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Russia
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CMP Products Targets Russian Growth with Moscow Office Dec 8, 2016Cable gland and cable cleat manufacturer, CMP Products is cementing its presence in the Russian market, with the launch of a Moscow-based company...
BP and Rosneft Create Joint Venture To Develop Prospective Resources in East and West Siberia Jun 20, 2016Rosneft and BP have signed final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the...
JKX Oil & Gas to replace the board of directors Feb 29, 2016JKX says that at a requisitioned General Meeting of the Company held on 28 January 2016 an overwhelming majority of the Company's shareholders voted to replace the previous board
Gazprom, DEPA and Edison sign Memorandum of Understanding Feb 29, 2016Alexey Miller, Chairman of the Gazprom Management Committee, Marc Benayoun, CEO of Edison SpA, and Theodoros Kitsakos, CEO of DEPA SA, signed the Memorandum of
Lukoil starts exploration at Vostochno-Taimyrsky block Feb 29, 2016LUKOIL has started the first stage of exploration activities at the Vostochno-Taimyrsky license block in the Krasnoyarsk region ahead of time. This stage of
Faroe Petroleum declares results of Kvalross exploration well Feb 25, 2016Faroe Petroleum says that drilling has reached target depth on the Wintershall operated Kvalross exploration well in the Barents Sea.
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Russia
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Lukoil granted right to use suboil block in Baltic SeaFeb 23, 2016LUKOIL-Kaliningradmorneft, a wholly-owned subsidiary of PJSC LUKOIL, was granted the right to use a subsoil block of federal significance which includes the D33 oil field in
Romgaz to relinquish EX29 Est Rapsodia Block in the Black SeaFeb 22, 2016Following the results obtained from exploration operations, ROMGAZ and its partners intend to relinquish the EX29 Est Rapsodia Block in the Black Sea
Gazprom taking comprehensive cost optimization measuresFeb 18, 2016The Gazprom Board of Directors took notice of the information about the cost optimization (reduction) trends across Gazprom Group in 2016.
Statoil strengthens its position in UruguayFeb 16, 2016Statoil has signed a farm-in agreement with Tullow to acquire a 35% working interest in offshore exploration block 15 in the Pelotas basin, deepening its position in Uruguay.
Bhagwan Marine secures contract in Russia's Far EastFeb 16, 2016Dynamic Australian marine services provider, Bhagwan Marine (BM), this week signed off on a multi-year, multi-vessel contract to provide marine support to American company Foss Teras Marine on a major
Cub Energy declares director resignationFeb 15, 2016Cub Energy Inc. says that Richard 'Dick' K. Stoneburner has informed the Board that he has resigned as Director of the Company effective today.
Rosneft and Pietro Barbaro to jointly enter global shipping marketsFeb 12, 2016Rosneft and Pietro Barbaro S.p.A. signed a Memorandum of Understanding with the scope of creating a Joint Venture (JV) in the area of international shipping.
Exillon Energy declares January 2016 production figuresFeb 11, 2016Exillon Energy plc declares unaudited production data for the month of January 2016. Average daily production was 15,094 bbl/day during the period.
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Frontera and UkrGasVydobuvannya sign strategic MoUFeb 10, 2016Frontera Resources Corporation has signed a Memorandum of Understanding (MOU) with Ukraine's public joint stock company UkrGasVydobuvannya (UGV), a subsidiary of Ukraine's national
Lukoil's proved oil reserves decreases to 12.6 billion barrelsFeb 10, 2016PJSC LUKOIL finished an evaluation and independent audit of its oil and gas reserves as of December 31, 2015. The evaluation was performed in accordance with the US Securitie
Tethys to gat additional US$1 million from OlisolFeb 9, 2016Tethys Petroleum Limited updates the previously announced US$15 million convertible debt facility with Olisol Petroleum Limited , a wholly owned subsidiary of Olisol Investments
Serinus Energy closes sale of Ukraine interestsFeb 9, 2016Serinus Energy Inc. has closed the sale of its interests in Ukraine to Resano Trading Ltd., an affiliate of the Burisma Group, a Ukraine entity actively involved in
Rosneft and Statoil commence well testing at the North-Komsomolskoye fieldFeb 9, 2016Rosneft and Statoil commenced testing of two production wells of highly viscous oil of the PK1 layer of the North-Komsomolskoye field.The companies are implementing pilot operation of the horizontal wells constructed using best practices related to inflow control and consolidation of entrained solids.
Cub Energy to increase ownership interest in KUBGAS up to 40%Feb 2, 2016Cub Energy Inc. says that pursuant to a letter agreement between the Company's wholly-owned subsidiary, Gastek LLC (Gastek), and Resano Trading Ltd (Resano), Gastek has revoked its notice to
Statoil to explore offshore UruguayFeb 2, 2016Statoil Uruguay B.V. (Statoil) has agreed with Total E&P Uruguay B.V. (Total) to acquire 15% working interest in offshore exploration block 14 in Uruguay. This represents a new impact opportunity for Statoil and a new country entry. Block 14 is located in the Pelotas basin of the South Atlantic Ocean, approximately 200 kilometres off the coast of Uruguay. It covers an area of 6,690 square kilometres in water depths of 1,850 to 3,500 metres.
Lundin Petroleum declares its 2016 budgetFeb 1, 2016Lundin Petroleum declares its 2016 development, appraisal and exploration budget which totals USD 1.08 billion and represents a 26 percent decrease on 2015 capital expenditure.
Russian gas exports to Italy growing steadilyJan 29, 2016The Gazprom headquarters recently hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Executive
Plexus Holdings signs Russian licence agreementJan 27, 2016Plexus Holdings has entered into an exclusive licence agreement with LLC Gusar (OOO Gusar) Ltd, and CJSC Konar (ZAO Konar), two independent Russian oil and gas equipment manufacturers,
NOVATEK declares year-end 2015 reservesJan 27, 2016OAO NOVATEK declared that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company's hydrocarbon
Rosneft increases supplies to LotosJan 27, 2016Rosneft and Grupa Lotos S.A. agreed to extend the сontract for oil supplies to Poland signed on December 20, 2013. The updated commercial terms and conditions envisage a year
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