Chevron Texaco

Oil production at the ACG block was conducted from 115 wells in 2017

Oil production at the Azeri-Chirag-Guneshli (ACG) block in 2017 was carried out from 115 production wells, the press service of the Azerbaijan International Operating Company (AIOC-operator for the

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Azerbaijan to receive first tranche of the bonus for extension of the development of the Azeri-Chirag-Gunashli oil block as early as 2018

In 2018 Azerbaijan will receive the first tranche of the bonus from a consortium of foreign investors for the extension of the contract for the development of the Azeri-Chirag-Guneshli (ACG) oil fi

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

The pumping of Azerbaijani oil via BTC in H1 of the year decreases by 12%.

In H1 2017 the volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan (BTC) pipeline amounted to 13 million 174,287 tons, which is 11.8% lower than within the same period of the last year, I

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Employees of Statoil, Repsol and Chevron leave Venezuela because of unrest

Many employess of large oil and gas foreign companies have left Venezuela because of the riots - the economic crisis and protest moods forced some companies to take such a step.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

In H1 pumping of Azerbaijani oil via BTC increases by 3%.

In H1 2016 the volume of Azerbaijani oil pumping via the Baku-Tbilisi-Ceyhan (BTC) amounted to 14 million 930.79 thousand tons, which is 2.6% higher than within the same period last year, SOCAR (the State Oil Company of Azerbaijan) informed the agency"Interfax-Azerbaijan".
"In general, since the moment the pipeline entered into operation (on June 4, 2006 - IF) till July 1 of this year the volume of pumping was 307 million 606.179 thousand tons of oil, including in June - 2 million 489.988 thousand tons", - according to SOCAR.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Consortium, headed by Chevron, to invest up to $37 bln in oil production in Kazakhstan

A consortium led by US Chevron has intended to invest up to $37 billion to increase the oil production at the Tengiz field in Kazakhstan, the Energy Minister Kanat Bozumbayev said in an interview with the WSJ. It will be one of the first major investments in the sector by the major energy company after the collapse of the oil price, begun in 2014. Moreover, according to Rystad Energy, since then and till March 2016 the companies had to postpone or cancel projects for about $270 billion.
The Tengiz field is one of the largest in the world and the main source of the Chevron’s production growth in the coming years. The investments should begin in 2017, the project will create 24 thousand jobs in Kazakhstan, Bozumbayev said. According to him, Chevron’s CEO John Watson recently visited the country and discussed the project with political leaders.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Lukoil to invest $ 1.5 billion into the project 'West Qurna-2' in Iraq in 2016.

Lukoil’s investment program for the "West Qurna-2" project in Iraq for 2016 is $ 1.5 billion. "Iraq fulfills its obligations - in October, in November and in December, we were given eight tanker positions. Total debt (of Iraq. - "the Kommersant") decreased to $ 1.45 billion. We have $ 6.5 billion invested into this project", - "Interfax" quotes the words of the president of Lukoil Vagit Alekperov. He stated that in H1 2016 the company planned to return the historical costs in Iraq, "the project will go by the means of reinvestment". Vagit Alekperov added that in 2016 drilling on block 10 in Iraq was planned to start, which is located within 100 km of "West Qurna-2".

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russian oil producers to bid for Norweigan deposits.

Market conditions and sanctions do not interfere there.
"Rosneft" and Lukoil intend to compete for new oil and gas licenses on the Norwegian shelf. Now because of the sectoral sanctions work of oil producers in the Russian Arctic is actually stopped, but it is not prohibited to conduct exploration and production abroad. Thus, Lukoil, deprived according to the Russian law of the right to work on the Arctic shelf in its country, can expect to receive relevant experience in Norway in anticipation of a possible liberalization of access to the shelf in the Russian Federation.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

For the first time GECF condemns the sanctions against gas companies.

The condemnation of sanctions against gas companies, which was contained in the Declaration of the Gas Exporting Countries Forum, signed following the meeting of GECF in Tehran, was an extremely important point, the RF Minister of Energy Aleksandr Novak told the reporters.
The common position of the participating organizations on the issue of sanctions had been marked for the first time, Novak stated. According to him, it is a declaration of disagreement with sanctions policy in the gas sector, as well as with the use of discriminatory laws by individual countries outside the territories to enact such laws.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Participation of Chevron on construction of complex in Atyrau to be determined before December 1

Samruk Kazyna will decide on the participation of the company Chevron in the construction of a petrochemical complex in Atyrau before December 1 this year, chairman of Samruk Umirzak Shukeyev said on Monday.
"Just the other day I will report you the result," - Shukeyev answered to the question of the Prime Minister of Kazakhstan Karim Massimov, when the partner for the construction of the complex would be determined.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer