Russia & CIS ///

Rosneft's Taas-Yuryakh Neftegazodobycha reports 2016 production increase of 18.9%

Taas-Yuryakh Neftegazodobycha increased oil production by 18.9% in 2016 compared to the same period in 2015.

Gazprom Neft to drill first prospecting and appraisal well in Ayashsky block

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has signed a contract with Hakuryu 5, Inc. (a 100%-owned subsidiary of Japan Drilling Co., Ltd., Japan) regarding the leasing of a drilling rig for construction of a prospecting and appraisal well at the Ayashsky licence block, located on the continental shelf of the Sea of Okhotsk.

Rosneft begins drilling first exploration well in Iraq

Rosneft has begun drilling of the first exploration well at the Block 12 in the Republic of Iraq.

Russia overtakes Saudi Arabia as world's largest crude producer

Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst glut in decades.

OPEC's oil curbs grant Russia's Urals a rare ticket for South Korea

The biggest oil producers in the Middle East are helping crude from Western Siberia boldly go where it’s rarely gone before.

Gazprom Neft developing oil-production technologies for gas cap drive reservoirs

As part of its ongoing technology strategy, Gazprom Neft has established a program directed at developing technologies to exploit oil reserves located below a gas cap.

Siberian oil giant that bankrolled USSR may gush cash again

Russia’s largest oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for Rosneft.

Lukoil reports 0.7 Bboe added in 2016 proved reserves

Based on the geological exploration results and the revision of previous estimates, LUKOIL added 0.7 Bbbl of oil equivalent to its proved reserves in 2016.

Kuwait sees OPEC leaning on non-members to cut more oil output

OPEC is urging oil suppliers outside the group to fulfill their commitments to cut output, and crude prices will rise once producers demonstrate better compliance with their agreement to clear a global glut, Kuwait’s oil minister said.

Wintershall Russia to relocate from Moscow to St. Petersburg

Wintershall is moving its Russian branch office, which currently has around 90 employees, from Moscow to St. Petersburg in August 2017.

Fluor JV awarded FEED contract for Tengizchevroil multi-phase pump project in Kazakhstan

Fluor Corporation has announced its JV team, KPJV, has been selected by Tengizchevroil LLP (TCO) to execute the front-end engineering and design (FEED) for the multi-phase pump project in Kazakhstan.

Gazprom supply jitters roil gas market facing freeze

European gas traders are once again focusing on exports from its biggest supplier as freezing weather is set to return to the region.

Gazprom Neft completes pilot testing of Russia's first-ever PDC drill bit

Gazprom Neft has successfully completed pilot testing of Russia’s first-ever domestically produced polycrystalline diamond composite (PDC) drill bit, during pilot drilling at its Vyngapurovskoye field, Yamalo-Nenets Autonomous Okrug.

Gazprom Neft expands production from Arctic platform

Gazprom Neft has met its annual production targets at the Prirazlomnaya offshore platform, with a total 2,154,000 tonnes of ARCO (Arctic Oil) being produced at the field in 2016—a more than 2.5-fold increase on 2015 volumes.

Gazprom Neft commissions new production wells at Prirazlomnoye field

Gazprom Neft subsidiary Gazpromneft-Shelf has commissioned two new production wells at Prirazlomnoye field, bringing the total number of wells in operation at the Prirazlomnaya platform—the only oil production project on the Russian Arctic Shelf—to 10.

Fluor selected as engineering services provider by NCOC in Kazakhstan

Fluor Corp announced that it was awarded a two-year engineering services framework agreement with North Caspian Operating Co (NCOC) for conceptual studies and front-end engineering for its projects in the Caspian region.

Gazprom Neft to start pilot work at Yamal's Severo-Samburgskoye field

Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 2017.

Gazprom Neft opens new field in Serbia

Gazprom Neft has opened up a new field in Serbia with recoverable reserves in the order of 432,000 tonnes.

Halliburton reports Russian filing in connection with potential acquisition

Halliburton Company has made a filing with the Federal Antimonopoly Service of Russia (FAS) in connection with a potential acquisition of an interest in Novomet Oil Services Holding Limited.

SOCAR, BP agree terms on future development of Azeri-Chirag-Gunashli field

SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) have signed a Letter of Intent (LoI) for the future development of the Azeri-Chirag-Gunashli (ACG) field in the Azerbaijan sector of the Caspian Sea.