2013

Energistics Unit of Measure Dictionary v1.0 is intended to cover the needs of the oil & gas industry and as such is not an exhaustive list of all units of measure in existence. There are many units used in the medical, culinary, agricultural and other fields which are not relevant …

In the third quarter of 2013, Alliance Oil Company demonstrated strong financial and operational performance. Crude oil and oil product prices increased and the average exchange rate of the RUB to the USD weakened compared to the previous quarter. Quarter ended 30 September 2013 — Revenue of MUSD 1,013.7, up …

Tethys Petroleum Limited  is proud to announce that it has won the prestigious World Finance Oil & Gas Award for the Best Exploration and Production Company, Asia 2013. Dr. David Robson, Executive Chairman and President of Tethys Petroleum Limited, was honoured to accept this award on behalf of Tethys at …

The Gazprom Management Committee Chairman Alexey Miller held at the Company’s headquarters a meeting dedicated to the Vladivostok-LNG project. It was noted that the project was progressing rapidly and on schedule – the first train of an LNG plant will be commissioned in 2018. As of today, a special-purpose company – Gazprom LNG Vladivostok – is set up to implement the project. The design documentation is being developed with …

Yamal Development (a 50/50 Joint Venture between OAO Gazprom Neft and OAO NOVATEK) signed a binding agreement with the Italian energy company, Eni on acquiring a 60% equity stake in Arctic Russia B.V., which owns 49% of the SeverEnergia Joint Venture. The value of the transaction is USD 2,940 million. The transaction is subject to receipt of necessary approvals. Following completion of the transaction, …

Italian oil and gas group Eni has agreed to sell its stake in natural gas producer SeverEnergia to Russia’s Novatek and Gazprom Neft for $2.94 billion reported Reuters. * Eni to be paid cash at closing * Enel earlier sold SeverEnergia stake to Rosneft * Eni exits upstream development in …

Royal Boskalis Westminster N.V. (Boskalis) and Royal Volker Wessels Stevin N.V. (VolkerWessels) have combined their forces in the field of offshore cable installation by establishing a 50/50 joint venture. The joint venture creates a strong party combining know-how and equipment allowing it to respond effectively to growth in the market …

Gazprom Neft and Novatek are considering increasing their joint controlling stake in gas producer SeverEnergia, to counter any ownership challenge by state oil giant Rosneft, a document obtained by Reuters said. Potentially one of Russia’s largest partly foreign-owned gas projects, SeverEnergia is expected to produce 36 billion cubic meters of …

RPI, a leading provider of research on the energy sector of Russia, the Caspian region, Central and Eastern Europe, would like to bring to your attention the upcoming release of the Oil well stimulation and enhanced oil recovery markets in Russia and forecasts for these markets until 2020 research study. …

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, will invest EUR 390 million from 2014 to 2016, EUR 300 million dedicated to bring on stream new operating capacity and EUR 90 million for maintenance. The approved investment program suggests that …