site.news_by_theme Kashagan
Workers producing parts of equipment for Kashagan go on strike
Dozens of workers launched the campaign to demand the salaries owed to them since December 2013.
18 June 2014
Consortium and Kazakh government agree on stages of Kashagan development
Members of the Kashagan project have signed a memorandum with the Kazakhstan Government on stages of the oilfield's development.
18 June 2014
Transition to new Kashagan operator started in May: NCOC
North Caspian Operating Company (NCOC) informed that the transition to a new operator of the Kashagan project started back in May 2014.
18 June 2014
S&P lowers Kazakhstan's credit-rating outlook to Negative
Standard & Poor’s has changed Kazakhstan’s credit-rating outlook from Stable to to Negative.
16 June 2014
Nazarbayev worried about Kashagan
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.
13 June 2014
Exxon may take over as Kashagan operator
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.
07 June 2014
New operator for Kashagan to be launched by September 2014
The new operator will comprise best specialists employed with member companies of the consortium: Oil Minister Uzakbai Karabalin.
27 May 2014
Vice Minister of Oil and Gas on Kashagan
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.
22 May 2014
Counting losses from Kashagan suspension
Losses from the forthcoming two-year suspension of the Kashagan oilfield development project in Kazakhstan are estimated at two billion dollars in the least.
11 May 2014
New operating company for Kashagan
Kashagan project in Kazakhstan may get a new operatoring company in the nearest future.
08 May 2014
North Caspian Operating Company planning full replacement of pipelines at Kashagan
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.
29 April 2014
Commercial production at Kashagan to be resumed at the end of 2015: Minister of Economic Affairs
He elaborated that “these are preliminary data obtained from the consortium of foreign companies in charge of developing the oilfield”.
29 April 2014
Head of NCOC, Kashagan operating company, to resign
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.
24 April 2014
Full-scaled resumption of crude production at Kashagan expected at the end of 2015
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.
22 April 2014
Peter Baruch's hearing postponed
Peter Baruch detained for corruption of minors in Kazakhstan's Uralsk and Atyrau will remain in custody till the end of the month.
21 April 2014
Talks to be held to boost oil production at other oilfields over failed plans to produce 2.5 million tons at Kashagan
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.
14 April 2014
Kashagan oil production may be suspended for 2 years
Operations at gigantic Kashagan oilfield in Kazakhstan may be suspended for two years.
10 April 2014
Oil Minister Uzakbai Karabalin on Kashagan
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.
07 April 2014
NCOC and Agip to dispute Kashagan fine
NCOC and Agip KCO intend to dispute the $737 million damage compensation for the break down at the Kashagan oil-field in court.
22 March 2014
Kashagan operator fined $737 million for flaring
Kazakhstan ecologists are demanding that the Kashagan field operator pays a fine of $737 million to compensate the environmental damage.
21 March 2014