Oil and Gas Industry Latest News

19.07.2013 Max Petroleum Plc Announces Borkyldakty Field Placed On Full Field Development in Kazakhstan

The Kazakhstan government has granted regulatory approval to convert the Borkyldakty Field to full field development ("FFD") status effective immediately, Max Petroleum Plc the company reported in a news release.

17.07.2013 Kashagan Consortium Says Takes Further Step Towards First Oil

Reuters reports that the North Caspian Operating Company, developer of the much-delayed Kashagan offshore project in Kazakhstan, said on Wednesday it had introduced gas to its artificial island and lit its flare.

17.07.2013 Caspian Promises More E&P Opportunities

The Global Energy Watch reports that the Caspian Sea area has immense scope for oil and gas exploration and production due to the presence of substantial undiscovered resources.

15.07.2013 Max Petroleum Strikes Oil In Uytas Field, Kazakhstan (MXP)

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the UTS-11 appraisal well in the Uytas Field has successfully reached a total depth of 450 metres, with electric logs indicating a total of 26 metres o

15.07.2013 Kazakhstan Increases Oil Production 1.8% in First Half 2013

From January through June 2013, Kazakhstan produced 40.367 million tons of oil, including gas condensate, a figure 1.8% higher than in the same period in 2012, the Kazakhstan Statistics Agency reported.

09.07.2013 Tatneft Continues Enhanced Oil Recovery Contract in Turkmenistan

Professionals of Tatneft continue to implement the contract for provision of services designed to enhance oil recovery in the south-eastern sector of oil field No. 4 of NGDU "Goturdepeneft" in Turkmenistan, the company reported in a news release.

09.07.2013 Max Petroleum Plc Spuds UTS-11 Appraisal Well In Kazakhstan Field

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-11 appraisal well in the Uytas Field on Block A using the Zhanros ZJ-20 rig.

08.07.2013 Bill Clinton to Visit 8th Kazenergy Eurasian Forum in Kazakhstan

Former US president Bill Clinton has given preliminary consent to participate in the 8th Kazenergy Eurasian Forum, the Deputy Chairman of Kazenergy Association Zhambulat Sarsenov told Trend on Friday, according to the bNews.kz website.

04.07.2013 Max Petroleum Hits Pay in Kazakhstan

Max Petroleum's ZMA-E3 development well in the Zhana Makat Field has successfully reached a total depth of 903 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations, the company reported in a news release.

04.07.2013 ConocoPhillips Notified Of Kazakhstan’s Intent To Pre-Empt Sale Of Kashagan Interest

ConocoPhillips (NYSE: COP) today confirmed receiving official notification that the Kazakhstan Ministry of Oil and Gas is exercising its right under the Subsoil Law of Kazakhstan to pre-empt ConocoPhillips’ proposed sale of its 8.4 percent interest in the North Caspian S