(SRI) - The Kazakh government may suspend work to expand the Kashagan oil field for three years, the Daily Telegraph reported last week, citing an unidentified official.
(SRI) - ConocoPhillips is considering selling its oil and gas interests in Kazakhstan as part of a planned sale of assets worth up to $17 billion, Reuters reported citing an oil analyst.
(SRI) - Kazakhstan will not approve the existing budget for the development of the second phase of the Kashagan oil field project due to high costs, Reuters reported on Monday, citing Kazakh Oil and Gas Minister Sauat Mynbayev.
(SRI) - The giant Kashagan offshore oil field could begin commercial production as early as by the end of 2012, slightly ahead of schedule, Kazakhstan’s Oil and Gas Minister Sauat Mynbayev said on Monday during an official visit to India.
(SRI) - Kazakhstan’s financial police is continuing its investigation of Eni SpA, the Italian energy group, amid allegations of fraud, financial police spokesman Murat Zhumanbai said on Monday.
(SRI) - Kazakhstan’s authorities accused Eni SpA, the Italian energy group, of a $110-million fraud committed while operating the giant Kashagan offshore project.
(SRI) - Royal Dutch Shell Plc has cut the projected cost of the second phase of the Kashagan oil field development program from $68 billion to $50 billion, The Daily Telegraph reported on Monday, citing a senior Kazakh official.
(bne) - On the heels of news that KazMunaiGas has signed off on the deal to increase its stake in the Kashagan project come reports Kazakhstan is close to striking a deal over the Karachaganak venture, under which the international consortium developing it would avoid export duties in return for handing over a stake.
(SRI) - Cost control will be key during the second phase of development of the Kashagan oil field, local news agencies quoted Oil and Gas Minister Sauat Mynbayev as saying.
(SRI) - The second phase of development of the Kashagan oil field has been postponed until 2018-2019, local newswires reported on Thursday, citing the chief executive of Kazakh oil and gas company KazMunaiGas.