Eurasia Journal News

Pertamina and Petronas Aim to Replace Shell in Masela Gas Project

Indonesian and Malaysian state-owned energy companies Pertamina and Petronas plan to jointly buy Shell’s stake in Indonesia’s Masela gas project. This was stated by the Minister of Energy of Indonesia A. Tasrif on the sidelines of the Energy Asia conference in Kuala Lumpur. Companies should soon determine the scheme of …

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Eurasia Journal News

Schlumberger Launches Enterprise Data Solution

Customers will make data-driven decisions faster, at scale, through fully integrated cloud-native solutions powered by Microsoft Energy Data Services. Schlumberger today announced the commercial release of the Schlumberger Enterprise Data Solution, which is powered by Microsoft Energy Data Services. Developed to deliver the most comprehensive capabilities for subsurface data—in alignment …

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Eurasia Journal News

Shell Leads All Oil and Gas Brands as COVID, Ukraine and ESG Issues Disrupt Global Brand Values

Shell is world’s most valuable brand in oil and gas, valued at US$49.9 billion Aramco retains second place globally with 16% brand value growth ADNOC grows strongly, benefits from top brand guardian CEO in industry China’s PetroChina and Sinopec struggle, behind continuing COVID curtain Petronas is world’s strongest oil and …

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Eurasia Journal News

LUKOIL: Reports on Amended Terms of Share Acquisition in Shah Deniz Project

PJSC “LUKOIL” announces the signing of amendments to the agreement concluded in October 2021 on the acquisition of a share in the Shah Deniz project from PETRONAS. In accordance with the new arrangements, the share acquired by LUKOIL is reduced from 15.5% to 9.99% with proportional decrease in the transaction …

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Eurasia Journal News

LUKOIL Increases its Share in the Shah Deniz Project in the Caspian Sea

PJSC LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. The value of the transaction will amount to $2.25 billion, and the completion is subject to fulfilment of conditions precedent, including approval …

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Russia Oil Gas Magazine

SPE Paper Shows Drilling the Rig on a Simulator (DWOS) Boosts Human Performance by 63%

DWOS project to train Petronas crew members for a specific deep-water drilling campaign has shown how human performance can be improved by 63% by drilling the well on a simulator beforehand. Details of the project’s success have been presented at the Society of Petroleum Engineers (SPE) in a Whitepaper entitled …

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Conference and Exhibition News and Updates

SPE Annual Caspian Technical Conference and Exhibition: High Level Panel Target Hot Topics

This year’s SPE Annual Caspian Technical Conference and Exhibition—taking place 4–6 November in Baku, Azerbaijan—will feature three high-level panel sessions addressing the most topical trends, challenges and opportunities facing the oil and gas industry in the Caspian. The three panel sessions have the confirmed participation of some of the region’s …

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Eurasia Journal News

Statoil Completes Sale of 15.5% Share in Shah Deniz to PETRONAS

On Thursday 30 April 2015, Statoil and the Malaysian oil and gas company PETRONAS completed their transaction, announced previously on 13 October 2014. The sale involved the transfer of Statoil’s 15.5% participating interest in the Shah Deniz production sharing agreement, 15.5% share in the South Caucasus Pipeline Company (SCPC), 15.5% …

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