France's Total will restart the drilling of an exploration well at the Apsheron field by the end of October. Drilling was halted at a depth of around 6,600 m for testing procedures, the first Vice-President of State Oil Company of the Azerbaijani Republic (SOCAR), Khoshbakht Yusifzade, told journalists on Tuesday.
18 October 2011
Policy & Regulation
Robert Dudley, BP’s CEO is seeking to restore the credibility of the company’s investment strategy in the country. However, with ongoing legal tussles with TNK-BP, its principle investment vehicle
18 October 2011
Exploration & Production
Total is continuing its commitment to the Shtokman project, as well as investing in the nearby Yamal LNG scheme.
17 October 2011Russian oil major Lukoil plans to complete construction of a gas chemical plant in the Stavropol Territory city of Budyonnovsk by 2020, the deputy general director for capital construction at subsidiary LLC Stavrolen, Alexei Yekimov said at a meeting on the project in Budyonnovsk on 15 October.
17 October 2011A lack of agreement on the export route for the transport of Russian gas to China is hampering gas talks between the two countries, a source close to the management at China National Petroleum Corporation (CNPC) today told Interfax on Monday.
17 October 2011Russian oil and gas monopoly Gazprom, the country’s largest borrower, placed $200 million via an issue of euro commercial paper (ECP), a source at UBS, the placement organiser, today told Interfax.
14 October 2011
Policy & Regulation
After 10 years, only 14% of the country’s gas imports are in private hands – compared with a target of 80% set in 2001. What is causing the delay?
14 October 2011Turgai Petroleum, a joint venture between Russia's Lukoil and PetroKazakhstan, has closed a $500 million loan facility with a syndicate of lenders to fund development of the Kumkol field in Kazakhstan.
14 October 2011Belarus and Gazprom are discussing the possibility of putting off payment of the republic’s 2011 gas debts until next year, a source familiar with the negotiations told Interfax.
13 October 2011EuroChem is mulling the acquisition of gas assets and could announce that agreements have been reached within a month, the fertiliser producer's co-owner, Andrei Melnichenko, told reporters.
13 October 2011Ukraine’s Economic Development and Trade Ministry increased the adjusted coefficient for calculating royalty payments on gas by 2.8% – from 1.9286 August to 1.9825 in September.
12 October 2011The coefficient that will be used to calculate the price of Russian gas that Belarus imports in 2012 will not have a significant effect on the end price of gas.
12 October 2011Russia's Deputy Prime Minister Igor Sechin said on Wednesday that Russia and China are close to agreeing a gas deal.
12 October 2011Russian gas giant Gazprom might start financing the construction of the Chusovoi-Solikamsk gas pipeline in the Perm Territory in 2012, the territory's Governor, Oleg Chirkunov, told journalists on Wednesday.
12 October 2011The environmental impact of the Nord Stream gas pipeline in 2010, when the bulk of the offshore pipe was laid, was in line with the projections of environmental impact assessments or even smaller than expected, Nord Stream AG said in a statement on Tuesday.
11 October 2011A gloomy outlook for the global economy may work in China's favour in its ongoing natural gas supply negotiations with Russia, a Chinese energy expert told Interfax on Monday.
11 October 2011The Pechersky District Court in Kiev has found Ukraine’s ex-prime minister and leader of the Batkivshchina party Yulia Tymoshenko guilty of exceeding her authority while signing gas contracts with Russia and sentenced her to seven years in prison.
11 October 2011
Pipelines, Storage & Power
Could the recent award of the Kovykta field to Gazprom be a catalyst for Russia and China to reach an agreement over gas sales?
11 October 2011The founders of the joint venture (JV) Uz-Kor GasChemical plan to sign financing documents to build the Ustyurt gas chemicals complex at the Surgil deposit in Uzbekistan before the end of 2011, the press service at Uzbekneftegaz announced on Monday.
10 October 2011Independent gas producer Novatek produced 39.01 billion cubic metres of gas in the first nine months of this year - a 45.1% year-on-year increase - and 3.1 million tons of liquid hydrocarbons, 16.1% more, according to figures released by the company.
10 October 2011Viewing 3,961-3,980 of 4,238 articles