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Russia & CIS, Oil & Gas News

  • Bashneft and Yokogawa Sign Partnership Agreement January 29, 2015 - JSOC Bashneft and Yokogawa Electric Corporation have signed a Long-Term Partnership Agreement on supplying production facilities of the refining complex in Ufa with Automatic Process Control Systems (APCS) and Instrumentation and Control Equipment (I&C). The document was signed by Alexander Korsik, President of JSOC Bashneft, and Shuzo Kaihori, Chairman and ...
  • GlobalData Analyst: Russia’s Oil and Gas Tax Policies Increasingly Looking Eastward January 29, 2015 - The recent changes in the taxation of Russia’s oil and gas sector reflect both the country’s pivot eastward and the special treatment afforded to its state-controlled energy companies, says an analyst with research and consulting firm GlobalData. Russia’s recent fiscal changes shift the tax burden from export duty on oil ...
  • Gazprom: 2014 Results, Sales Up, Profits Down January 29, 2015 - Today Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2014. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended ...
  • 2nd Unconventional Oil Russia Technology Conference – Date and Venue Confirmed January 29, 2015 - We are pleased to be able to announce that Russia’s premier unconventional oil event, UOR, Unconventional Oil Russia Technology Conference, is returning for its second year. The 2nd UOR will take place on the 21st May 2015 in Moscow at the Baltschug Kempinski Hotel. With the falling oil price, western sanctions ...
  • Gazprom Neft: Gas-Turbine Thermal Power Plant Delivered to the Vostochno-Messoyakhskoye Field January 29, 2015 - The transportation of six 13MW gas-turbine power units to the Vostochno-Messoyakhskoye field, for construction of a gas-turbine thermal power plant (GTPP), has now begun. The equipment is currently in Novy Urengoy, from where it will be transported (on winter roads) for installation on pre-prepared foundations. The GTPP will be brought into operation in 2016, following construction of the turbine hall and all auxiliary ...
  • TATNEFT: Reservoir Pressure Maintenance System Development January 29, 2015 - JSC TATNEFT continues developing promising technologies for reservoir pressure maintenance (RPM) aimed at reducing energy costs and increasing production efficiency. The Company continued to work on injection wells downhole equipment protection against high pressure and corrosion as well as on optimization of the reservoir pressure maintenance processes. 199 new injection ...
  • LUKOIL: Board of Directors Summarises Company 2015 Preliminary Performance and Sets Priorities for 2015 January 29, 2015 - The LUKOIL Board of Directors held a meeting in Moscow today to summarize the preliminary results of the company performance in 2014 and set priorities for 2015 and the near term. In 2014, as a result of prospecting, 14 fields were discovered, while 38 oil deposits were identified in the ...
  • Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing January 28, 2015 - “Gazprom Neft-Khantos” completed the first two test wells drilled in the south licensed the Ob field to explore reserves Bazhenov horizon. Both directional wells conducted hydraulic fracturing (HF), a flow of hydrocarbons in the near future will be completed testing of two similar wells. “Gazprom Neft-Khantos” many years develops traditional ...
  • LUKOIL: Sends Official Letter to the Ukrainian Security Service January 28, 2015 - The OAO LUKOIL Press Service announces that the company has sent an official letter to the Ukrainian Security Service’s Main Investigation Department laying out LUKOIL position as regards the current situation around its operations in Ukrainian territory. The letter says, among other things, that LUKOIL entered the international arena more ...
  • KazMunaiGas Announces Operating Results for 2014 January 27, 2015 - KazMunaiGas Exploration Production today announces its full year operating results for 2014. Overall, in 2014 KMG EP, including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), produced 12,328 thousand tonnes of crude oil (250kbopd), which is 60,000 tonnes (less than 1%) lower compared to 2013. Ozenmunaigas JSC ...
  • Volga Gas: Not For Sale – Market Conditions Force Rethink January 27, 2015 - Conclusion of Formal Sale Process Following the announcement by the Company of a formal sale process on 5 June 2014 a number of proposals were received from interested parties. However none of the proposals have been deemed by the Board to represent a fair value for the Company.  In light ...
  • Petrogrand and Shelton Petroleum Fail to Solve Cross Company Ownership January 26, 2015 - An Extraordinary General Meeting of the shareholders in Petrogrand was held earlier today. The EGM was convened by the Board of Directors of Petrogrand for purposes of resolving on a proposed agreement with Shelton Petroleum AB to dissolve the cross-ownership between the companies. Despite the news that an Extraordinary General Meeting ...
  • Construction Projects Implementation Department of Tatneft Summed up Results of Operation in 2014 January 26, 2015 - The JSC TATNEFT’s Construction Projects Implementation Department (URPS) summed up the results of the production plans and workforce’s collective agreement implementation for 2014. The URPS supervised the projects related to the continued construction of the TANECO Complex, reconstruction of the “Nizhnekamsk CHP” and development of Ashalchinskoye extra-viscous oil deposits. The ...
  • Tethys Petroleum: Extends Kyzyloi Gas Production Contract for 15 Years January 23, 2015 - Tethys Petroleum Limited today announced that its wholly-owned Kazakh subsidiary, TethysAralGaz LLP, has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Kyzyloi Gas Production Contract for another 15 years, from June 14, 2014 to December 31, 2029. The Ministry of Energy has granted ...
  • Tethys Petroleum: Cost Reduction Program January 22, 2015 - Tethys Petroleum Limited is pleased to provided a further update to our shareholders. The Board and Executive Management believe that good progress has been made since the recent Board changes. Key achievements: Agreement to restructure Georgian project Substantial Corporate G&A and Kazakhstan cost reductions New US$6 million loan financing Extension of ...
  • Exillon Energy: Produced an Average of 17,558 bbl/day in December January 22, 2015 - Exillon Energy plc, a London Premium listed 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 December 2014 (“the Period”). ·     Our average daily production[1] was 17,558 bbl/day during the ...
  • Rosneft Launched Pilot Operations at the Severo-Danilovskoe Oil and Gas Condensate Field January 21, 2015 - Rosneft launched pilot operation at the Severo-Danilovskoe field located within the Danilovsky license area in the north of Irkutsk Region. The field is operated by public joint-stock company Verkhnechonskneftegaz, part of the Rosneft Group. The pilot operation phase will last three years during which three wells will be flow-tested. At ...
  • Bashneft: 2014 Review – Production up 10.8% January 21, 2015 - Bashneft has released its preliminary operating results for the fourth quarter and the 12 months of 2014. In 2014: – Oil production increased by 10.8% to 17,808 thousand tonnes – Production in Bashkiria added 3.9% – New assets in Timan-Pechora and Western Siberia accounted for 8.4% of production – By ...
  • RN-Nyaganneftegaz: 35 Years of Commercial Operations at the Krasnoleninsk Field January 21, 2015 - RN-Nyaganneftegaz, subsidiary of Rosneft, celebrates 35 years of commercial operation of the Krasnoleninsk field. During this period over 180 million tons of oil were produced, more than 120 million of them were produced on Talinskiy block of the Krasnoleninsk field. According to its features the produced oil refers to Urals ...
  • KMG EP: Christopher Hopkinson Elected Chairman of the Board January 21, 2015 - On 20 January 2015, the JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) Board of Directors held a meeting and elected Christopher Hopkinson, the First Deputy Chair of the Management Board of National Company KazMunaiGas (“NC KMG”), as the Chairman of the Board of Directors of KMG EP and ...
  • Roxi Petroleum: Takes $2m From Equity Facility January 20, 2015 - Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with news it has called down a further $2.0 million from the $40 million equity facility announced in January 2013 with Mr. Satylganov, a Director of the Company. This brings the ...
  • Dragon Oil: 2014 Review – Production Up 6.8% January 20, 2015 - Dragon Oil plc, an international oil and gas exploration, development and production company, today issues the following trading statement, which includes an operational update, financial highlights for 2014 and results of the latest reserves assessment for the Cheleken Contract Area, Turkmenistan. All information referred to in this update is unaudited ...
  • Russian Direct Investment Fund Comments on Eurasia Drilling and Schlumberger Merger January 20, 2015 - Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil ...
  • Eurasia Drilling Company To Merge With Schlumberger January 20, 2015 - Eurasia Drilling Company Limited announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, ...
  • Rosneft Started Production at the Sakhalin-1 Arkutun-Dagi Field January 19, 2015 - The participant companies of the Sakhalin-1 consortium are pleased to note that all the works for the start of the commercial oil production at the Arkutun-Dagi field were conducted in strict compliance with the approved schedule, determined technological specifications and subject to all the industrial and ecological safety legislations. Berkut ...

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
Conference and Exhibition News and UpdatesRussia 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
Conference and Exhibition News and UpdatesRussia 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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Event News

  • 2nd Unconventional Oil Russia Technology Conference – Date and Venue Confirmed January 29, 2015 - We are pleased to be able to announce that Russia’s premier unconventional oil event, UOR, Unconventional Oil Russia Technology Conference, is returning for its second year. The 2nd UOR will take place on the 21st May 2015 in Moscow at the Baltschug Kempinski Hotel. With the falling oil price, western sanctions ...
  • RAO/CIS Offshore 2015: Prospects of Development of Offshore Oil and Gas Fields January 29, 2015 - 15 – 18 September 2015, RAO/CIS Offshore, 12th International Conference and Exhibition for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf, will be held in Saint-Petersburg, Russia. RAO / CIS Offshore is the event with a twenty-year history, which leading Russian scientists and the world’s ...
  • The annual meeting of procurement executives of oil and gas companies will be held on March, 17 in InterContinental Moscow Tverskaya Hotel January 21, 2015 - On the 10th annual conference Oil and Gas Industry Supply Chain (NEFTEGAZSNAB-2015) procurement executives of Rosneft, Gazprom Neft, Transneft, Surgutneftegaz, Tatneft, Bashneft will meet with their suppliers. The conference NEFTEGAZSNAB-2015 which is held in InterContinental Moscow Tverskaya Hotel is the biggest Russian event where procurement executives are gathered. The main ...
  • SPE Russian Petroleum Technical Conference 2015 – Call For Papers is Open! January 19, 2015 - “The end of the oil era is still far away,” according to Christophe de Margerie. His prediction serves as the inspiration for this year’s Russian Petroleum Technical Conference, to be held 26-28 October in Moscow. The 2015 conference covers all the key issues and challenges of the oil and gas ...
  • 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. ...

Company News

  • Cubility: Appoints Knut Haga as Chief Technology Officer January 29, 2015 - Cubility AS, an industry-leading provider of solids control solutions that improve efficiencies and HSE around drilling operations, today announced the appointment of Knut Haga as the company’s new Chief Technology Officer. Knut’s role will be to manage Cubility’s technology and R&D strategy, taking responsibility for technological development, project management and ...
  • Russian Direct Investment Fund Comments on Eurasia Drilling and Schlumberger Merger January 20, 2015 - Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil ...
  • Eurasia Drilling Company To Merge With Schlumberger January 20, 2015 - Eurasia Drilling Company Limited announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, ...
  • Schlumberger: Q4 and 2014 Results – $296m Charge for 9,000 Layoffs January 16, 2015 - Houston, January 15, 2015—Schlumberger Limited today reported results for the full-year and fourth-quarter 2014. Full-year results are shown here. – Fourth-quarter revenue of $12.6 billion increased 6% year-on-year – Fourth-quarter EPS of $1.50, excluding charges and credits, grew 11% year-on-year – Board approves 25% increase in dividend, effective April 10, ...
  • Polarcus: Rod Starr to Succeed Rolf Ronningen as Chief Executive Officer January 12, 2015 - Polarcus Limited announces that the Board of Directors has, following a comprehensive selection process, chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod takes up his ...

Technology Focus

  • Tenaris: Improved Operational Performance in Siberia - Dopeless® technology and field services: a reliable combination for the Arctic region. Summary A major development inside the Arctic Circle In 2009, Tenaris supplied the operator with over 180,000m (590,000ft) of 7″ casing tubes with TenarisHydril Blue® Dopeless® connections. Tenaris also provided a broad range of associated field services, supplied ...
  • TATNEFT: Reservoir Pressure Maintenance System Development - JSC TATNEFT continues developing promising technologies for reservoir pressure maintenance (RPM) aimed at reducing energy costs and increasing production efficiency. The Company continued to work on injection wells downhole equipment protection against high pressure and corrosion as well as on optimization of the reservoir pressure maintenance processes. 199 new injection ...
  • Tenaris: Dopeless Proves its Worth in the Caspian - Improved operational performance in extreme weather conditions through Dopeless® technology and Tenaris service support. Dopeless® The use of Dopeless® technology, coupled with Tenaris onsite technical expertise, is helping the customer meet challenging operating conditions. The company’s post-evaluation of a recent casing application – carried out as part of its growing ...
  • Total: Successful Radial Cutting Torch Application in Russia - Weatherford, which specialists successfully completed complex interventions in severe High North environment, is successfully operating with major Russian and foreign operators at the oil fields of the Timan-Pechora Province, Komi Republic, as well as Nenets and Yamal and Nenents Autonomous Areas. Various mills, cutters, perforators and dressing tools, etc. are ...
  • ERIELL Group and Schlumberger Deploy New Rotary Steerable System in Samburgskoye Field - ERIELL Group and Schlumberger today announced the successfully completion of the construction of a 4245 m horizontal well in the Samburgskoye field using the latest rotary steerable system (RSS) from Schlumberger. The combination of the new PowerDrive Orbit vorteX RSS with a customized Smith polycrystalline diamond compact (PDC) bit and ...