Advanced Lubrication – Unlocking Improvements in Offshore Oil & Gas Operations
Akram Reda, Industrial Marketing, Europe, Africa & Middle East, ExxonMobil Lubricants and Specialties Oil & Gas companies and service partners have the ongoing challenge of maximising productivity while operating safely, sustainably and economically. While only accounting for a small proportion of the total maintenance spend, some of the latest lubricants have …
ExxonMobil Offers the Right Solutions to Help Oil & Gas Producers Enhance Equipment Performance and Boost Productivity
As the demand for reliable energy continues to grow around the world, it is clear that oil and gas will continue to be a major source for overall, global energy supplies. In fact, oil and gas powered electricity generation is expected to grow rapidly through 2030*. (*Source: Outlook for Energy …
ExxonMobil Introduces Advanced Industrial Gear Lubricants
Fully-Synthetic Mobil SHC Gear Lubricants Deliver Optimum Protection for Equipment Operating in Extreme Conditions Mobil SHC Gear lubricants offer extended oil drain Intervals up to six times Mobil SHC Gear lubricants approved by Siemens for use in Flender gearboxes Mobil Industrial Lubricants are designed to help oil and gas companies …
Tatneft announces new USD550 mln. financing
The credit facility is structured as a fixed rate loan of 3.50% per annum with a 6-month interest period and a bullet repayment after three years. The transaction has some unique features associated with hedging the lenders’ exposure at closing to the fixed interest payable by the Company. The credit …
Nalco and LUKOIL Form Energy Chemicals Joint Venture to Serve Western Siberia
Nalco announced today its Russian subsidiary has formed a joint venture with a subsidiary of Russia’s largest oil company, OAO LUKOIL, to provide energy chemicals and services in western Siberia. The joint venture, OOO Kogalym Chemicals Plant, will be based in Kogalym (West Siberia, Russia) and will provide LUKOIL production …
Rosneft Discovers New Deposit in Krasnodar Region
Rosneft geologists have discovered a new high-yield oil deposit in the western part of the Sladkovsko-Morozovsky oil and gas region of the Slavyansko-Temryuksky license field in the Krasnodar Region. Recoverable reserves are initially estimated at over 500,000 tons of oil. The first well in development is Zapadno-Mechetskaya No. 4 at …
Roxi Petroleum BNG Estimation of Resources
Roxi Petroleum, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce the results of an independent Estimation of Resources by Gaffney Cline and Associates (GCA) of the Company’s preliminary interpretation of approximately 1,400 square kilometres of high quality 3D seismic data. The data …
Management Changes at Rosneft
Peter O’Brien, vice president and head of the group of financial advisors to the president of OJSC Rosneft, has reached the end of his contract and will be leaving the company. Over his time at the company (since 2006), Peter O’Brien has made a significant contribution to the development of …
Caterpillar Global Petroleum Engines to Power Transco Expansion projects in Southeast United States
Williams Partners Select G3616, G16CM34 engines for expansion projects Houston, Texas – Williams Partners, L.P. recently selected two Cat® G3616 gas petroleum engines and a G16CM34 gas compression engine to power two expansions of its Transco natural gas pipeline system. Over the past year, Transco has actively increased the transportation …
(AOIL) Repsol files information on joint venture with Alliance Oil
On June 18, 2011 Alliance Oil Company Ltd (“Alliance”) and Repsol Exploración, S.A. (“Repsol”) announced the signing of a non-binding Memorandum of Understanding (“MoU”) to form an exploration and production joint venture in the Russian Federation. In a regulatory filing with The Comisión Nacional del Mercado de Valores (CNMV), the …