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Iranian Energy Giant Ready to Replace Total in South Pars Project

Iranian holding company MAPNA Group voiced readiness to take over a project on development of the country’s South Pars gas field as French company Total has backed out of its contract with Iran for fear of the US sanctions.

read more... 23/07/2018


Gazprom to commence development of Kharasaveyskoye field in 2019

Russian firm Gazprom is planning to commence the full-scale development of the Kharasaveyskoye field located north of Bovanenkovskoye in the Yamal Peninsula, in 2019.

read more... 17/07/2018


Gazprom, Uzbekneftegaz discuss Shakhpakhty gas field production

Russian gas monopoly Gazprom and national holding company Uzbekneftegaz have discussed the bilateral cooperation between the companies, focusing on the joint development of the Shakhpakhty field in the former Soviet republic.

read more... 12/07/2018


Russia extends Kharyaga oil field PSA with Total to 2031

The Russian government is extending a production sharing agreement with France's Total for development of the Kharyaga oil field by 13 years to the end of 2031, in the latest sign that many Western majors' operations in Russia are continuing despite sanctions on the oil sector.

read more... 11/07/2018


Exclusive: France's Total prepares sale of $1.5 billion of UK North Sea fields

France’s Total is set to sell a third of its stake in Laggan Tormore gas field along with other oil and gas assets in Britain’s North Sea that could fetch a total of $1.5 billion, four banking and industry sources said.

read more... 10/07/2018