12/12/2014First stage of Urengoyskoe field ramped up to full capacity
OAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the first stage of the Urengoyskoye field within the Samburgskiy license area developed by SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) reached its full design capacity of approximately seven (7) billion cubic meters (bcm) of natural gas and 2.5 million tons of gas condensate per annum.
11/17/2014Turkmenistan Delegation Visited TANECO
A delegation of the Republic of Turkmenistan headed by Myratgeldy Meredov, Deputy Minister of Petroleum and Mineral Resources, paid a business visit to JSC TANECO on November 13. The delegation included the representatives of the Turkmenistan Ministries of Industry, Trade and Foreign Economic Relations, Energy, Economics and Development.
11/17/2014ConocoPhillips announce first gas from field offshore Malaysia
ConocoPhillips announced November 13, 2014 the start of gas production from the Kebabangan (KBB) gas field, located approximately 60 miles offshore the north west coast of Sabah, East Malaysia. The Kebabangan integrated drilling and production platform is located in a water depth of approximately 450 feet (137 meters). Production from the field will initially utilize six wells with gas exported via pipeline to the Sabah Oil and Gas Terminal in Kimanis.
11/17/2014Chevron produces first gas from Bangladesh project
Chevron Corporation announced in late October 2014 that its Bangladesh subsidiary had commenced natural gas production from the Bibiyana Expansion Project in the northeastern part of the country. The project included an expansion of the existing gas plant to process increased natural gas volumes from the Bibiyana Field, additional development wells and an enhanced gas liquids recovery unit. The investments to the project amount to $500 million.
11/17/2014Algeria launches LNG plant
Algeria inaugurated a new LNG plant in the industrial zone of Oran in the north west of the country, Algeria Press Service reported on November 10, 2014. The plant replaces the LNG unit that closed in 2010 after 46 years of activity.
11/12/2014Eni finds more gas offshore Indonesia
Italian energy giant Eni announced in late October 2014 that it had made a significant natural gas discovery offshore Indonesia. The discovery is located in the East Sepinggan Block (Eni is the operator with a 100% stake) offshore East Kalimantan (Borneo) and 170 kilometers south of the Bontang LNG Plant, and 35 kilometers from the offshore Jangkrik field (also operated by Eni).
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