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Russia & CIS, OIL & GAS News

  • Condor Petroleum: Appraisal Well at Kiyaktysai Hits 71m of Pay December 19, 2014 - Condor Petroleum Inc. is pleased to provide an update on operational activities on the Zharkamys West 1 Territory in Kazakhstan (“Zharkamys”). Appraisal Well at Kiyaktysai encounters multiple reservoirs: The KN-E-205 Primary Basin appraisal well was drilled to a total depth of 1876 meters and encountered three sandstone reservoirs from 1208-1410 meters, ...
  • Shelton Petroleum AB: Agreement to dissolve the cross-ownership with Petrogrand December 19, 2014 - Shelton Petroleum and Petrogrand have entered into an agreement to dissolve the cross-ownership between the companies through a share swap. The exchange ratio is 0.40 shares in Shelton Petroleum for each share in Petrogrand. The agreement is subject to shareholder resolution at general meetings in both companies. Dissolving the cross-ownership ...
  • Rosneft Board of Directors Approves 2015-2016 Business Plan December 19, 2014 - On December 18, Rosneft’s Board of Directors reviewed preliminary results of the Company’s performance in 2014 and approved the 2015-2016 plan. According to preliminary data, in 2014 the Company’s growth in reserves exceeded planned rates and is expected to reach over 450 million TOE. In particular, drilling of the world’s ...
  • 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 ...

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, ...
  • 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. ...
  • The Inaugural SPE Caspian Technical Conference and Exhibition (CTCE) Sets a High Standard December 16, 2014 - The inaugural SPE Caspian Technical Conference and Exhibition (CTCE) – the first technical oil and gas conference ever to take place in the region – has come to a close after three packed days.    Over 500 industry professionals passed through the doors of the Korme Exhibition Center in Astana ...
  • 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”) ...
  • Sercel SeaPro Nav Performs Successfully on Multi-Vessel Surveys December 10, 2014 - Sercel is pleased to announce that its SeaPro Nav Integrated Navigation System has been successfully deployed on another major multi-vessel survey. SeaPro Nav is currently being deployed on a major wide-azimuth (WAZ) survey conducted by CGG in the Gulf of Mexico. The navigation system was previously used as the master ...

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 ...
  • Repsol and the Spanish Red Cross sign a framework agreement to help the most vulnerable December 4, 2014 - Press Release 13 October 2014 18:18 CET Repsol and the Red Cross have signed a framework agreement to enhance collaboration between the two entities and open a new area of co-operation to further undertake activities ...
  • Appendix 3X (Tilbrook) December 4, 2014 - ​Click to view the full announcement:  Appendix 3X (Tilbrook) Source Article from http://www.woodside.com.au/Investors-Media/Announcements/Pages/Appendix-3X-(Tilbrook).aspx Related posts: Appendix 3Z (Cole) Appendix 3Y (Cole) Appendix 3Y (Cooper, Haynes, Jamieson, Ryan) CEO address at METI LNG Conference Resignation of Director Appointment of Non-Executive Director NWS Project Approves Development of Persephone Project Woodside Enters into ...
  • Appendix 3Z (Cole) December 4, 2014 - ​Click to view the full announcement: Appendix 3Z (Cole) Source Article from http://www.woodside.com.au/Investors-Media/Announcements/Pages/Appendix-3Z-(Cole)-.aspx Related posts: Appendix 3Y (Cole) Appendix 3X (Tilbrook) Appendix 3Y (Cooper, Haynes, Jamieson, Ryan) Resignation of Director CEO address at METI LNG Conference Appointment of Non-Executive Director NWS Project Approves Development of Persephone Project Woodside Enters into ...
  • NWS Project Approves Development of Persephone Project December 4, 2014 - Woodside, as Operator of the North West Shelf (NWS) Project, advises that the NWS Project participants have approved the Persephone Project off the north-west coast of Australia. The Persephone Project is the third major gas development for the NWS Project in the past six years, demonstrating the joint venture’s commitment ...
  • Resignation of Director December 4, 2014 - Woodside advises Rob Cole has resigned as an Executive Director of Woodside. His resignation will be effective immediately. Mr Cole has also resigned as Executive Vice President Corporate and Commercial. ​Click to view the full announcement: Resignation of Director   Source Article from http://www.woodside.com.au/Investors-Media/Announcements/Pages/Resignation-of-Director.aspx Related posts: Appointment of Non-Executive Director ...