BP Announces Settlement with Cameron International Corporation of Claims Related to the Deepwater Horizon Accident
BP announced that it has reached agreement with Cameron International Corporation (“Cameron”), the designer and manufacturer of the Deepwater Horizon blowout preventer, to settle all claims between the companies related to the Deepwater Horizon accident and spill. BP and Cameron have concluded that the settlement is in their mutual best …
Max Petroleum Annouced the Extension of Trial Production at the Zhana Makat Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that the Kazakh Government has approved a 3 month extension of Max Petroleum’s trial production project for the Zhana Makat Field until 15 March 2012. The extension is expected to provide the necessary time …
Roxi Petroleum: Spudding of BNG Well 136
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that the BNG well 136 on the North Yelemes structure was spudded on 16 December 2011. Drilling is expected to take approximately 40 days and the well is planned to drill to a …
BG Group Reaches Agreement with the Republic of Kazakhstan on Karachaganak
BG Group today announced that the Republic of Kazakhstan (RoK) and the contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan have reached an agreement that will support the further development of the field. The agreement, effective from 30 June 2012 on satisfaction of conditions precedent, involves Kazakhstan’s …
Tethys Petroleum Completes Tajikistan Acquisition
Tethys Petroleum Limited announced that it has completed the purchase of 34% of the shares in Seven Stars Energy Corporation from its Tajik joint venture partner Sangam Limited, and increased its shareholding to 85% (from 51%). Seven Stars Energy Corporation is the owner of the rights to the Bokhtar Production …
TNK-BP’s Board Directors Meeting: Greenfield Production and Dividend Up, Two Board Members Leave
The Board of Directors of TNK-BP Limited, the main holding company of TNK-BP Group, held a regular board meeting on 9 December, 2011. The members of the Board reviewed TNK-BP’s operational and financial performance in 2011 and noted that increased production at the Company’s greenfield projects, greater refining volumes as …
Exillon Energy Production Update Nov 2011
Exillon Energy, a British listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of November 2011. · Average daily production[1] for the Group reached 10,935 bbl/day during the period. · Average daily production …
The ROGTEC Interview: Colin Duff, Sales Director for Hardbanding Solutions Europe Ltd
What is your position in the company and how long have you held this position? I was appointed Sales Director when Hardbanding Solutions Europe Ltd was formed as a technical center for hardbanding products Duraband NC and Tuffband NC on 1st September 2011. Before that I held the position of …
Basin Modeling in Alaska & the Outlook for Siberia
Schenk, O., Spahic, D., Bird, K.J., and Peters, K.E. Basin and petroleum system modeling is an indispensable tool used to examine the dynamics of sedimentary basins and their associated fluids, in order to evaluate if past conditions were suitable enough for the generation of hydrocarbons, which ultimately could have been …
TNK-BP: Managing Exploration Risks & Uncertainties
Alexander Fokin, Acting Exploration Assurance Dept. Director, International Projects and Exploration Division Group, Upstream The concepts of ‘exploration risk’, ‘uncertainty’ and ‘probabilistic evaluation’ play a key part throughout the exploration process. These are critical factors that provide the basis for planning, assessment of exploration and appraisal (E&A) success rate, screening …