Oil and Gas

Ukrtransgas increased net loss by 42.5% in 2016 to 1.8 bln grivnas

Ukrtransgas increased its net loss by 42.5% (by 1 bln 829.083 mln grivnas) in 2016 against 2015 to 6 bln 136.27 mln grivnas.

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Tatneft to extract 1.5 mln tons of super-viscous oil in 2017

The company has become the leader in Russia by the technologies in this sector.

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Russian Ministry of Natural Resources to decide on granting subsoil areas in the Black and Azov Seas during this year

The Ministry of Natural Resources and Ecology of Russia hopes to settle the issue of granting subsoil sites located in the Black and Azov Seas in 2017, the head of the Ministry Sergei Donskoy said

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SOCAR plans to complete reconstruction of Baku oil refinery by 2021

By the end of 2020 SOCAR plans to complete the reconstruction and modernization of the Baku oil refinery plant, the head of the enterprise, E. Ismailov, said.

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4 Russian oil service companies interested in Projects in Qatar

Stroyneftegaz, the Erial Group, Rosgeologiya, Rosgeoservice are interested in oilfield services contracts in Qatar, as well as exploration projects in this country, deputy director of the Asia, Afr

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Oil extraction of RD KMG has fallen

“Exploration Extraction KazMunayGas” JSC (RD KMG) taking into account the stakes in the JV Kazgermunay LLP, Karazhanbasmunai JSC and PetroKazakhstan Inc in Q1 2017 extracted 2,904 thous

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In 2006-2017, gas production at the Shah-Deniz field was 81 bln cubic meters

In 2006-2017, the total volume of gas production from the Shah-Deniz field made up 81 billion cubic meters, the SOCAR’s first vice-president Khoshbakht Yusifzade said on Tuesday, speaking at

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Rosgeologiya finishes seismic survey at the East-Taimyrsky site in the Krasnoyarsk region

Yuzhmorgeologiya (a part of the state-owned holding Rosgeologiya) has completed the seismic survey using the 2D technique at the East-Taimyrsky site in the Krasnoyarsk region, Rosgeologiya informs.

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In 1971-2017 Azerbaijan extracted 1 bln tons of oil

The volume of oil extracted in Azerbaijan until December 2017 will reach 2 bln tons, the first Vice-President of SOCAR, Kh. Yusifadze, said.

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Samaraneftegaz starts geological exploration at new license sites

Samaraneftegaz, a subsidiary of Rosneft, has begun the 3D seismic survey at six subsoil sites, acquired in 2016.

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