US oil giant Chevron announced Tuesday a $36.8 billion expansion project in Kazakhstan, the first major investment since the oil-price rout.
US energy giant ExxonMobil is facing an onslaught from environmentalists and some shareholders including the Rockefeller Family Fund.
Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.
Exxon Mobil, an American major multinational oil and gas corporation and world’s third largest company by revenue, may take over as Kashagan's new operator.
Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.
Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.
Arkansas opened an investigation into an ExxonMobil pipeline that unleashed thousands of barrels of crude and forced the evacuation of 22 homes.
According to Kazakhstan geologists, geological reserves of Kashagan are estimated at 4.8 billion tons of oil.
Independent expert Olzhas Baidildinov of Kazakhstan has expressed his opinion on the news about ConocoPhillips intent to sell its stake in Kashagan to Indian ONGC.
Kazakhstan President shared his views with the participants of the 5th Astana Economic Forum.
Oil & Natural Gas Corp and GAIL India Ltd. are planning to buy part of ExxonMobil's stake in the project developing Kashagan oil field.