The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
Kazakh President Kassym-Jomart Tokayev accepted the government’s resignation Wednesday after increases in fuel prices led to clashes between protesters and police in central Asia’s largest energy producer.
A family-run oil and gas firm in Aberdeenshire is celebrating its best year in business, 22 years since first setting up shop.
BP abandoned three oil projects in Kazakhstan after it changed strategy to concentrate on renewable energy and its existing ventures.
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.
Petrofac has won a $135m (£106.6m) contract in Kazakhstan in a joint venture with locally-based Iskar Group.
Royal Dutch Shell Plc, Eni SpA and their partners in the Karachaganak oil and gas venture may be required to pay an additional $1 billion to settle a dispute with Kazakhstan over revenue sharing, said people familiar with the matter.
A brawl between Kazakh workers and their Arab colleagues in one of Kazakhstan's largest oil fields has left 30 people injured and led to an outcry in Lebanon and Jordan.
How should poor countries which find themselves rich in oil and gas use their wealth to build a sustainable future for their people? There is a wide range of options and plenty of examples of how to get it wrong.
Italian energy company Eni has signed an agreement to renew the conditions for the transfer to Eni of 50% of the subsoil use rights in the Isatay block in the Caspian Sea off Kazakhstan.
Ellon-based integrity monitoring specialist North East Corrosion Engineer (NECE) has won its first contract of the year in Kazakhstan.
A policy of nationalizing chunks of an economy inevitably creates oligarchs who skim profits off the country's natural resources.
Kazakhstan has agreed to continue talks over a tax dispute with a consortium of oil majors led by Shell and Eni.
Kazakhstan said it may offer to freeze its oil output at last month's level at talks between Opec and non-Opec producers in Vienna later today.
Kazakhstan said it's state security service has detained several people suspected of stealing oil and fuel from a refinery which has been linked to radical Islamists.
Kazakhstan's Energy Minister said he has not yet decided whether to attend the meeting of OPEC members and other oil producers in Vienna.
Kazakhstan’s authorities are looking at whether the Karachaganak oil and gas venture, which includes Royal Dutch Shell Plc and Eni SpA, has unpaid taxes.
Central Asia focused Tethys Petroleum suffered a 46% slump in third quarter revenues due to a drop in production and the devaluation of the Kazakh currency.
Production resumed today from the giant, $50billion Kashagan oil and gas field in the Caspian Sea, Kazakhstan’s energy ministry said in a statement.
Wood Group said today it had won a $700million contract to provide automation contractor services to a partnership in Kazakhstan.
Chevron today confirmed its 50% owned affiliate, Tengizchevroil (TCO), will go-ahead with a $36.8billion aimed at increasing production in Kazakhstan to one million barrels of oil equivalent a day.
Nostrum Oil and Gas saw pre-tax profit fall by more than two thirds last year as it was hit by lower production and falling oil prices.
Kazakhstan's President has replaced the current energy minister Vladimir Shkolnik with a regional governor.
Russia is responsible for 25 key crude and natural gas projects expected to commence operations by 2025, dominating the Former Soviet Union’s (FSU) oil and gas production, according to a new report.
One thing that oil producers congregating in Davos agree on is that the oil rout can’t go much further. There’s less consensus about when the recovery will arrive. Officials from Kazakhstan and Nigeria to Azerbaijan and Saudi Arabia, speaking at the World Economic Forum, concur that the global glut will begin to dissipate this year as the lowest prices in 12 years force cuts in spending and production.