First e-procurement portal for oil and gas industry to be presented in Radisson Slavyanskaya Hotel on March 15
The new e-procurement portal for oil and gas procurement specialists will be presented at the sixth annual conference , “Oil and Gas Industry Supply Chain”, in Moscow on March 15. Prom-oil is the first professional Russian-language website for procurement professionals from of the oil and gas industry. The website contains …
TATNEFT Continues Development of their Vehicle Satellite Monitoring System
OAO Tatneft continues to equip motor vehicles with satellite monitoring systems, which is one of the areas of the Company’s resource-saving activities. As of the beginning of 2010, such systems were additionally installed at 1390 transport vehicles and the total number amounted to 7,715. Implementation of the satellite monitoring system …
KMG EP increased reserves replacement ratio
КаzМunaiGas Exploration Production (“КМG EP” or the “Company”) today announces results of the annual reserves audit, as at 31 December 2010. According to the report by the independent energy consulting firm Gaffney, Cline & Associates (“GCA”), proved plus probable (2P) reserves excluding the stakes in JV Kazgermunai LLP, CCEL and PetroKazakhstan Inc. were …
TOPAZ COMMENCES PLANNED EXPANSION INTO BRAZIL
Topaz Energy and Marine (‘Topaz’), a leading international oilfield services group, today announced that it has agreed to acquire two offshore supply vessels in Brazil based on a total delivered price of $40.4 million. The vessels, Sea Otter and Sea Marten, were built in 2007 and 2010 and are both …
Shtokman Presentation of the environmental aspects of the Shtokman project implementation at RF Federal Council
On February 17, 2011, a round table session “Environmentally Safe Engineering and Process Solutions for Offshore Oil and Gas Fields Development in the Barents Sea” was held at the Federal Council. The round table was attended by Sergey Mironov, Chairman of the Federal Council of RF Federal Assembly, Victor Orlov, …
Rosneft fully replaced its oil reserves in 2010
According to the audit results, as of December 31, 2010, Rosneft had estimated net proved reserves of 22,765 mln boe, which include 18,110 mln bbl (2,487 mln tonnes) of oil and 27,931 bcf (791 bcm) of gas under the PRMS classification. In 2010 the oil reserve replacement ratio was 106%. …
Tethys Petroleum Uzbek Well Flows Over 1,100 Barrels of Oil per Day
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL) today announced the initial results of testing on the NUR96H2 horizontal development well at the North Urtabulak field in Uzbekistan. The well has now been tested at over 1,100 barrels of oil per day (bopd) and is now being put on production. …
Tethys Petroleum Doris Phase 2 Oil Production Advances
Tethys Petroleum Limited (“Tethys” or the”Company”) (TSX: TPL) today announced that TethysMunaiGaz, its 100% owned Kazakh subsidiary, has signed a joint venture agreement to construct and operate a railoil loading terminal (“Terminal”) in Kazakhstan. It will be owned 50/50 with a new localpartner, Eurasia Gas LLP, who has strong experience …
Polarcus holds double vessel naming ceremony
Polarcus Limited (OAX: PLCS) is pleased to announce that it has held a double naming ceremony on 16 February 2011 for the Company’s newest vessels, POLARCUS SAMUR and POLARCUS ALIMA, to join the industry’s most modern 3D seismic fleet. The ceremony was held at the Drydocks World – Dubai shipyard …
Polarcus receives Letter of Award for 3D seismic acquisition
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Award for a 3D seismic acquisition project to be acquired by POLARCUS ALIMA, the fifth and latest vessel to join the Polarcus fleet and the second of the ULSTEIN SX134 design. The project will …