2013

Turnover up by more than 9% to 9.1 billion € – workforce increased to 37,800 – investments totalling approximately €840 million World economic development was weaker in 2012 than in the previous year. Although growth was still 3.2 %, the emerging markets’ rates of growth declined as well. The industrial …

Statoil and SOCAR took a step forward in strengthening their cooperation by signing a memorandum of understanding (MoU) to jointly explore and develop the Zafar-Mashal structures in the Azerbaijani sector of the Caspian Sea. The MoU was signed by Statoil chief executive Helge Lund (left) and SOCAR president Rovnag Abdullayev. …

GE and Lufkin Industries Inc. announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately $3.3 billion. Lufkin shareholders will receive $88.50 per share in cash for …

Alliance Oil Company’s total average daily oil and gas production for March and for the first quarter of 2013 amounted to 62,304 barrels of oil equivalent (boepd) and 57,359 boepd respectively. In total, 5.2 million barrels of oil equivalent (mboe) were produced in the first quarter of 2013. Preliminary average …

WesternGeco today announced that it has begun acquisition of its Ice Bear 2 multiclient 3D survey in the western Barents Sea using its new IsoMetrix* marine isometric seismic technology. The isometric inline and crossline sampling delivered by the IsoMetrix technology will provide high-resolution broadband imaging in this geologically complex area. …

Oil pollution and environmental technology company, Vikoma International Limited, has unveiled the latest addition to its range of class-leading offshore oil pollution recovery systems. The OPRS 300 (Oil Pollution Recovery System) is based upon patented oil-attracting discs which have been proven to collect up to 300 m3 per hour of …

Today in Amsterdam Alexey Miller, Chairman of the Gazprom Management Committee and Paul van Gelder, Chairman of the Executive Board and President of Gasunie inked a document stipulating cooperation between the companies in exploring the possibilities for the Nord Stream gas pipeline expansion as well as setting up other infrastructure projects in Europe aimed at providing uninterrupted supplies to Northwestern Europe and …

Alexey Miller, Chairman of the Gazprom Management Committee and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell signed in the presence of Russian President Vladimir Putin and Dutch Prime Minister Mark Rutte a Memorandum outlining the principles of cooperation within hydrocarbons exploration and development in Russia’s Arctic shelf and a section of deep-water shelf abroad. In foreground: Alexey …

Alexey Miller, Chairman of Gazprom Management Board, and Jorma Ollila, Chairman of the Board of Directors of Royal Dutch Shell plc , in the presence of the President of Russia, Vladimir Putin, and Prime Minister of the Netherlands, Mark Rutte signed a Memorandum that sets out the principles of co-operation …

OAO Tatneft announces today that it published on its web-site (http://www.tatneft.ru/eng) the audited consolidated financial statements for the year ended 31 December 2012 prepared in accordance with International Financial Reporting Standards and related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations. These are the first consolidated financial …