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ST. PETERSBURG, Russia — Gazprom Neft subsidiary Gazpromneft-Yamal has announced plans to begin pilot operations at the Severo-Samburgskoye field, located in the Purovsky district in the Yamalo-Nenets Autonomous Okrug, in 2017. Geological modelling of the field indicates oil reserves in the order of 72 million tonnes. The Severo-Sambrugsky Block is 100 km north of Novy Urengoy. The licence for hydrocarbon ...

CALGARY, Alberta (Bloomberg) — MEG Energy Corp. is boosting production at its Christina Lake project in Alberta and tapped debt and equity markets for financing, further signs of a rebound in Canada’s oil patch as crude prices stabilize. The expansion at Christina Lake Phase 2B will increase output from the site by about 25% to 100,000 bpd by 2019, the ...

MONTREAL — SNC-Lavalin Fayez Engineering (SLFE), an engineering consultancy partnership between SNC-Lavalin and Dr. Zuhair Fayez, has been awarded a five-year extension to its existing General Engineering Services Plus (GES+) contract with Saudi Aramco, with three one-year options to extend. Under the contract, SNC-Lavalin will be invited to bid on front-end engineering, detailed engineering and project management services to support ...

TEHRAN, Jan. 12 (Shana) — Iranian Minister of Petroleum Bijan Zangeneh thanked Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo for kindly extending his condolences on the demise of former Iranian President Akbar Hashemi Rafsanjani. Zangeneh said he had related Mr. Barkindo’s condolences to late Mr. Rafsanjani’s bereaved family. The Iranian official also thanked members ...

TEHRAN, Jan. 11 (Shana) — The operator of phases 20 and 21 of the supergiant South Pars Gas Field says phase 21’s platform is currently recovering 27 million cubic meters of natural gas per day, saying the platform is faced with no restrictions in supplying gas to onshore refining facilities. Alireza Ebadi said one third of the gas recovered from ...

MOSCOW — Gazprom Neft has discovered a new field in the Sorochinsky district of Orenburg Oblast. Reservoir engineers have estimated the new discovery, called Novosamarskoye field, has oil-in-place reserves of more than eight million tonnes. This is the first discovery in the area under investigation, which company specialists believe contains a series of smaller deposits. The field was discovered following the drilling of an exploratory well which, ...

LONDON (Bloomberg) — Russia and Kazakhstan said they’ve 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. Russia’s oil production has shrunk by around 130,000 bpd in the first week of January, ...

HOUSTON — Noble Energy has finalized the previously announced bolt-on transactions which have added approximately 7,200 net acres to the company’s Southern Delaware basin position in Reeves County, Texas. The properties, which include associated production of approximately 2,400 boed, are located within and directly adjacent to the company’s existing acreage. Noble Energy’s acreage position and production in the basin has ...

BAGHDAD (Bloomberg) — Iraq has reduced its oil production by 160,000 bpd and will comply with cuts it agreed to make under an OPEC output deal, Oil Minister Jabbar Al-Luaibi said, even as ship loading data suggested that exports are set to increase next month. OPEC’s second-biggest producer is poised to ship 3.64 MMbopd in February from its ports in ...

TEHRAN, Jan. 11 (Shana) — Tehran and Baghdad are in talks to strike deals regarding development of two joint oilfields, a senior Iranian petroleum official said. Deputy Petroleum Minister in International Affairs and Trading Amir Hossein Zamaninia said during a recent visit of an Iranian delegation to neighboring Iraq, the two sides discussed avenues for establishing oil ties and cooperation ...