Kazakh courts get tough on noncompliance

Last week, Eni subsidiary Agip KCO and the North Caspian Operating Company (NCOC) were ordered to pay a fine of $735 million after the Atyrau District Court rejected the oil and gas companies’ appeal against a judgment over oil spills in Kazakhstan.

The government is cracking down on exploration and production companies failing to comply with environmental regulations.

Agip KCO and NCOC were fined after gas escaped into the atmosphere at the Kashagan field and Bolashak ground complex in October 2013.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

15 hours ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

19 hours ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

21 hours ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

1 day ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

1 day ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

2 days ago

This website uses cookies.