Tatneft: Holds Regular Board Meeting
A regular meeting of the Board of Directors of JSC TATNEFT chaired by Rustam N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on October 1, 2013. The Board of Directors meeting reviewed the budget performance of TATNEFT for eight months of 2013 and …
Russia Launches New Subsea Tax Incentives
Russia introduced new tax breaks on Monday encouraging oil firms to explore hard to reach subsea fields, in the hope of unlocking new reserves as the country approaches full production capacity from its dwindling oil deposits in West Siberia. Russia, the world’s top energy producer, is now pumping close to …
KMG E&P: Kairbek Eleusinov Appointed New Deputy General Director for Production
JSC KazMunaiGas Exploration Production announces that Bakhyt Imanbayev, Deputy General Director for Production, Member of the Management Board, has resigned. Kairbek Eleusinov has been appointed as a new Deputy General Director for Production.
Shelton Petroleum AB: Successful Fracing Program Increases Well Productivity in Russia
Shelton Petroleum has recently completed a series of activities designed to increase oil production at the Rustamovskoye oil field in Russia. A two well fracking program has substantially increased well productivity. In addition, the drilling of the field’s fourth well has been completed and oil was encountered at target depth. …
Max Petroleum: Sagiz West Appraisal Well Strikes 30m of Good Pay
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce the SAGW-6 appraisal well in the Sagiz West Field has reached a total vertical depth of 1,453 metres, with electric logs indicating 30 metres of net oil pay over a 93 metre …
Schlumberger Releases New High-Definition Imaging-While-Drilling Service
MicroScope HD service provides detailed logging-while-drilling images for reservoir description and completions optimization Schlumberger announced today the release of the MicroScope* HD high-definition imaging-while-drilling service. The MicroScope HD service provides unmatched logging-while-drilling (LWD) imaging for reservoir description to enable detailed fracture characterization and completion optimization in conductive drilling fluids for …
Gilmore Tools: Cutting Tool Threading Inserts For Oil & Gas Pipe
Gilmour Tools have been manufacturing special form tools for over 40 years in a purpose built factory in Scotland, as well as supplying the local Oil & Gas market our products are used all over the world. We supply direct and to many well known cutting tool manufacturers who sell …
Tatneft: Eco-friendly Technologies to Improve Oil Recovery
Engineering developments of TatNIPIneft have been successfully applied at JSC TATNEFT for enhanced oil recovery of the fields at the late stage of development. One of them, a technology of increasing depletion of oil reservoirs using compositions on the basis of silica gel (technology SSG-VUKSZHS) won the Grand Prix in …
Rosneft Board of Directors Rules to Purchase RN Holding Shares
The Board of Directors of Rosneft made a resolution to purchase ordinary and preferred shares of ОАО RN-Holding (formerly ОАО TNK-BP Holding) based on a voluntary offer to acquire shares under the applicable laws on joint stock companies. The Board of Directors resolved to establish the voluntary acquisition price based …
Matra Petroleum: New Strategy Focuses On More Attractive US Fields
Matra Petroleum, the oil and gas investing company, is pleased to provide the following strategy update on progress towards implementing its investment policy and making a value accretive acquisition. The Company has appraised and evaluated a number of opportunities in Russia and the CIS and has concluded that the valuations …