Schlumberger Stimulation Service Improves Production in a Variety of Reservoirs
Schlumberger today announced a service milestone for its HiWAY* flow-channel hydraulic fracturing service. Since its release a year ago, HiWAY has been pumped in nearly 3,000 stages in vertical and horizontal wells in eight countries for more than 30 operators. “With respect to conventional fracturing methods, the HiWAY service provides …
TNK-BP’s ANDREI YANOVSKY RECEIVES ARISTOS 2011 PRIZE FOR BEST HR DIRECTOR
TNK-BP announces that it`s Vice President, Human Resources and Organizational Development, Andrei Yanovsky, has been awarded the Aristos 2011 prize in the “Best Human Resources Director” category for the Company’s highly efficient HR policy. The prize is organized by the independent Managers Association, which aims to introduce international business standards …
TNK-BP TO IMPLEMENT 70 INNOVATIVE PROJECTS IN ORENBURG IN 2011
TNK-BP subsidiaries in Orenburg (OAO Orenburgneft and OOO Buguruslanneft) are planning to complete 70 innovative projects in the region by the end of the year. Application of unique new technologies would make it possible to produce additional 156,000 tons of crude and get an economic effect of RUR 805 million. …
Victoria Oil and Gas’ Results for year ended 31 May 2011
This has been a most significant year for Victoria Oil & Gas with considerable value added to our assets and extensive work completed at site on our principal projects. At our flagship Logbaba gas and condensate project in Douala, Cameroon we expect to commence production this year. At West Medvezhye, …
International Petroleum Quarterly Activity Report for the Quarter Ending September 30
HIGHLIGHTS US$1.9 million cash at bank at 30 September 2011. Discovered two oilfields at the Krasnoleninsky Project in Western Siberia – one at Well No. 1 and the other at Well No. 2. Reached a final depth of 2,019 metres at Well A-8 at the Company’s Kazakhstan …
Polarcus – Successful placement of new bond issue
Polarcus Limited has successfully completed the NOK 230 million bond issue (the “Bond Issue”) due November 2014. The bonds will be issued with a coupon of 14.00% p.a., interests to be paid semi-annually, and the net proceeds from the Bond Issue will be used for partly refinancing of the bond …
The ROGTEC Interview: Igor Kotman, Business Development Manager, “Halliburton” Russia
After the recent economic downturn the industry is rebounding and activity is up. How has the Russian market place improved over the last 12 months, what is your outlook for the rest of this year and 2012? In 2010, although the physical volume of the market grew by more than 15%, …
TNK BP DEPUTY CHAIRMAN OF TNK-BP MANAGEMENT BOARD MAXIM BARSKIY TO LEAVE THE COMPANY
TNK-BP announces that Deputy Chairman of TNK-BP Management Board Maxim Barskiy has decided to leave TNK-BP as of 1 November in order to carry on his professional career outside of the Company. Maxim Barskiy was appointed Deputy Chairman of the Management Board on June 1, 2010 and performed management of …
TNK-BP ANNOUNCED THE HIGH RESULTS FOR THE NINE MONTHS OF 2011: RECORD LEVELS OF PRODUCTION AND NET PROFIT
· In the first nine months of 2011, TNK-BP increased its oil and gas extraction, excluding joint ventures 2.1% over the same period in 2010 and 3 September reached a historical peak production in 1824 th. BC / day. Extraction by the share in Slavneft and assets in Venezuela grew …
FMC Technologies Reports Third Quarter 2011 Diluted Earnings per Share of $0.50
FMC Technologies, Inc. today reported third quarter 2011 revenue of $1.3 billion, up 34 percent from the prior-year quarter. Diluted earnings per share were $0.50 compared to $0.33 in the prior-year quarter. Highlights: • Record subsea revenue of $824 million • Record fluid control revenue and earnings • Third quarter …