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Regional News: Caspian/Central Asia

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Turkish Cypriot Negotiator Urges Suspension Of Gas Drilling
Tuesday, January 27, 2015 Greek and Turkish Cypriots should agree to suspend the search for offshore natural gas until they have hammered out a settlement in talks, Ergun Olgun says.

BP Cuts 255 Jobs In Azerbaijan, Remains Committed To Region
Tuesday, January 27, 2015 BP cuts 255 jobs, or around 8% of its workforce in Azerbaijan as it trims costs in response to the "challenging market environment".

Tethys Gets 15 Years Extension to Kyzyloi Production Contract
Friday, January 23, 2015 Tethys Petroleum gets permission from the Kazakh government to extend the Kyzyloi Gas Production Contract to December 2029.

Sumatec Reduces Acquisition Price for Borneo Energy by $60M to $290M
Tuesday, January 13, 2015 Sumatec cuts acquisition price for Borneo Energy by $60 million to $290 million, with the purchase giving the former access to two oilfield in Kazakhstan, according to local media reports.

Roxi in Talks to Sell Stake in Galaz Block to Xinjiang Zhundong for $100M
Friday, January 09, 2015 Roxi Petroleum enters into talks to dispose of its interest in the Galaz Contract Area in central Kazakhstan to China's Xinjiang Zhundong Petroleum Technology Co. for around $100 million.


Max Petroleum Sees 4% Increase in Reserves
Friday, January 09, 2015 Kazakhstan-focused junior Max Petroleum sees its 2P reserves increase four percent to 9.9 million barrels of oil equivalent.

Trans Adriatic Pipeline Hires BG Executive as New Managing Director
Wednesday, January 07, 2015 Trans Adriatic Pipeline hires BG executive Ian Bradshaw as its new managing director.

Turkish Vessel To Continue Work Off Cyprus, Deepening Standoff
Tuesday, January 06, 2015 A Turkish research vessel will continue searching for oil and gas off Cyprus, Turkish Cypriot authorities say, extending a simmering standoff between rival sides.

Jupiter Updates on Drilling at Well 19 in Kazakhstan's East Akkar Field
Wednesday, December 31, 2014 Jupiter Energy provides drilling update on Well 19 at the East Akkar field in Block 31 in Kazakhstan.

Cyprus Says Turkey Must Stop 'Bullying' Over Gas
Wednesday, December 31, 2014 Cyprus' president says reunification talks can restart, if Turkey respects the ethnically divided island's sovereign right to exploit its offshore gas reserves.