Oil and Gas Industry Latest News

28.05.2014 New operator to run Kazakhstan’s Kashagan field

A new operator will be created for developing Kazakhstan's Kashagan oil and gas field, the country's Oil and Gas Minister, Uzakbai Karabalin said at a press conference on May 27, Trend has reported.

27.05.2014 Turkmenistan pins hopes on Galkynysh field

Turkmenistan's giant Galkynysh field will serve as the major source of the country's future gas export, Head of the Turkmengaz State Concern Charymuhamet Hommadov said at the fifth International Gas Congress held last week in Avaza, Turkmenistan, Azernews reported on May

27.05.2014 Hungary's MOL makes discovery in Kazakhstan

Hungarian oil and gas group MOL has made a new crude and natural gas discovery in the Rozhkovskoye field in the Fedorovsky Block, Kazakhstan, it said in a statement on May 26, Reuters has reported.

21.05.2014 Kazakhstan to invite 890 foreign experts to upgrade Shymkent refinery

The Kazakh government has come up with quotas for foreign experts invited in 2014 to participate in upgrading the Shymkent oil refinery, Novosti-Kazakhstan has reported. The quota equals 890 people.

Copyright: Oil and Gas Information Agency, 2014

20.05.2014 Kazakhstan to develop green technologies in oil, gas sectors

The ruling party Nur Otan discussed green technologies and plans to increase Kazakh shares in oil and gas projects on May 19, Kazakhstan Today has reported, citing parliament’s press service. The chairman of Nur Otan’s economic policy council, Meyram Pshembayev, said Kazakhstan should adopt green technologies taking into account the complicated geology of its deposits.

20.05.2014 EU backs Trans-Caspian pipeline - official

The implementation of the Trans-Caspian gas pipeline will be a good opportunity to diversify the energy supply to EU countries, Malena Mard, head of EU Delegation to Azerbaijan told journalists on May 19, Trend has reported.

19.05.2014 Russian company to make booster compressor stations for Uzbek gas fields

Kazan Motor production association will implement construction of two booster compressor stations in the Alan and Shurtan fields in the Kashkadarya province in the south of Uzbekistan, according to the KMPO's regional representative in Central Asia, Alexander Savelyev, T

16.05.2014 Kazakhstan looks for new partners in export projects

Kazakhstan may have to look for new ways to export oil to Europe if sanctions were introduced against Russia, Kazakh Oil and Gas Minister Uzakbay Karabalin has said. Kazakhstan would be affected by sanctions against Russia, he said.

16.05.2014 Tethys Petroleum posts losses for Q1 2014

Tethys Petroleum Limited ("Tethys" or the "Company") (TSX:TPL) (LSE:TPL) on May 15 announced its First Quarter 2014 Financial Results.

--  Drilling of a further 3 successful shallow gas exploration wells: AKK17,

16.05.2014 Uzbekistan plans to increase oil, gas production

Uzbekistan intends to increase the production of liquid hydrocarbon and natural gas to 3.5 million tonnes and 66 billion cubic meters, respectively, by 2020, Shokir Faizullaev, the chairman of the Board of Uzbekneftegaz national holding company said, Trend reported on Ma