2011

SOCAR President Mr. Rovnag Abdullayev met with Mr. Phil Mulhall, ExxonMobil Regional Manager for Europe and the Caspian Region and Mr. Steven Mann, chief advisor on international issues. Mr. Abdullayev informed the guests on the latest achievements of Azerbaijan in the oil and gas industry. In turn, ExxonMobil officials highly …

SOCAR and Swiss Foster Wheeler signed a memorandum of understanding. The document was signed by SOCAR Vice-President for strategic development Mr. Tofig Gahramanov and Chief Executive Director of Foster Wheeler Mr. Marco Maresco. The MoU involves the establishment of a joint venture on the material and technical base of SOCAR’s …

GE Energy, which has grown from $29 billion in revenue to over $40 billion since 2006, announced today that Dan Heintzelman, currently CEO of GE Energy Services, has been named CEO of GE Oil & Gas. Heintzelman succeeds Claudi Santiago, who has served as CEO of GE Oil & Gas …

International Petroleum Limited advises that 1,500,000 unlisted employee options exercisable at $0.30 each in the Company have been cancelled due to one of the vesting conditions not being satisfied and in accordance with the terms on which the employee options were issued. Source www.internationalpetroleum.com

Derrick Equipment Company is pleased to announce STEP Oiltools LLC, headquartered in Moscow, Russia as the exclusive Derrick Distributor for Russia, Kazakhstan, Turkmenistan, Uzbekistan, and Azerbaijan. The agreement is valid for all Derrick Equipment Oilfield products including capital equipment, replacement screens, and parts. For further information, please contact: STEP Oiltools …

Offshore Energy again attracts leading companies to its two-day conference. IHC, Jumbo and Van Oord are among the confirmed speakers at Offshore Energy, Shell, GdF Suez and Chevron are invited. Conference delegates can choose from a wide range of separately bookable half-day conferences and brief topical sessions. This year the …

Dragon Oil plc, an international oil and gas exploration and production company, announces that the Group has recently refitted the previously stacked Rig 40 and commenced drilling on the Dzheitune (Lam) 13 platform. The rig has spudded the Dzheitune (Lam) development well 13/160, the first of four wells planned to …

SOCAR (except Joint Ventures and Operating Companies) conducted 10923 meters drilling works in June, 2011. Of this amount, development drilling made up 10687 m and exploration drilling – 236 m. As a whole, in January-June of 2011, SOCAR (except Joint Ventures and Operating Companies) conducted 78533 m drilling works including …

Fontera Resources Corporation, an independent oil and gas exploration and production company, today announced that its operating subsidiary in Georgia, Frontera Eastern Georgia Limited, has received a ruling from the United States District Court, Southern District of Texas, Houston District, that confirms its April 19, 2010 arbitration award in the …

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has begun testing of the ZMA-ET1 appraisal well in the Zhana Makat Field, successfully flowing 47 degree API oil at an equivalent rate of approximately 1,200 barrels of oil per …