Shale oil flow at 50 cubic meters per day has been detected after hydraulic fracturing at a new well drilled at the Palyanovskaya block of the Krasnoleninskoye deposit of Gazpromneft Khantos.
Russian President Vladimir Putin warned that further economic sanctions over the Ukraine crisis may lead Russia to reconsider participation by U.S. and European Union companies in energy and other key industries, Bloomberg reported on April 30.
Italian oil major Eni is not counting on any production from Kazakhstan's huge Kashagan oilfield this year or possibly next due to faulty welding at the $50 billion project, its CEO designate said, Reuters reported on April 29.
China is set to secure oil exploration rights in Abu Dhabi, giving the world’s top oil importer access to one of the world’s most stable oilproducing countries, Abu Dhabi’s The National reported on April 29.
Russian Prime Minister Dmitry Medvedev has signed a resolution on granting to Russia’s natural gas giant Gazprom the right to use the Khandinsky area of federal subsoil resources in the Irkutsk region for the prospecting and production of hydrocarbons, the Russian govern
The escalation of the Ukrainian conflict and new Western sanctions against Russia may hurt Gazprom’s financial position and will limit the company’s ability to borrow abroad, it said in a statement on April 29, Prime has reported.
The information about the final timeframe of resumption of oil production at Kazakh Kashagan field will be available in the second half of 2014, the country's Minister of Economy and Budget Planning Erbolat Dossayev told journalists on April 29, Trend has reported.
The Shah Deniz consortium announced a major offshore transport and installation contract award for the Stage 2 development of the Shah Deniz field to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium, Trend reported on April 29.
BP on April 29 announced its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013.
On April 29 at the headquarters of OAO Gazprom, a working meeting has been held between the Chairman of the Management Committee Alexey Miller and the OMV Chairman of the Executive Board, CEO Gerhard Roiss, OMV’s press office has said.