SOCAR Cape JV Bags Shah Deniz Contracts
The SOCAR Cape JV has been awarded three significant contracts in Azerbaijan.
Rosneft Plans To Reduce Spending By 10%
The company has set its plans for this year based on an average oil price of $50/bbl.
Oil Flowing From Last Of Three Exxon Mobil Fields Off Russia
Oil is now flowing from the last of three shallow water but very harsh environment fields developed by ExxonMobil in the sub-Arctic Sakhalin area off the east coast of Russia.
Tethys Receives 15-Year Extension On Kyzyloi Contract
Tethys Petroleum Ltd.’s 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.
Schlumberger To Pay $1.7 Billion For Eurasia Drilling Co. Stake
Schlumberger has an option to buy the rest of the company’s shares three years after the deal closes, Bloomberg said.
In Outcast Russia, Schlumberger Buys Interest In Driller For $1.7 Billion
The move helps shore up its partner in Russia and increases market share as Halliburton, Baker Hughes merge.
JKX Deems Well E-303 Results ‘Successful’
Following additional perforations in the shallower A2 carbonate reservoir and acid treatment, co-mingled production with the G7-12 sandstone reservoirs, the well produced 5.21 MMcf/d of gas and 18 bbl/d of condensate.
M-22 Well In Ukraine Finds Gas In Multiple Zones
The Makeevskoye-22 (M-22) exploration well has encountered gas in six zones after reaching a depth of 3,629 m (11,906 ft), Serinus Energy Inc. (SEN) said in a news release.
Regulations Prompt JKX To Halt Ukrainian Investment
The Skytop drilling rig is being stacked following its recent completion of well Ig-140, and operational and ancillary costs reduced.
ONGC Bets On Russian Shale
The company plans to more than double its oil and gas production from overseas fields in four years.