BP Agrees to Settlement with Weatherford of Potential Claims Between the Companies Related to The Deepwater Horizon Accident
BP today announced that it has reached agreement with Weatherford U.S., L.P. (“Weatherford”) to settle potential claims between the companies related to the Deepwater Horizon accident. BP and Weatherford have agreed to mutual releases of potential claims against each other, and BP has agreed to indemnify Weatherford for compensatory claims …
Max Petroleum Drilling Update June 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BOR-3 appraisal wellin the Borkyldakty Field. The total depth of the well will be approximately 1,800 metres, targeting Triassic reservoirs. Source www.maxpetroleum.com
International Petroleum: Electrical logging results of oil discoveries at Krasnoleninskiy Well No. 1 and Well No. 2 and commencement of drilling at Kazakhstan Well A-8
International Petroleum Limited, an oil and gas exploration company with assets in Kazakhstan and Russia, is pleased to announce the results of the interpretation of electrical logging of Well No. 1 and Well No. 2 at its Krasnoleninskiy Project in Western Siberia, following both of the wells reaching their final …
Growing sponsor interest boosts MIOGE and RPGC in 2011
The 11th biennial Moscow International Oil & Gas Exhibition (MIOGE) will take place this year on 21-24 June at Expocentre in Russia. The exhibition is co-located with the 9th Russian Petroleum Gas Congress (RPGC) which takes place at the same venue on 21-23 June. The events are supported by 48 …
Distinguished speakers raise the profile of RPGC in 2011
The 9th Russian Petroleum Gas Congress (RPGC) will take place this year on 21-23 June at Expocentre in Russia. The Congress is co-located with the 11th biennial Moscow International Oil & Gas Exhibition (MIOGE) which takes place at the same venue on 21-24 June. The RPGC programme this year will …
The global oil and gas community gathers in Moscow for MIOGE 2011
The 11th biennial Moscow International Oil & Gas Exhibition (MIOGE) will take place this year on 21-24 June at Expocentre in Russia. The exhibition is co-located with the 9th Russian Petroleum & Gas Congress (RPGC) which takes place at the same venue on 21-23 June. Over 1000 companies from 36 …
Gazprom Neft and GEPetrol sign cooperation agreement
On 6 June Alexander Dyukov, Chairman of the Management Board of Gazprom Neft, and Candido Nsue Okomo, Director General of GEPetrol, the national oil company of Equatorial Guinea, signed a cooperation agreement in the Kremlin. The signing of the agreement was witnessed by Russian President Dmitry Medvedev and the President …
PwC Russia ‘Mega deals’ continue to blaze a trail in Oil and Gas sector
While the first quarter of 2011 witnessed the lowest level of deal activity in the oil and gas sector since early 2009, it is clear that ‘mega deals’ are still very much on the agenda according to PwC’s latest Oil and Gas Global Deal trends report. The report reveals that …
Cooperation Agreement Executed by Shtokman Development and United Shipbuilding Corporation
Mr. A. Zagorovskiy, Chief Executive Officer of the Shtokman Development AG (SDAG) and Mr. R. Trotsenko, President of the Unified Shipbuilding Corporation (USC) signed the Cooperation Agreement on June 2, 2011 in Moscow. According to the Agreement SDAG and USC acknowledge their intentions to cooperate to achieve maximum Russian content …
Max Petroleum Discovery in the Narmundanak South Borkyldakty Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. Discovery in Narmundanak South The NARS–1 exploration well on the Narmundanak South prospect in Block …