Arnco Announces Construction of New Facility
Arnco announced construction of its new distribution and R&D facility in Houston, TX. The purpose-built complex includes additional office space, a state-of-the art metallurgical lab, testing facility, and stocking for world-wide distribution. “We are excited about this next-phase for our company. Due to our growing business and team of new …
New Achievements of Weatherford at Novy Port
Techinformservice, Weatherford Drilling Services in Russia, reached a new milestone, having drilled an 849 m horizontal hole section at Novoportovskoye field (Yamal Peninsula) operated by Gazprom Neft Novy Port LLC. The section was drilled for 6 days (144 hours) with applying a HyperLine™ motor and HEL Triple Combo (HEL/HAGR/MFR/NDT). Due …
EDC Announces New Senior Appointments
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today announces two important appointments to its senior management team. Atle Løge, has been appointed Vice President, Business Development of EDC. Atle has 27 years experience of the oilfield services sector. He joins from Baker Hughes …
Schneider Electric to Reinforce Automation Solutions with Purchase of Invensys
The board of Schneider Electric S.A. announced today that it has reached an agreement on the terms of a recommended offer by Schneider Electric to acquire the entire issued and to be issued share capital of Invensys plc. Key highlights A response to Schneider Electric clients’ continual search for higher …
Rosneft: Green Light to Buy Gas Assets
The watchdog, known as FAS, said it had approved a bid by Rosneft’s TNK-BP Holding unit for Urengoy Gas Co (UGC) and Geotransgas, both in Russia’s Yamal-Nenets district in the country’s gas production heartland. TNK-BP became a unit of Rosneft earlier this year, when the state oil company acquired its …
KazMunaiGaz Talks to Tatneft to Adopt Labour and Wage Practices
A team of JSC TATNEFT professionals visited JSC NC “KazMunaiGas”. Following the invitation of the Kazakh Company the delegation of Tatarstan held a seminar on the experience of TATNEFT in the labor organization and regulation of wages. Vladimir Shumskikh, Deputy Chief of OOTiZP (Labor Organization and Wages Office) of JSC …
Exillon Energy: Maksat Arip, Founding Shareholder, Makes Buyout Approach
The Company announces that it has received an approach by Mr Maksat Arip, a founding shareholder of the Company who continues to hold 30.17% of the Company’s shares and was previously Chairman of the Company, that may or may not lead to an offer being made for the Company. The …
Ruspetro: Announce Key Changes to Board
Ruspetro plc today announces a number of important Board changes effective from 1 August 2013: · Mr Frank Monstrey and Mr John Conlin appointed as Independent Non-Executive Directors · Mr Kirill Androsov will replace Mr James Gerson as the Non-Executive Director representing Limolines Transport Limited · The Board remains independent …
Weatherford: 2nd Quarter Results – Revenues of $3.9bn
Weatherford International Ltd. today reported results for the second quarter ended June 30, 2013. Second Quarter 2013 Highlights – $0.15 per diluted share (non-GAAP), or net income of $116 million excluding after-tax losses of $234 million; – Estimated $153 million potential FCPA and Oil-for-Food settlement with the U.S. government; – …
Lukoil Builds A New Pipeline For Associated Petroleum Gas
LUKOIL has begun building a new pipeline to transport associated petroleum gas (APG) from the Kokuyskoye field to the LUKOIL-Permneftegazpererabotka gas processing plant. The pipeline is 105 kilometers long, and its capacity is one billion cubic meters per year. The pipeline commissioning is scheduled for August, 2014. The pipeline is …