FMC Technologies Signs Global Frame Agreement with BP
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a five-year global frame agreement with BP to provide subsea production systems and life-of-field services for their worldwide subsea development projects. “We have a strong relationship with BP and have supported a number of their projects in the world’s …
M-I SWACO Introduces Next Generation Water-Base Drilling Fluid for HTHP Environments
The EnviroTherm NT water-base drilling fluid provides stability under extreme HTHP conditions AMSTERDAM, March 3, 2011—M-I SWACO announced today the release of the EnviroTherm* NT water-base drilling fluid, which is designed for high-temperature, high-pressure (HTHP) wells, including those in shale plays, environmentally sensitive areas or projects that experience high temperatures …
Schlumberger Introduces New Fiber System to Reduce Nonproductive Time
Schlumberger today announced the release of the Losseal family of reinforced composite mat pills. This system, which combines fibers and solids into specifically engineered pills, reduces nonproductive time (NPT) by mitigating the risk of lost circulation during drilling and cementing operations. “Lost circulation problems that can occur during primary cementing …
Schlumberger Introduces New High Build Rate Rotary Steerable System for Increased Reservoir Exposure
PowerDrive Archer RSS Kicks Off Deeper and Lands Earlier in the Reservoir AMSTERDAM, March 1, 2011–Schlumberger announced today the release of its PowerDrive Archer* high build rate rotary steerable system (RSS). The system delivers well profiles previously possible only with motors, and with the ROP and wellbore quality of a …
Gazprom Neft concludes a co-operation agreement with the Yamalo-Nenets Autonomous Area Administration
Alexander Dyukov, Chairman of the Management Board of Gazprom Neft, and Dmitri Kobylkin the Governor of the Yamalo-Nenets Autonomous Area, today in Noyabrsk signed a three-year agreement on social and economic co-operation between Gazprom Neft and the Administration. The official signing ceremony was also attended by Alexei Miller, Chairman of …
Gazprom Neft begins developing Cenomanian gas pools
Gazprom Neft has commissioned two Cenomanian gas pools, located in the Muravlenkovsky and Novogodni deposits, with their development being handled by the company’s subsidiaries – Muravlenkovskneft and Gazpromneft-Noyabrskneftegaz. Alexei Miller (Chairman of the Gazprom Management Committee and Chairman of the Board of Directors of Gazprom Neft), Alexander Dyukov (Chairman of the …
Opportunities for Business at Atyrau Oil & Gas
The 10th North Caspian Regional Atyrau Oil, Gas & Infrastructure Exhibition will be held on 5 – 7 April at the Atyrau Sports Complex, while the co-located 5th Atyrau Regional Petroleum Technology Conference (OilTech Atyrau) is held on the 5 – 6 April at the Renaissance Atyrau Hotel in Kazakhstan. …
Smith Bits Introduces New Drill Bit for Shale Drilling
Smith Bits announced today the release of its Spear* shale-optimized steel body polycrystalline diamond compact (PDC) bit. The Spear drill bit is specifically designed for shale plays to efficiently drill a curve and a long lateral hole section for faster penetration rates in low hydraulic energy environments. “The Spear bit …
Gazprom Neft’s Board of Directors completes ongoing business review
An ordinary meeting of the Board of Directors of Gazprom Neft took place on 25 February in St. Petersburg, during which the company’s current business activities were examined. The Board took notice of progress made in implementing measures for Gazprom Neft’s exit from the oil service business. The decision to …
FMC Technologies Announces Executive Management Succession
FMC Technologies, Inc. (NYSE:FTI) announced today that Peter D. Kinnear will be succeeded by John T. Gremp as President and Chief Executive Officer effective March 1, 2011. Additionally, Mr. Gremp has joined the Company’s Board of Directors. Mr. Kinnear will continue in the role of Chairman of the Board until …