Surgutneftegas: Production up by 10% on the First 11 Months of the Year
Over the last eleven months of 2013, Surgutneftegas produced about 56,226.1 thousand tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 6,594.5 thousand tonnes, 10% up versus eleven months of 2012. Throughout January-November of 2013, gas production amounted to 11,010.9 million …
Arnco Appoints Sandy McBain, Carrack Ltd, as Sales Representative for Europe
Arnco has chosen Sandy McBain of Carrack Ltd. in Aberdeen as the new Sales Agent covering the European region. Carrack Ltd. specializes in sales of tubular goods for the oil and gas industry. Sandy McBain will serve as Sales and Technical Consultant for Arnco in Europe promoting and selling the …
Rosneft and Statoil Move Forward With Shale Oil Cooperation in the Samara Region
Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, and Helge Lund, Statoil CEO. This is another significant step forward following the Heads of Agreement …
Max Petroleum: SAGW-12 Strikes 13m of Net Pay
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West Field. The SAGW-12 appraisal well has reached a depth of 1,524 metres with electric logs indicating 13 metres of net oil pay …
Exillon Energy: Increases EWS 1 by Just Under 10%
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce that on 3 December 2013 the Ministry of Natural Resources registered an extension (State Registration No.4315) to the Company’s EWS I field. In Russian, this …
Exillon Energy: Terminates Formal Sale Process
On 18 September 2013, the Board of Exillon announced that it had decided to conduct a strategic review of the Company’s options, including a potential sale of the Company, where any discussions relating to such a sale would be conducted under the framework of a “formal sale process” under the …
Tethys Petroleum: Bernard Murphy, CFO, Retiring, Denise Lay to be New CFO
Tethys Petroleum has announced that chief financial officer (CFO) Bernard Murphy will retire at the end of January. Murphy has been at Tethys for seven years. He will be replaced by deputy CFO Denise Lay. “While I consider it a privilege to have worked with such a talented group of …
Calfrac Well Services: To Spend $33m to Support Russian and Other International Operations
Calfrac Well Services Ltd is pleased to announce a 2014 capital budget of approximately $120 million. The capital program is focused on maintenance and support capital and additional investment in logistics equipment. Approximately $33 million of capital is allocated to support Calfrac’s growing international operations, including further investment in coiled …
Welltec secures major contract with Total E&P for Conveyance and Intervention Services
Total E&P UK Ltd awards Welltec a 3-year contract including possibility for a further two, 1-year extensions. The contract covers the scope of Tractor Conveyance, Tubing Cutting, Clean-out and Milling based, e-line intervention services. “Recognizing the innovative technologies and the associated value proposition which Welltec has to offer, Total E&P …
KMG EP: Board Meeting Results – Keen to Spend $300m USD on Exploration Activities
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. Among the major decisions the Board approved the 2014 budget and business plan for the period of 2014-2018. Production In the first eleven months of 2013 production at Ozenmunaigas (OMG) increased by 5% compared with the corresponding period of …