Kazakhstan
News
August 12, 2018
Five Caspian Sea states reached a breakthrough agreement on sovereign rights to the sea, paving the way for new oil and gas extraction -- and pipelines -- after more than two decades of disputes.
Article
July 2018
Akofs Offshore has been awarded a contract for light well intervention services, using its 156-m vessel, Akofs Seafarer, for all Equinor-operated licenses, in the period 2020 to 2025.
News
June 27, 2018
Add Kazakhstan to the list of oil producers whose supply is restricted.
News
June 05, 2018
Astana, Kazakhstan -- President of Lukoil Vagit Alekperov and Chairman of the Management Board of the National Company KazMunayGas Sauat Mynbayev signed a principles agreement on Zhenis license area, in Astana today.
News
May 29, 2018
Caspian Sunrise identifies, in aggregate, 121 m of potential oil-bearing intervals in drilling the 801 sidetrack in Kazakhstan.
News
January 19, 2018
Kazakhstan鈥檚 giant Kashagan oilfield is resuming production after power disruptions cut output this week.
News
January 11, 2018
Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output.
News
December 07, 2017
Chevron Corporation has announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company鈥檚 share of expenditures by affiliated companies.
News
August 09, 2017
OPEC said Iraq, the United Arab Emirates and Kazakhstan -- who have lagged in their implementation of a deal to cut production -- affirmed their commitment to the accord at a meeting in Abu Dhabi.
News
June 20, 2017
ATR, a Centurion company, has opened a new base in Kazakhstan as the company looks to capitalize on recent business growth in the region. The business will initially employ 12 new personnel, 10 of which are local content, with plans to double the team over the next 12 months.
News
June 04, 2017
Tethys Petroleum Limited has announced that it has successfully completed the installation of an Electrical Submersible Pump (ESP) in its main oil producing well, AKD-01.
News
May 10, 2017
Wood Group has secured a new framework agreement to provide study engineering for North Caspian Operating Company鈥檚 (NCOC) offshore and onshore asset portfolio in Kazakhstan.
News
February 07, 2017
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.
News
January 25, 2017
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.
Article
January 2017
Hurricane force winds led to a multi-well fire on a 30-well production platform. In spite of continuing adverse conditions, well control specialists were able to safely extinguish the blaze in 64 days, 25 of which were non-productive due to the weather.
News
January 10, 2017
Russia and Kazakhstan said they鈥檝e met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than a quarter of the total pledged a month ago in Vienna.
News
November 24, 2016
Kazakhstan鈥檚 authorities are looking at whether the Karachaganak oil and gas venture, which includes Royal Dutch Shell and Eni, has unpaid taxes.
News
October 28, 2016
Brazil, the fastest-growing oil producer outside OPEC, will join talks with the exporters group in Vienna on Saturday about potential cooperation.
News
October 18, 2016
Condor Petroleum Inc. has announced that commercial oil production has commenced at Taskuduk field in Kazakhstan.
News
October 14, 2016
Kashagan, a vast oil field in the Caspian Sea, sent its first crude for export after about 16 years in development and more than $50 billion of investments.
News
September 26, 2016
Topaz Energy and Marine, a leading offshore support vessel company, has secured substantial contracts in connection with the development of the Tengiz oilfield in Kazakhstan during 2016. The two contract wins announced in the second and third quarter together represent revenue of more than $500 million. The two contracts bring Topaz鈥檚 backlog to approximately $1.6 billion.