slips to Optimistic Summer of 2016
Kazakhstan’s giant Kashagan oilfield may resume production in the first half of 2016 under an “optimistic scenario”, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Wednesday, putting off his earlier estimate of the restart date. Production from the oil deposit in the Caspian Sea, one of the world’s biggest …