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, …
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. …
Slavneft’s Subsidiaries produced 8.9 mln tons of crude oil in HI 2012
In January-June, 2012, Slavneft’s Subsidiaries extracted 8.9 mln t of crude oil and 424.6 mln m3 of gas in accordance with the Business Plan. The crude oil production volume decreased by 0.5% and the gas production volume increased by 0.5% against the similar period of the previous year. From the …
Exillon Energy plc: Commissioning of Transneft Entry Point
12 July 2012 – 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 the commissioning of its own Entry Point to the Transneft pipeline network. All regulatory approvals have been …
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 …
Tatneft Held a Traditional Oil Summit
The oil forum was attended by Ildar Khalikov, Prime Minister of Tatarstan, heads of ministries and departments of the Republic of Tatarstan, top management and professionals of OAO TATNEFT headed by Shafagat Takhautdinov, General Director of OAO TATNEFT, Vladimir Busygin, General Director of OAO “Nizhnekamskneftekhim”, heads of petrochemical, crude oil …