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TNK-BP plans $4bn Arctic spend

08 February 2012 12:41 GMT

Russian joint venture TNK-BP has said it plans to invest around $4 billion over the coming three years to develop Arctic oil and gas fields.

Kulczyk Oil spuds M21 well in Ukraine

06 February 2012 12:35 GMT

Polish explorer Kulczyk Oil Ventures has announced the spudding of the Makeevskoye 21 well in an effort to further develop a gas-producing zone in eastern Ukraine.

Shah Deniz 'set for restart'

07 February 2012 12:50 GMT

Production from the BP-operated Shah Deniz platform in the Caspian Sea is set to resume late on Tuesday after being shut-in the previous evening due to a malfunction during maintenance of the facility, a spokeswoman for the UK supermajor said.

Rosneft sees record profits of $12.45bn

03 February 2012 14:47 GMT

Russia’s top oil producer Rosneft has reported a 20% rise in net income to $12.45 billion in 2011 on the back of record-high crude prices and higher output.

Gazprom 'cash restraint' on Shtokman

07 February 2012 10:18 GMT

Gazprom is tightening the purse strings on the stalled Shtokman project as it revealed a substantial cut in its investment budget for this year, according to a report.

Russia 'eyes state oilfield outfit'

07 February 2012 13:07 GMT

Foreign oilfield service companies operating in Russia could face fresh competition with the creation of a new state-owned entity under consideration by the Kremlin, according to a report.

'Sale imminent' on Sberbank assets

02 February 2012 10:23 GMT

Russia's top lender Sberbank is set to announce the sale of its Taas-Yuriakh oil assets in Eastern Siberia to state-controlled oil major Rosneft, according to a report.

Gazprom profits on higher sales

01 February 2012 08:28 GMT

Russian giant Gazprom saw profits rise during the first nine months of 2011 as sales revenue surged 32%.

Kazakhstan axes Zhanaozen emergency

31 January 2012 09:48 GMT

Kazakhstan has quashed a state of emergency in a key oil town rocked by violent riots last month after the situation was said to have stabilised.

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Eurasia newbuild rig nears hazardous Caspian move

31 January 2012 17:09 GMT

Somali pirates, a combative Iranian regime and harsh Russian winter weather will have to be overcome by a Eurasia Drilling jack-up rig newbuilding which will soon begin its journey to the Caspian Sea.

Tethys forges Uzbekistan ties

01 February 2012 12:25 GMT

Central Asia-focused Tethys Petroleum is teaming up with Uzbekistan’s state oil company Uzbekneftegaz for joint exploration in the country’s North Ustyurt basin.

Bayfield loses $3.5m on dry Russia play

27 January 2012 14:02 GMT

UK junior Bayfield Energy has admitted it will have to bite the $3.5 million cost of exiting its Russian operations after seismic data on the Karalatsky licence showed no viable prospects.

Kazakh police face charges over riots

26 January 2012 10:50 GMT

Kazakhstan is prosecuting four senior police officers for allegedly using excessive force against rioters in the oil town of Zhanaozen, where 17 people died in clashes between protestors and police in December.

Putin call to 'cut Gazprom stake'

30 January 2012 13:41 GMT

Norway-Russia Arctic technology bid

26 January 2012 15:08 GMT

RusPetro debuts on London market

24 January 2012 09:58 GMT

Russian oil output rise expected

23 January 2012 01:44 GMT

TNK-BP investors 'lose appeal'

26 January 2012 09:27 GMT

Exillon bags Timan-Pechora licence

18 January 2012 08:48 GMT

Caspian suspends West Mailisu-2 well

11 January 2012 04:01 GMT

Production down 7% at strike-hit KMG

09 January 2012 09:46 GMT

Tethys makes Lithuania moves

09 January 2012 08:53 GMT

Max adds Kazakh prospects

09 January 2012 09:56 GMT

Roxi plans pilot Kazakh production

03 January 2012 13:09 GMT

Russia 'cuts Sakhalin 1 budget'

30 December 2011 14:56 GMT

BP confirms Sakhalin 5 exit

30 December 2011 12:09 GMT

Ananenkov axed from Gazprom

30 December 2011 13:09 GMT

Carpathian, Gazpromtrubinvest team up

21 December 2011 05:37 GMT

Shtokman decision on hold again

29 December 2011 20:05 GMT

Repsol in $230m Eurotek buy

29 December 2011 14:41 GMT

New Year Turkish cheer for Gazprom

28 December 2011 14:19 GMT
americas

Buccaneer gets Alaskan exploration approval

Australia’s Buccaneer Energy has been granted approval to explore for oil and gas across two offshore permits in Alaska’s Cook Inlet.

europe

Gas leak prompts Gannet evacuation

Shell has evacuated non-essential workers from its Gannet Alpha platform after a gas leak, Upstream can reveal.

africa

Second rig at KS Endeavor blaze site

A second rig chartered by Chevron to help with relief well drilling operations at the site of a lethal gas blowout last month has arrived on site, Upstream understands.

Middle East & North Africa

Iran's NIDC readies drill services tender

Toughened international sanctions against Iran are likely to be put under the spotlight as the country’s national drilling company puts out pre-qualification tenders for a trio of oil and gas services packages.

asia & oceania

NZ to launch licensing round

New Zealand is preparing to launch a licensing round in mid-2012 for about two dozen offshore and onshore blocks in various basins around the country.

Regions

NZ to launch licensing round

New Zealand is preparing to launch a licensing round in mid-2012 for about two dozen offshore and onshore blocks in various basins around the country.

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