The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Jiang Jiemin, Chairman of the China National Petroleum Corporation (CNPC) Board of Directors.
Over the first three months of 2012, the Subsidiaries produced 4.48 mln t of oil and 215.4 mln m3 of gas under the Business Plan that exceeded the 2011 similar period values by 0.6% and 2.3%, respectively.
Gazprom Neft has adopted a medium-term Moscow Oil Refinery investment program for the year 2012, according to which over 20 billion roubles will be spent.
OAO TATNEFT was named a winner in the group of chemical, petrochemical and oil industry enterprises of the Republic of Tatarstan based on the results of a review contest for the best organization of invention, rationalization and patent and licensing work arranged by the Society of Inventors and Innovators of the Republic of Tatarstan.
At the end of the Uruguay Round II deadline for request qualification in order to participate in the bidding processes, 11 world oil companies (7 of them from the 100 top group) presented the documentation needed for the qualification assessment process.
Canadian oil and gas explorer GeoGlobal Resources is looking at selling its stake in four Indian hydrocarbon blocks to Canada’s Fire Creek Resources, according to two officials close to the development.
DONG Energy and Bayerngas will develop high-pressure, high-temperature Hejre oil and natural gas field in the northern Danish Central Graben offshore Denmark.
As at 31 December 2011, the total "proven" and "probable" (2P) reserves of Gazprom Neft group under PRMS international standards amounted to 11.577 billion barrels of oil and 15.720 trillion cubic feet of gas, which translates into 14.197 billion barrels of oil equivalent.
Front-month crude oil contract prices challenged the $110/bbl barrier in a late rally Feb. 24 in the New York market after the International Atomic Energy Agency reported accelerated nuclear activity in Iran.
Oil prices rose to near $100 a barrel Monday in Asia after the Greek parliament approved new austerity measures that should secure a bailout and avoid bankruptcy.
On February 7, 2012, public hearings were held in the city of Archangelsk to discuss seismic research programmes in the Kara Sea on two blocks licensed to Rosneft – East Prinovozemelsky-1 and East Prinovozemelsky-2 – which the Company is developing jointly with US oil and gas major ExxonMobil.
If recent news reports are accurate, Iran and Iraq are working more closely than ever in producing oil assets shared across the borders between the two former enemies.
08 February 2012 , 11:18Patrick OsgoodNeftegaz.RU0
The global market for oil field specialty chemicals reached nearly $16 billion in 2010 with the US and Canada accounting for 52%, which an IHS Chemical market study attributed to increasing oil and natural gas drilling activity in shale plays.
On February 3, 2012 Rosneft was the first among international oil and gas companies to publish full audited consolidated US GAAP financial statements for 2011.