Oil and gas companies KazMunayGas and Lukoil plan to engage in joint subsoil use in Kazakhstan, with reference to the press service of the national company.
Oil and condensate production at the Karachaganak oil field in Kazakhstan operated by Karachagank Petroleum Operating (KPO) fell by 21% to 0.785 million tonnes in September from 1.028 million tonnes in August, two sources citing output data said.
Tengizchevroil will re-mobilise personnel from September 1 to work on the future expansion project and wellhead pressure management project at the Tengiz field, TCO press service reported.
Atul Gupta has been appointed as CEO of Nostrum Oil & Gas, the company said.
Kazakhstani KazMunayGas refineries reduced the processing of raw materials by 9.7%, to 6.02 million tonnes.
Kazakhstan raised its oil output in July to 1.331 million barrels per day (bpd), by 2% from June, two industry sources familiar with preliminary data told Reuters on Monday, meaning the country was slightly over its target under a global pact among producers.
Petrofac has won a $135 m (£106.6 m) contract in Kazakhstan in a joint venture with locally-based Isker Group.
Kazakhstan's drive towards a low-carbon and climate-resilient economy by cutting the use of coal-fired power stations and reducing greenhouse gas emissions by up to 25 per cent by the end of 2030 will receive a boost following the approval of a new financing facility from the European Bank for Reconstruction and Development (EBRD) to KazTransGas, the operator of the national gas transportation system.
The chairman of the board of KazMunayGas Alik Aidarbayev proposed transferring KazTransGas to the management of the Samruk Kazyna fund.
KazMunaiGas national company does not plan to reduce production personnel.
In order to prevent the spread of the incidence of COVID-19, quarantine was introduced on the territory of the Karachagank oil and gas condensate field in Burlinsky district of the West Kazakhstan region.
The debt of KazMunayGas NC is $10.6 billion. Since the beginning of 2018, debt has decreased from $16 billion to $10.6 billion thanks to measures to strengthen financial stability and an early repayment program.
Shipment from CPC in April of this year amounted to 5 million 328 thousand 017 tonnes of oil gross, which is almost 30% more compared to April last year.
The Kazakh national oil and gas company Kazmunaygas produced 5.929 million tonnes of oil and gas condensate in the first quarter of this year.
Barclays has released an analytical report on the situation in the oil and gas industry.
The Largest oil producer in Kazakhstan Tengizchevroil (TCO) continues to work in normal mode after among the employees of one of the Contracting companies has been confirmed a new case of infection with coronavirus.