Lukoil has conducted a four-well horizontal drilling campaign at the Yu Korchagin field in the northern Caspian Sea. Initial flow rates tested between 4000b/d and 10,000b/d. Recoverable oil reserves at the field are estimated at 360 million barrels.
The Gazprom-chartered Ob River LNG carrier has successfully completed the first-ever delivery through the Northern Sea Route. The carrier’s journey began in early November at the Snohvit terminal in Hammerfest, Norway, and ended at the Tobata terminal in Japan in December…
Rosneft and ExxonMobil have established a joint project to assess the commerciality of tight oil reserves in the Bazhenov and Achimov formations of Western Siberia. ExxonMobil will provide financing up to US$300 million for the program. Drilling is to begin in 2013.
Natural gas is still not a global fungible commodity, although the LNG trade steadily grows as projects and the global fleet expand. ExxonMobil thinks that worldwide natural gas use will grow more than any other fuel – by 65% over the next 30 years…
Shawn Rice and Joe Gagliardi (center) accepted the award for ION. Presenting the award are OTC Board of Directors Chairman Steve Balint (left), Shell, and OTC Board of Directors member Joe Fowler (right).Igor Kolesnikov and Svetlana Kamaeva (center) accept the award for Transkor…
Delegates at the Arctic Technology Conference, held recently in Houston, examined the potential of the region to the oil & gas industry. Victor Schmidt and Nina Rach listened in.Two Russian icebreakers create a wide path for the LNG carrier…
The challenges of drilling in the Arctic have become so multifaceted it’s hard to know what position folks line up behind. If it were just the usual environmentalist vs oil companies – and that fight is perennial to be sure – things would be clearer…
Rice, Moscow State study toxic groundwater Rice University teams up with Moscow State for radioactive waste solutionGraphene oxide has a remarkable ability to quickly remove radioactive material from contaminated water, researchers at…
Rosneft's Moscow headquartersRosneft strikes $28B deal with AAR for TNK-BPRosneft has finalized an agreement to purchase AAR Consortium's (Alfa Group, Access Industries and Renova) 50% stake in TNK-BP for $28 billion, the company announced on 12 December 2012…
ExxonMobil's Rex TillersonMajors to jointly develop Siberian tight oil Rosneft and ExxonMobil signed a pilot development agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia…
Aquaterra Energy has secured a contract to design and install 260 centralisers for BP's latest development on the West Chirag platform in the Azeri-Chirag-Guneshli (ACG) oil fields in the Caspian Sea. The contract covers pre-engineering…
Photo: GazpromIcebreakers transfer LNG from Norway to JapanLNG Carrier ‘Ob River’ chartered by the Gazprom Marketing & Trading (GM&T) group, a wholly-owned subsidiary of OAO Gazprom, and operated by Dynagas (Greece), has successfully completed…
Ukrainian officials with Jordi Sarda BonvehiUkraine signs fake deal on state television Oilprice.com - Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark…
Alexei Miller, Chairman of the Management Committee of OAO Gazprom, and Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, have signed a legally binding basic agreement detailing key terms and conditions on swapping assets…
Samara-NaftaHess will persue plans to sell its Russian subsidiary Samara-Nafta, the company announced on 12 November 2012.Samara-Nafta, which was established in 1998, produces approximately 50,00 boepd in the Volga-Urals region.Goldman…
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