CIS region

Xinjiang Zhundong given more time for Galaz acquisition onshore Kazkhstan

Submitted by Paddy Harris on Mon, 2015-02-02 09:45

02nd February 2015

A consortium led by Xinjiang Zhundong Petroleum Technology has been given more time to prepare its bid for the Galaz Contract area in Kazakhstan, according to Roxi Petroleum

Tethys receives 15-year Kyzyloi contract area extension onshore Kazakhstan

Submitted by Paddy Harris on Fri, 2015-01-23 09:48

23rd January 2015

Tethys Petroleum Limited has announced that its wholly-owned Kazakh subsidiary, TethysAralGaz LLP (TAG), 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

Tethys doubles shallow gas production onshore Kazakhstan

Submitted by Paddy Harris on Wed, 2015-01-14 09:58

14th January 2015

Tethys Petroleum has announced that the new phase of gas production is on stream and is producing at more than double previous production

Xinjiang Zhundong-led group eyes USD 100m Galaz acquisition onshore Kazakhstan

Submitted by Paddy Harris on Thu, 2015-01-08 12:28

08th January 2015

Xinjiang Zhundong Petroleum Technology company has announced that it is leading a consortium seeking to acquire 100 per cent of the equity and associated debt of the Galaz Contract Area onshore Kazakhstan by the acquisition of the Kazakh entity Galaz & Co LLP that holds the licence for the Galaz Contract Area for an aggregate consideration of no more than USD 100m

Serinus sees gas flowing onshore Ukraine

Submitted by Paddy Harris on Wed, 2015-01-07 15:36

07th January 2015

Serinus Energy has announced that the Makeevskoye-22 (M-22) exploration well has reached its total depth of 3,629 metres, and has encountered gas in six zones

JKX sees gas sales woe in Ukraine and suspends production

Submitted by Paddy Harris on Wed, 2015-01-07 09:15

07th January 2015

JKX has decided that the combination of Ukrainian government-imposed restrictions on selling its gas to industrial clients and the punitive rate of gas production tax has required the company to suspend its planned 2015 capital investment programme in Ukraine until the economic parameters for investment improve

Tethys given extra time for Doris oilfield development in Kazakhstan

Submitted by Paddy Harris on Tue, 2015-01-06 12:51

06th January 2015

Tethys Petroleum has announced that its wholly owned Kazakh subsidiary, TethysAralGaz LLP (TAG), has received permission from the Ministry of Energy of the Republic of Kazakhstan to extend the Akkulka Exploration Contract for another four years, from March 10, 2015 to March 10, 2019 (subject to certain routine amendments to the contract)

BP and Socar ink plan to exploit Caspian Sea shallow waters off Azerbaijan

Submitted by Paddy Harris on Mon, 2014-12-22 16:34

22nd December 2014

BP and Socar ink plan to exploit Caspian Sea shallow waters off Azerbaijan

BP and Socar (the state oil company of the Republic of Azerbaijan) have today signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula in the Azerbaijan sector of the Caspian Sea

Eni reaffirms commitment to Kashagan

Submitted by Paddy Harris on Mon, 2014-12-22 13:08

22nd December 2014

The prime minister of Kazakhstan, Karim Massimov, and the minister of energy, Vladimir Shkolnik, met Eni’s CEO Claudio Descalzi in Astana to bolster exploration and production relations