Oil Field Services News in Russia

Volga Updates Operations on Grafovskaya #1 Well
4/29/2010 - Volga Gas Plc, the oil and gas exploration and production group operating in the Volga Region of European Russia, provides an update on operations with its Grafovskaya #1 ("G1") sub-salt exploration w...
Russia Minister Eyes TNK-BP-Gazprom JV at Kovykta
4/26/2010 - Russia may allow TNK-BP to keep its licence for the lucrative Kovykta gas field should the company agree to develop the project with state-run Gazprom, a government minister said. ...
Urals Energy Updates Ops on Petrosakh Licence
4/19/2010 - Urals Energy is providing an operational update on activities at its Petrosakh licence. As announced on 12 April 2010, Urals Energy has successfully reperforated well #34 and has now completed install...
Russia to Start Shtokman Gas Field Development 2011
4/17/2010 - Russia plans to start development of the giant Arctic Shtokman gas field in spring 2011, Russian Prime Minister Vladimir Putin said. ...
Petroneft Updates Licences 61 and 67, Tomsk Oblast
4/15/2010 - PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. ...
Volga Gas Provides Operational Update in Russia
3/30/2010 - Volga Gas Plc, the oil and gas exploration and production group operating in the Volga Region of European Russia, is pleased to provide the following general operational update. ...
TNK-BP Wins the Auction to Develop a Gas Field
3/26/2010 - TNK-BP announced that Orenburgneft, one of its main production companies, won the auction for the subsoil use rights of the Chagansky gas field in the Orenburg region. The price of the auction amounte...
Russia's Sechin Says Kovykta Licence Will Be Fair
3/11/2010 - Russia's top energy official said that any decision to strip TNK-BP of its licence for the Kovykta gas field in Siberia should be "fair" and that costs should be compensated. ...
Russia May Invite India ONGC to Energy Projects
3/11/2010 - Russia is considering inviting India's state-run Oil and Natural Gas Corp to develop oil and gas fields in Russia, the government said, ahead of Prime Minister Vladimir Putin's visit to India. ...
Aladdin Oil Granted Production License in Ukhta
3/9/2010 - Geotechnologia, a subsidiary of Aladdin Oil & Gas Company ASA, is granted a 20 years production license for the gas field on the MS-license in Ukhta. ...
Russneft Obtained License for Hydrocarbons E & P
3/4/2010 - Russneft obtained a license for the right of hydrocarbons exploration and production within the limits of Lusianinskoye oilfield in Saratov Region. The license is valid until February 2030. ...
BP, Rosneft Give Up License At Joint Sakhalin
2/17/2010 - BP PLC and Rosneft have returned a license for the East Shmidt block at their joint Sakhalin-5 development project. The two companies have deemed further exploration at East Shmidt uneconomical, afte...
Alliance Adds 54.7 m Barrels of Proved Oil Reserves
2/8/2010 - In 2009, Alliance Oil Company Ltd added net proved and probable (2P) oil reserves of 54.7 million barrels through exploration and development as well as reserve revisions. The company's 2P reserves in...
Shtokman Directors Approve Way Forward on Shtokman
2/6/2010 - Today in Zurich Shtokman Development AG Board of Directors has been held. The project partners – Gazprom, Total and Statoil – reviewed the significant progress made by the project team towards Final I...
Gazprom Delays Giant Shtokman Field By 3 Years
2/5/2010 - Russia's gas export monopoly Gazprom said it had agreed with Total and Statoil to delay the giant Shtokman gas field by 3 years due to major changes in the global gas markets. ...
TNK-BP Bring Tyamkinskoye Deposit on Uvat into Ops
2/4/2010 - This year TNK-BP will bring into operation the Tyamkinskoye deposit which makes part of the Uvat group of deposits in the south of the Tyumen Region, German Khan, TNK-BP’s Executive Director told repo...
VCNG Produced 1.181 m Tons of Oil in 2009
1/27/2010 - Vercknechonskneftegas produced 1.181 mln tons of oil in 2009 according to a company press release. Thus, its oil production plan was overfulfilled by 30%, and the well drilling plan was overfulfilled ...
TNK-BP Takes Mature Approach
1/14/2010 - TNK-BP’s most mature production asset, Orenburgneft, appears to have has played a surprisingly important role in the company’s expected 2.5% crude output increase in 2009. ...
Russia's Output Of Crude Oil Up, Gas Down in 2009
1/11/2010 - During the past year, Russia's crude oil output increased while the gas output plunged, said the state enterprise Central Dispatching Department of Fuel Energy Complex (CDU TEK). ...
PrimeGen Setting Oil Production Record of 1,745 bpd
1/4/2010 - PrimeGen Energy Corp. released new production figures as of December 31, 2009 resulting from the recent completion production of ten wells in the Timan-Pechora field and one well in Rodnikovskogo proj...

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