2013

CoilScan minimizes nonproductive time by identifying coiled tubing pipe defects Schlumberger announced today the introduction of the CoilScan* real-time coiled tubing (CT) pipe inspection system. The system minimizes nonproductive time (NPT) by providing real-time pipe inspection during intervention operations to identify CT pipe defects prior to entry into the wellbore. …

Zenith Oilfield Technology has announced two new appointments to develop and support the company around the globe. The positions have been selectively filled from within a loyal and capable team to align the company for continued growth following acquisition by Lufkin Industries last year. Steve Beattie has been appointed as …

International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that its wholly-owned subsidiary company, Yuzhno-Sardakovskoye LLC, has acquired a 100% ownership interest in an exploration licence over the Yanchinsky block for the geological study of subsoil and prospecting …

The Gazprom Management Committee took notice of the information on developing the Russian gas market and enhancing the payment discipline. It was noted that over several years the regulated prices for gas supplied by Gazprom to the domestic market had not secured enough investments needed for developing and upgrading gas production storage and transmission facilities. In addition, new approaches to gas taxation complicate the matter as they …

The Gazprom Management Committee took into consideration the information relevant to boosting the efficiency of associated petroleum gas (APG) utilization in Russia. Gazprom taking great efforts to increase utilization efficiency of produced APG It was noted that APG combustion was an acute problem of today’s oil and gas industry due to economic, ecological and social disadvantages and risks especially in terms of global trends towards low-carbon …

Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, CNPC President signed in the presence of Vladimir Putin, President of the Russian Federation and Xi Jinping, President the People’s Republic of China a Memorandum of Understanding on the cooperation between the two companies within the project for pipeline gas supplies to China via the eastern route. “The signed …

International Petroleum Limited requests that a trading halt be granted by the National Stock Exchange of Australia with respect to its ordinary shares effective from pre-open 22 March 2013 and provides the following information in relation to that request: International Petroleum seeks a trading halt pending an assessment by the …

Dmitry Avdeyev, who has been managing finances at Russia’s biggest oil producer Rosneft since June 2012, has left the company after it completed the $55 billion acquisition of TNK-BP, local press reported on Friday. Kommersant business daily, citing unidentified sources, tipped Svyatoslav Slavinsky, a senior banking services executive with Citigroup …

This is a report on petroleum exploration and production in the Republic of Kazakhstan and the companies engaged in that work. It provides comprehensive, practical information from contact details and historical performance of the companies to forecasts of drilling, production, and hydrocarbon exports for Kazakhstan as a whole. Kazakhstan’s Oil and Gas Upstream 2013 is …

BP announced today that it intends to carry out a share repurchase, or buy-back, programme with a total value of up to $8 billion. Today’s decision to buy back shares follows the completion yesterday of the sale of BP’s 50% interest in TNK-BP to Rosneft. The programme is expected to …