Tengizchevroil to Double LPG Export Through Taman Port in 2018 – Traders
Tengizchevroil (TCO), Kazakhstan’s liquefied petroleum gas (LPG) producer and exporter, plans to raise propane and butane export through Russian port Taman in 2018 to 450,000 tonnes from 240,000 tonnes in 2017, traders said. TCO’s shipments of LPG through Taman port will grow in March to about 40,000 tonnes from 27,000 tonnes …
TCO Reaches Record-High Oil Production in 2017, Seeks to Expand in 2018
ASTANA – Last year was a milestone for Tengizchevroil (TCO), the Chevron-led joint venture operating the Tengiz oil and gas field in Atyrau region, as the company achieved a record-high 28.7 million tonnes in oil production. TCO General Director Ted Etchison reported the 2017 results and plans for 2018 during a …
Kazakhstan’s Tengizchevroil Increases Oil Production
By Ali Mustafayev – Trend: The Tengizchevroil (TCO) oil company produced 28.7 million tons of crude oil (229 million barrels) in 2017, the Director General of the company Ted Echtison said at a press conference in Almaty, Kazakh media outlets reported. Etchison stressed that the mentioned figure is a record …
Kazakh Tengizchevroil Plans to Cut oil Output Due to Maintenance
Tengizchevroil, Kazakhstan’s largest oil producer, plans to cut oil production by 480,000 tonnes in August and by 60,000 tonnes in October due to maintenance works, the Kazakh Energy Ministry told Reuters in emailed comments. The maintenance work will be in two phases between Aug 1 and Sept 2 as well …
Kazakhstan’s Tengizchevroil cuts dividends to finance expansion
Tengizchevroil, Kazakhstan’s biggest oil producer, has reduced dividend payouts to its shareholders Chevron, ExxonMobil, LUKOIL , and KazMunayGaz, KazMunayGaz’s chief executive Sauat Mynbayev said on Thursday. Mynbayev told reporters Tengizchevroil would also borrow about $20 billion to help finance the $37 billion expansion. He did not say what the previous …
Blue Water Shipping Secures New Contract in Kazakhstan for Oil Majors
A consortium led by Blue Water Shipping has been awarded an additional contract by Tengizchevroil (TCO). In 2016, Blue Water Shipping announced the signing of three contracts in connection with the Tengizchevroil (TCO) Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP). For these contracts, Blue Water Shipping is leading two consortiums …
Tenaris: Launches Premium Threading Facility in Aktau
Tenaris introduced today to customers its new premium threading facility in Aktau, Kazakhstan. The new plant will support Tenaris’s long-term agreement with Karachaganak Petroleum Operating (KPO), plus key operator Tengizchevroil (TCO) and will enhance the service offer to other customers operating in major Kazakhstan fields with commercial, technical, field service and supply chain …
Kazakhstan: A Market of Possibilities for Russian Oilfield Service Companies
In August, 2016 the Ministry of Energy of Kazakhstan shared its plans for abandonment of 126 offshore Caspian wells before 2019. And this is just the tip of the issue. The majority of the countries land wells are out-of-date and their rate of decline is accelerating. In Kazakhstan, it is …
Blue Water Shipping: Awarded Third Consecutive Transportation Contract with Tengizchevroil
Earlier this year, Blue Water Shipping announced a major contract, in connection with the TCO FGP project, with a value of US$350 million. For this project, Blue Water Shipping is leading a consortium in partnership with Topaz Marine and Energy which will supply 15 specially designed MCVs for the transportation …
Tengizchevroil: Looking For $37bn of Finance for Planed Tengiz Extension
Tengizchevroil, a Chevron-led joint venture and Kazakhstan’s No.1 oil producer, may take out loans and issue bonds to finance its $37 billion plan to expand production, an official at state oil firm KazMunayGaz said on Thursday. KazMunayGaz also holds a stake in Tengizchevroil. “There are different scenarios, but we think …