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28.01.2014 Russia’s Yugra Oilmen to Receive Tax Breaks for Bazhenov

The Russian Finance Ministry has backed a bill to issue tax breaks to oil companies working with tight oil resources. The deputy director of the ministry’s tax and tariff policy, Aleksey Sazonov, believes the state budget will not lose much bby offering such breaks.

22.01.2014 EMGS, Shell sign agreement on consultancy services

Electromagnetic Geoservices ASA signed a global framework agreement with Shell International Exploration and Production B.V. for the provision of consultancy services, EMGS Press Office reported on January 21.

20.01.2014 Iran invites Shell, BP to invest in oil projects

Iranian Oil Minister Bijan Namdar Zanganeh has formally invited giant British oil companies, Royal Dutch Shell and British Petroleum, to take part in the country's oil and gas projects, the Azerbaijani news agency Trend reported on January 17, citing the Iranian Mehr New

20.01.2014 Shell performance in 2013 worse than expected

Royal Dutch Shell plc (“Shell”) on January 17 updated on its expected 2013 results.

15.01.2014 Russia’s Gazprom Neft, Shell set up shale oil JV in West Siberia

Russian oil company Gazprom Neft and Royal Dutch Shell have set up a joint venture to develop shale oil in the Khanty-Mansi Autonomous District in Western Siberia, a Shell unit representative told Prime on January 14.

15.01.2014 Iran sets conditions for oil contracts with Western majors

Giant oil companies such as Shell and Total need to use the full capacity of Iran's domestic manufacturers in order to carry out projects in the country's oil and gas sector, Deputy Oil Minister Emad Hosseini said on January 14, Trend has reported, citing the Mehr News A

14.01.2014 Salym Petroleum produces 50.5mn barrels of oil in Russia in 2013

Salym Petroleum, a joint venture of Gazprom Neft and Shell, produced 7mn tons of oil (50.5mn barrels) in 2013.

Since the start of the project, production at the Salym formation has thus exceeded 51mn tons of oil.

14.01.2014 Shell-Gazprom JV starts fracking Russian shale oil formation

Royal Dutch Shell Plc (RDSA) and OAO Gazprom Neft began a drilling campaign to assess the potential of Siberia’s Bazhenov formation, reckoned to be one of the world’s largest deposits of shale oil, Bloomberg reported on January 13. 

10.01.2014 Petromanas announces discoveries in Albania

Petromanas Energy Inc.

09.01.2014 UAE takes charge of big oilfields as western majors' deals expire

Abu Dhabi will take full control of the UAE' biggest oilfields when its decades-old venture with four western oil giants ends this weekend, while it weighs new partnerships that could include its long-term collaborators or Asian newcomers, Reuters reported on January 8.