Petrobras Chooses TenarisHydril Blue® Connections for Offshore Wells
Tenaris signed a contract to supply Petrobras with” casing with TenarisHydril Blue® premium connections for offshore wells over the next five years. Developed to face the most challenging E&P environments, and tested in accordance with ISO 13679 CAL IV, TenarisHydril Blue® connections have proven their worth for the past 10 …
Rosneft To Take Over Russian Gas Firm Itera for $3bln
Russia’s state-controlled oil company Rosneft is planning to take over local gas firm Itera for $3 billion, two sources close to Rosneft said on Tuesday, strengthening its hand in challenging Gazprom’s industry dominance. Rosneft already owns a 51 percent stake in Itera, which was the top gas supplier to the …
Rosneft Agree with INPEX on Joint Offshore Operations at the Magadan 2 and 3 Fields
Rosneft signed a cooperation agreement with INPEX CORPORATION to jointly explore license offshore blocks Magadan-2 and Magadan-3 in the Russian section of the Sea of Okhotsk. Estimated recoverable resources of the two blocks stand at 1,577 million tonnes of oil equivalent. The agreement, signed by Igor Sechin, Rosneft President and …
Gazprom Neft Board of Directors Approves 2025 Development Strategy
The Gazprom Neft Board of Directors has approved the company’s 2025 development strategy. The 2025 strategy uses the 2020 strategy as a foundation taking into account both the changing industry environment and the state of the global economy. The document outlines the company’s goals in key business areas such as …
Regular Meeting of the Board of Directors of Tatneft
A regular meeting of the Board of Directors of JSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk on May 27, 2013. The Board of Directors meeting reviewed the budget performance of JSC TATNEFT for four months in 2013 and approved the budget …
International Petroleum: Range Resources Loan Cash Due Shortly
Further to the announcements made on 5 April 2013, 19 April 2013 and 26 April 2013, International Petroleum Limited, advises its shareholders that it has, so far, received US$5million of the total US$15million loan funds from Range Resources Limited pursuant to the loan facility. Range Resources Limited has indicated that …
Bashneft commissions a new sulphuric acid alkylation complex
Bashneft has put a complex of sulphuric acid alkylation and sulphuric acid regeneration (SKA-ROSK) units into full operation at the Bashneft-Novoil Branch. An official ceremony held to mark the completion of a large-scale investment project was attended by the Deputy Prime Minister of Russia Arkady Dvorkovich, the President of the Republic of Bashkortostan Rustem Khamitov, the Chairman of the Board of Directors of JSFC Sistema Vladimir Evtishenkov, …
Bashneft closes a US$ 600 million PXF transaction
Bashneft closed a transaction with a group of international banks to obtain a US$ 600 million pre-export financing facility. The Company is raising funds for general corporate purposes. The facility has a three-year tenor and is to be repaid in equal instalments after a one-year grace period. The facility is secured with future revenue from the export of petroleum products for the duration of the facility. The interest rate …
The ROGTEC Interview: Tony Cranny, Regional Manager Russia, Europe and India, DSI PBL
Please describe your position and role within the company. Regional Manager, Russia, Europe (East and West) and India, assisting BD Managers in my areas to grow the business successfully. DSI PBL have been working in Russia now for some years, tell us about your regional growth and how do you …
1st Russian Drilling Contractors Roundtable
A Unique Event Addressing the Key Technology and Purchasing Challenges Facing Russia’s Drilling Companies The 1st RDCR took place on Thursday the 11th April 2013 at the Swissotel Karsnye Holmy in Moscow, and attracted over 200 delegates from Russia’s leading drilling contractors and technology companies from around the world. The …