Rosneft Subsidiary Acquires Interest in ExxonMobil Gulf of Mexico Exploration Blocks
Neftegaz America Shelf LP (Neftegaz), an indirect independent subsidiary of Rosneft, acquires 30 percent interest in 20 deepwater exploration blocks in the Gulf of Mexico held by ExxonMobil, under an agreement signed by the two companies. Neftegaz America Shelf LP (Neftegaz) joins ExxonMobil to explore deepwater Gulf of Mexico Neftegaz …
Caterpillar to Power Russia’s Largest Offshore Oil and Gas Platform
Cat® 3500 diesel generator sets installed on Arctic production platform Caterpillar Oil and Gas is pleased to announce the Cat® 3500 diesel generator sets have been successfully installed on what is expected to be Russia’s largest offshore oil and gas platform. Three Cat 3516B (HD) generator sets will provide both …
Georgia’s Minister of Energy to Present at GIOGIE Conference
The Ministry of Energy and Natural Resources of Georgia, Kakha Kaladze, has confirmed to present an opening address at the 12th Georgian International Oil, Gas, Infrastructure & Energy Conference (GIOGIE), taking place on 26 – 27 March 2013 at Tbilisi, Georgia. GIOGIE is a central meeting place for the local …
Russia’s Oil Lead Challenged as Taxes Strangle Shale Drilling
The U.S. and Saudi Arabia are approaching Russia as the world’s leading oil producer, with production rising 12 percent in the U.S. and 5.9 percent in Saudi Arabia last year. The U.S. production spurt is 10 times Russia’s 1.2 percent growth rate reported Bloomberg. The prime reason, according to oil …
Statement of Bashneft
Bashneft has issued the following statements related to labor protection, industrial safety, environmental protection, and social responsibility: «Protecting labor and ensuring a high level of industrial and environmental safety are one of the key priorities of JSOC Bashneft’s activities. Not only this is due to regulatory requirements of the government but also to the Company’s and its management’s deep comprehension of its responsibility …
Baker Hughes Launches SOr Sponge Liner Coring System that Delivers Larger Volumes of Unaltered Cores
Accurate formation data helps optimize life cycle management Baker Hughes announced today the availability of its SOr™ (saturation oil remaining) sponge liner coring system, which provides an accurate analysis and measurement of fluid types and oil saturation levels in cores. This information helps operators optimize their asset life cycle and …
Schlumberger Releases Slimhole Measurement-While-Drilling Service
DigiScope service transmits high-quality data for real-time decision-making in land, extended-reach and deepwater wells Schlumberger today introduced the DigiScope* slimhole measurement-while-drilling (MWD) service. The robust signal of the DigiScope slimhole MWD technology transmits high-quality data to surface for real-time reservoir description and geosteering in land, extended-reach and deepwater wells. “The …
Rosneft CEO Igor Sechin Visits BP Office in Houston
Igor Sechin, Rosneft President and Chairman of the Management Board, held a meeting with BP CEO Bob Dudley in Houston on March 5, 2013. The parties discussed current and prospective cooperation between the companies, including in the domain of technologies and R&D. As part of the meeting Igor Sechin visited …
TNK-BP Increases Estimated Recoverable Reserves at Tarkhanovskoe Field by 50%
ТNК-ВР reports that it has seen oil flow to surface at the Tarkhanovskoe field in the Orenburg region. As a result of implementing new drilling technology a flow rate of 150 t/day was seen from well # 10. This allowed increasing the estimated recoverable reserves of the Tarkhanovskoe field by …
Rosneft Holds Board of Directors Meeting: Dudley Proposed as candidate
The Rosneft Board of Directors held a meeting on March 4, 2013 and ruled to call the Annual Meeting of Company’s Shareholders (for 2012) in the form of holding a General Meeting (compresence of Company’s shareholders) in St Petersburg on June 20, 2013. The list of those entitled to participate …