site.news_by_theme Kashagan

Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.

North Caspian Operating Company (NCOC) informed that the transition to a new operator of the Kashagan project started back in May 2014.

Standard & Poor’s has changed Kazakhstan’s credit-rating outlook from Stable to to Negative.

Kazakhstan’s president Nursultan Nazarbayev expressed concern about the development of the Kashagan oil field during his meeting with the CEO of Italian Eni Claudio Descalzi.

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.

The new operator will comprise best specialists employed with member companies of the consortium: Oil Minister Uzakbai Karabalin.

According to the country’s Minister of Economic Affairs Yerbolat Dossayev, the suspension of the project resulted in losing 0.5% of the GDP in 2014.

Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.

Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.

Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.

He elaborated that “these are preliminary data obtained from the consortium of foreign companies in charge of developing the oilfield”.

A full-scaled resumption of crude production at the giant Kashagan oilfield should be expected at the end of 2015, Yves Louis Darricarrere, President of the Exploration & Production Division at Total SA, said earlier.

Given the risks of further postponement of commercial production at the giant Kashagan oilfield, talks will be held with other oil companies to boost crude production figures, Tengrinews.kz reported earlier.

Peter Baruch detained for corruption of minors in Kazakhstan's Uralsk and Atyrau will remain in custody till the end of the month.

Talks will be held with other oil producers to boost crude production and exports by at least 1.5 million tons at other oilfields: Minister of Economic Affairs.

Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.

Over 2000 weld seams have been inspected; we have covered over 6000 meters of pipes with in-line inspections; the data is being processed at laboratories, he said.

NCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.

Kazakhstan ecologists are demanding that the Kashagan field operator pays a fine of $737 million to compensate the environmental damage.

It’s too early to talk of any specific figures, estimated expenses related to repairs of the pipe: KazMunaiGas National Oil Company Head.
- Total
- ExxonMobil
- gas
- industry
- Kazakh
- Kazakhstan
- news
- Oil
- Shell
- ConocoPhillips
- transition
- S&P
- rating
- growth
- economy
- Foreign Investors Council
- ENI
- USA
- Americas
- field
- operation
- Agip KCO
- Caspian Sea
- Europe
- KazMunaiGas
- project
- development
- Uralsk
- corruption of minors
- Court
- crime
- Pornography
- British
- fine
- environment
- ecology
- company
- Atyrau