OGP Publishes Revised Versions of Geophysical Position Data Exchange Formats
OGP has formally released revised versions of the former UKOOA (United Kingdom Offshore Operators Association, now Oil & Gas UK) P1, P2 and P6 formats for the exchange of geophysical position data in the oil & gas industry. The new versions provide a genuine standard medium for data exchange, introduce …
TNK-BP to Invest Over $40 Million in Varyoganneftegaz Pipelines Reconstruction
TNK-BP informs that the Company will invest over $40 mln in the implementation of the pipeline replacement program in Varyogannftegaz in 2013. The program includes replacement and reconstruction of more than 90 km of pipelines. TNK-BP takes continuous efforts to ensure pipeline infrastructure integrity; the comprehensive integrity program includes …
LukOil Wins Imilorskoye, West Imilorskoye and Istochnoye Fields
OOO LUKOIL-West Siberia has won the bidding for the use of a subsoil site of federal importance, including the Imilorskoye+West Imilorskoye and Istochnoye fields located in Khanty-Mansi Autonomous District -Yugra. The Company offered a one-time payment for the subsoil use in the amount of RUR 50.8 billion, which amounts to …
LukOIL And Eurasia Drilling Company Sign MOU
Ravil Maganov, LUKOIL First Executive Vice President, and Aleksandr Dzhaparidze, CEO of EURASIA DRILLING COMPANY Ltd. (EDC), signed a Memorandum of Understanding between the companies. As part of the document, EDC will provide LUKOIL with the drilling capacities that are required for the project aimed at additional exploration and development …
Pioneering Centrax Package Powers Versailles
Centrax, the leading UK gas turbine power-generation packaging specialist, has completed one of its highest-profile installations in recent years with the commissioning of its first Siemens CX400 package. This 12MW unit is now meeting 40 per cent of the hot water demand of the French city of Versailles, on the …
Arctic Tax Breaks Appearing from the Ice
The Russian State Duma has in a first reading proposed to abolish the property tax for all offshore Arctic gas projects. The tax reform, which is included in a legislative bill on offshore gas fields, comes after major pressure and long-dragged negotiations between Gazprom and government officials. As previously reported, …
Roxi Petroleum: Raises $40m USD in New Investment from Kairat Satylganov
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has entered into an agreement to raise $40 million from the issue of new Roxi shares. Mr. Kairat Alpamysovich Satylganov, a Kazakh investor, has agreed to subscribe for 355,165,716 …
New Non-Metallic Hardbanding Improves Wear Resistance In Non-Mag Applications
Hardbanding Solutions by Postle Industries has just introduced a new non-magnetic hardband which is said to dramatically improve wear resistance. The new hardband, called Ultraband™ NM, can provide up to 500% improved wear resistance over ordinary non-magnetic welding alloys such as 310 stainless steel. Additionally, it can provide up to …
Halliburton to Provide Solutions for Accessing TNK-BP’s Tight Oil Reserves in Russia’s Krasnoleninskoe Field
Halliburton will apply its technology and expertise in unconventional resources to develop TNK-BP’s assets previously considered uneconomical TNK-BP has selected Halliburton to provide an integrated services solution to increase production from the complex and challenging tight oil reserves in the Em-Yoga license area of Russia’s Krasnoleninskoe oil and gas field …
Max Petroleum Strikes 20 Metres of Pay at ESKN-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic …