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Russia & CIS, Oil & Gas News

  • PetroNeft Resources: December 2014 Operations Update December 18, 2014 - PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations. Licence 61 Arbuzovskoye 106 well now in production at a stabilised average rate of 170 bopd Arbuzovskoye 103 well drilling ahead Drilling of Tungolskoye 5 horizontal ...
  • Rosneft Acquired Commercial Inflows of Hydrocarbons on the Licensed Blocks of Irkutsk Region December 18, 2014 - Commercial inflows of oil, gas and condensate have been acquired in four exploration wells on Rosneft’s licensed blocks, which were handed over to Verkhnechonskneftegaz for operational activities on geologic survey, exploration and production of hydrocarbon crude. According to the results of drilling and probes, maximum rates totaled up to 60 ...
  • RDCR 2015 – Less than 4 months to go! December 17, 2014 - The 3rd RDCR is taking place in less than 4 months at the Baltschug Kempinski Hotel in Moscow – have you ensured your attendance? The 9th April will see the 3rd instalment of the hugely successful RDCR – the leading drilling technology event for the Russian oil and gas sector. ...
  • NOVATEK: Launch of Second Stage of the Urengoyskoe Field December 17, 2014 - NOVATEK announced today that SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) launched the second stage of the Urengoyskoye field (within the Samburgskiy license area) including the second train of the gas condensate de-ethanization unit. Overall capacity of the two stages of field development is approximately 13 billion ...
  • Rosneft Statement About the Use of Bond Issues December 17, 2014 - Rosneft affirms that the bond issue by the Company is done with the sole scope of financing its project in the Russian Federation. The Company generates enough cash flow in foreign currencies in order to meet its loan repayment obligations. Until the need for repayment within the realization of its ...
  • Note From the Editor, ROGTEC Magazine December 16, 2014 - Welcome to issue 39 of ROGTEC Magazine. As a quarterly publication, we will be celebrating a decade of publishing Russia and the Caspian’s leading upstream publication in our next issue. During the last 10 years we have seen the market change, evolve, crash and boom – not necessarily in that ...
  • RN-Uvatneftegaz Produces 50 millionth Ton of Oil December 16, 2014 - RN-Uvatneftegaz, a subsidiary of Rosneft, produced 50 millionth ton of oil since the start of Uvat project implementation in 2004. In 10 years of enterprise performance the annual oil output increased almost by 10 times – from 1.2 mln tons in 2004 to about 10 mln tons, expected by the ...
  • Urals Energy: Board and Company Update December 16, 2014 - The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces various Board role and management changes, along with a litigation and general update. Board Changes Mr Leonid Dyachenko, who is presently an Executive Director of the Company and has held the position of CEO ...
  • C.A.T. oil AG: Points to Errors in Joma Industrial Source Corp Bid December 16, 2014 - The management board of C.A.T. oil AG (Company) (ISIN: AT0000A00Y78; WKN: A0JKWU) was informed by AB PCO Investment Limited (Cyprus) (AB PCO), an investment vehicle of the member of the management board Anna Brinkmann, on 12 December 2014 that the offer document which was published by Joma Industrial Source Corp. ...
  • Roxi Petroleum: Sinopec Spuds BNG New Deep Well, Work to Free Stuck Coiled Tubing Continues December 16, 2014 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its BNG asset. BNG Background The BNG Contract Area is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of ...
  • Urals Energy: Inga Srenger Steps Down to Focus on Petraco Oil Company Role December 16, 2014 - Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mrs Inga Srenger has notified the Board of Urals Energy (the “Board“) of her decision to resign from the Board with immediate effect. Mrs Srenger has informed the Board that her decision is due to ...
  • Zoltav Resources: Board Shake Up – Alastair Ferguson To Become Executive Chairman, December 15, 2014 - Zoltav Resources, the CIS-focused oil and gas exploration and production company, is pleased to announce a number of changes to the board with effect from 31 December 2014. Symon Drake-Brockman will be stepping down as executive chairman of the board and will become a non-executive director. Alastair Ferguson (currently an executive ...
  • Sibur Holdings: Financial Results – Revenues Up 33.5%, APG Up 6.1% December 12, 2014 - PAO SIBUR Holding, an integrated gas processing and petrochemicals company, today published its operational and financial results for the nine months ended 30 September 2014 in accordance with International Financial Reporting Standards (IFRS). Operational highlights Associated petroleum gas (APG) processing volumes increased by 6.1% year-on-year Raw natural gas liquids (raw ...
  • KMG EP: Aksay Oil and Gas Field Put on Stream December 12, 2014 - KazMunaiGas Exploration Production JSC  announces that JV Kazgermunai’s Aksay oil and gas field located in Kyzylorda region has been put on stream. At the commissioning ceremony, KMG EP Chief Executive Mr Abat Nurseitov said: “Aksay field commissioning will allow Kazgermunai to maintain oil production at current level. Also, additional volumes ...
  • Joma Industrial Source Corp: Makes Mandatory Offer for C.A.T. oil AG at 15.2 Eur a Share December 11, 2014 - Today, JOMA INDUSTRIAL SOURCE CORP., which is a company indirectly owned by the French veteran oil manager Maurice Dijols, has published – after acquiring a controlling interest – its mandatory offer to the shareholders of C.A.T. oil AG headquartered in Vienna. The offer document was approved by by the German Federal Financial Supervisory Authority ...
  • C.A.T. oil AG: To Carefully Consider Joma Industrial Offer December 11, 2014 - Management Board and Supervisory Board will publish their reasoned opinion on the offer in due course C.A.T. oil AG one of the leading providers of oil and gas field services in Russia and Kazakhstan, notes today’s publication of the offer document for the mandatory public takeover offer announced by Joma Industrial Source Corp. (“Joma Industrial”) ...
  • Novatek: Urengoyskoye, Stage 1, Reaches Full Design Capacity December 11, 2014 - OAO NOVATEK announced today that the first stage of the Urengoyskoye field within the Samburgskiy license area developed by SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft)  reached its full design capacity of approximately seven (7) billion cubic meters (bcm) of natural gas and 2.5 million tons of ...
  • Exillon Energy: Produces 17,808 bbl/day in November December 11, 2014 - Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia , is pleased to announce unaudited production data for the month of November 2014 (“the Period”). ·     Our average daily production[1] was 17,808 bbl/day during the period. ·     Average ...
  • Shelton Petroleum: November Production Dips, Pumps to Be Replaced in December December 11, 2014 - Shelton Petroleum’s total oil production in November 2014 amounted to 25,590 barrels, equivalent to 853 barrels per day. The table below summarizes the production broken down by oil field.   Nov 2014 Nov 2013 Jan-Nov 2014 Jan-Nov 2013 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 10,110   11,020 114,731 115,085   126,565 ...
  • Bashneft: Shares Back in State Hands December 10, 2014 - Today, JSOC Bashneft was notified by its registrar, OJSC Reestr, that the Company’s majority shareholder has changed. According to the notification, 122,971,934 ordinary shares and 6,192,245 preferred shares of JSOC Bashneft (71.62% of its authorized share capital) have been transferred from the accounts of OJSC JSFC Sistema and CJSC Sistema-Invest ...
  • KMG EP’s Board of Directors Approve the Budget for 2015 December 10, 2014 - JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting on December 8, 2014. At the meeting the Board approved the budget for 2015 which assumes a Brent oil price of US$70 per barrel. Planned production in 2015 is expected to be 5.4 million tonnes (109 kbopd) from JCS ...
  • Gazprom Neft: Investors in Iraq’s Badra Field to Start Seeing Returns December 10, 2014 - In the 90 days up to late November 2014 around 15,000 barrels per day were released from the Badra oilfield into Iraq’s main pipeline system. This is in line with the basic terms of the field’s development contract. The Badra field is operated by Gazprom Neft. Once the field is ...
  • Rosneft: Launches Long Term Strategic Plan – Reduce Cost Base Whilst Increasing Performance, Develop Powerful OFS Business December 9, 2014 - At its meeting December 9, the Rosneft Board of Directors approved the main strategic objectives for Company developments. In particular, Board of Directors members endorsed Rosneft Development Strategy and Long-term Development Program until 2030. The Company’s strategic goals aimed to enhance leadership in terms of volumes of production and reserves ...
  • Rosneft: Vankorneft Starts Construction of Suzun Field Pipeline December 9, 2014 - Vankorneft, a subsidiary of Rosneft, in compliance with the program of Suzun field development started construction of pressure oil pipeline to connect Suzun and Vankor oil fields. Total length of the oil pipeline will be 101 km. The project implementation became possible due to a complex of technical and managerial ...

Latest Issue

Rosneft-1
Russia Upstream Magazine

Rosneft: The Petroleum Potential of the Middle Devonian Deposits of the Sorochinsko-Nikolskoye Field in the Orenburg Oblast

Introduction The appraisal of the Sorochinsko-Nikolskaya block began in the middle of the 20th century: geological prospecting work resulted in the discovery of reservoirs in the Artinskian, Ufimian, Okskian, Bobrikovskian and Tournaisian deposits. Devonian deposits have been poorly appraised, the appraisal only covered Upper Devonian. In the Upper Devonian deposits …

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PowerGeneration-Roundtable
Oil Gas Technology RoundtablesRussia Upstream Magazine

Technology Roundtable: Power Generation

Organising power generation for an oilfield used to be a simple case of purchasing a power supply. Nowadays this has evolved into choosing a turnkey, specifically designed technology solution. Do you agree with this? How do you tailor your solutions for your customer’s needs? Caterpillar Oil & Gas: Our customers’ needs have evolved over …

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RPI
Russia Upstream Magazine

Russian Drilling Market: A Paradigm Shift

In all likelihood, the year 2014 will go down on record as a turning point for the Russian drilling market. New trends have been seen on this market for the first time in several years, i.e. a decline in the scope of total drilling instead of growth that was recorded …

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EnergyAspects
Russia Upstream Magazine

Gazprom & Russian Gas Production Overview & Future Developments

In the first part of this article, we look at reserves and major projects for the Russian upstream gas sector. In part 2, to be published in the next issue of ROGTEC Magazine, the article will conclude by looking at the production outlook, including market risks.  One of the conundrums …

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Rosneft-2
Russia Upstream Magazine

Udmurtneft: Applictaion of Fibre Glass Tubing

Introduction The fields at Udmurtneft are at the late stage of development, which is characterised by a high water cut and also the corrosiveness of the produced fluid, which are the main reasons for a considerable number of downhole pumping equipment failures caused by corrosion. The use of fresh surface …

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SPD
Russia Upstream Magazine

SPD Implements Innovative Self Healing Pipe Dope Technology

Salym Petroleum Development (SPD), a 50/50 joint venture of Shell and Gazprom Neft companies, collaborates closely with Shell Global Solutions (SGS) on the realization of new technologies in the Salym group of oil fields. SPD is renowned in the West Siberian oil and gas industry to be a leading incubator …

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Drillmec-Show moscow
Russia Upstream Magazine

Drillmec Conference: AHEAD & HoD

The Mobius Group was proud to host a turnkey, privately organized conference for Drillmec S.p.A. in central Moscow, on the 28th October, “The Drillmec Russian Technology Conference”. The Drillmec Russian Technology Conference, held at the Kempinski Baltschug, is one of Moscow´s most famous and prestigious 5 Star venues and was …

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Eriell
Oil Gas Industry InterviewsRussia Upstream Magazine

The ROGTEC Interview: Mikhail Vilkov, Deputy General Director – Chief Engineer of RBU Russia, ERIELL Group

A year ago, ERIELL Group broke a number of records in drilling the first 1km horizontal well at the the Urengoyskoye oil and gas condensate field in the Yamalo-Nenets Autonomous District. The well was drilled in the Achim deposits. During drilling, we broke our own records for both drilling time …

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Show-Review
Russia Upstream Magazine

ROGTEC on the Road!

The ROGTEC Magazine team were all over the region this autumn, exhibiting/distributing the latest issue at the leading events such as SPE Moscow, Sakhalin O&G, SPE Caspian, NGK, RPI and we were proud to be the only mainstream Russian magazine to have attend the KIOGE event in Almaty with a …

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World News

  • BG Group revises Chief Executive remuneration package December 4, 2014 - BG Group revises Chief Executive remuneration package 1 December 2014 Following extensive shareholder consultation, the BG Group Board and Helge Lund wish to respond to BG Group shareholder concerns. The Company today announces revisions to the remuneration package for its new Chief Executive, Mr Lund. The revised package ...
  • Repsol launches its new range of lubricants, Repsol Moto’, designed with MotoGP technology December 4, 2014 - Press Release 8 November 2014 14:30 CET Repsol has presented ‘Repsol Moto’, the new range of lubricants that is already available to purchase. The event was held during the Valencia Grand Prix leg of the ...
  • Repsol net income rises 28% to 1.646 billion euros December 4, 2014 - Press Release 6 November 2014 08:10 CET In the first nine months of 2014, Repsol posted net income of 1.646 billion, a 27.9% rise from the same period of the previous year. These results reflect ...
  • Repsol makes a significant oil discovery in the United States’ Gulf of Mexico December 4, 2014 - Press Release 27 October 2014 14:10 CET Repsol has made a new discovery of high quality oil in the United States’ Gulf of Mexico. The find was made 352 kilometres from the Louisiana coast in ...
  • Repsol and Indra win award for offshore safety technology project December 4, 2014 - The pioneering HEADS project, jointly developed by Repsol and Indra, has been recognised by World Oil magazine as “Best Health, Safety, Environment/Sustainable Development Offshore.” The project involves cutting-edge technology, the only of its kind in the world, aimed at maximising safety in offshore operations. Repsol contributed its extensive knowledge ...

Company News

  • J D Neuhaus Hoists Facilitate Crane Repairs On An Offshore Platform December 18, 2014 - When the diesel engine of a deck crane failed, it caused major handling problems for an offshore platform operating in the Dutch sector of the southern North Sea, problems that were solved with the use of J D Neuhaus air operated hoists. The crane was operating at 40 metres above ...
  • Technip Drops Plans to Acquire CGG December 17, 2014 - CGG notes the announcement made by Technip today that it no longer intends to file a tender offer for CGG. Since the beginning of this unsolicited approach by Technip on November 10, CGG remained open to dialogue and studied all proposals of Technip taking into account the interests of its ...
  • TGS: Kristian Johansen Appointed COO December 17, 2014 - The Board of TGS is pleased to announce the appointment of Kristian Johansen to the newly created role of Chief Operating Officer (COO), effective 1 February 2015. Kristian joined TGS in 2010 as Chief Financial Officer. Prior to joining TGS, Kristian was the Executive Vice President and CFO of EDB Business ...
  • Frost & Sullivan: Unconventional Oil and Gas to Play an Important Role in Altering the Global Fuel Mix December 16, 2014 - A new analysis  presents the key trends that will  transform the global market over the next decade and beyond While crude oil prices are sliding, many companies and governments are cautiously investing in new as well as existing technologies to obtain oil and gas (O&G) from unconventional sources. Unconventional O&G ...
  • DNV GL Establishes Recommended Practice To Manage Integrity Of Subsea Production Systems December 16, 2014 - Hot on the heels of a new Recommended Practice (RP) for subsea lifting, DNV GL has now published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). The aim is to help operators carry out maintenance activities at the most cost effective intervals, ...

Technology Focus

  • NorLense: Oil Trawl Sets New Standards for Oil Spill Response - The newly developed Oil Trawl from NorLense attracts international interest – and sets new standards for efficient oil spill recovery: – The system collects, concentrate and store oil in one operation – Can be operated by one vessel and one person – Deployment-time reduced to formidable 10 minutes – Integrated ...
  • Dolphin Geophysical: Selects Q-Marine Streamer Technology - Previously, Dolphin announced that a selection of next generation streamer technology would be made in 2014. Based on thorough evaluation, Dolphin has selected the proven WesternGeco Q-Marine* point-receiver marine seismic system for the Polar Empress. This purchase of the Q-Marine system is a first step towards a potential opportunity for ...
  • Hardbanding Solutions: New Hardbanding Procedure Increases Service Life Of Completion Tubing Connections - A new standard operating procedure for the application of Duraband® NC hardbanding on completion tubing connections has just been released by Hardbanding Solutions by Postle Industries.  The upset connections of 2-7/8 and 2-3/8 tubing are experiencing excessive wear in many drilling environments, especially horizontal drilling.   This excessive wear is not ...
  • Gazprom Neft: Launches “GeoMate” Proprietary Geological Information System - Gazprom Neft has completed testing of its proprietary “GeoMate” IT system, allowing the collation and analysis of geological information across all producing assets owned by the company. Gazpromneft-Noyabrskneftegaz,Gazpromneft-Murvalenko, Gazpromneft-Khantos, Gazpromneft-Vostok, and Gazpromneft-Orenburg are all now connected to the system, on a single, integrated platform. The software and engineering behind the new system were developed by experts at the Gazpromneft ...
  • Tercel Oilfield: Launches Premium Series of Roller Cone Drill Bits - Tercel Oilfield Products today announced the release of its new Premium series Roller Cone Drill Bits. Tercel’s premium bearing roller cone bit line has – at its foundation – precision machined bearing races that are matched to provide the optimum fit and finish for extended operations, even with parameters of ...