Jupiter Energy: J-58 Flow Encouraging
The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, is pleased to provide shareholders with a general operations update, including progress with the Company’s drilling campaign in the southern section of Block 31 where three wells (J-55, J-58 and J-59) have been drilled in recent months. …
TNK-BP to Commission a 72 MW Gas Turbine Power Plant in KhMAO
TNK-BP informs about the start of precommissioning of a gas turbine power plant with a rated capacity of 72 MW in OJSC TNK-Nyagan. The Company invested 5 bn rubles in the construction project. Precommissioning is ongoing, the official start-up is planned for March 26. The Company has been implementing …
Results of the TATNEFT’s Resource Saving Program for 2012
The results of the second year implementation of the target-oriented program of JSC TATNEFT for resource conservation were summarized. The implementation of resource saving measures in 2012 actually resulted in the TATNEFT Group Companies saving 51.6 thousand tons of reference fuel. The main part of the saving falls on the …
GE Launch Adressable Downhole Release Tool
The Addressable Downhole Release tool enables the wireline to be detached on command in the event that tools become stuck downhole. Once unlatched a standard fish neck allows the detached tools to be fished easily. The ADR reduces the risk of the wireline becoming stuck in the hole and allows …
ABS Hosts Arctic Workshops
Industry experts share views on key Arctic R&D issues. ABS, the leading provider of classification services to the global offshore industry, continues to help industry push back the technology barriers to Arctic operations through a series of Arctic workshops that are defining the region’s most pressing research and development (R&D) …
Slavneft Elects New Board of Directors
OAO NGK Slavneft’s shareholders elected the new Company’s Board of Directors at an Extraordinary General Shareholders Meeting on February 21, 2013. The new membership includes: 1. Vitaly V. Baranov – Deputy Chairman of the Management Board, Deputy CEO for Administration, OAO Gazprom Neft; 2. Dmitry S. Drobyshev – Director, Finance …
New Technologies Lift TNK-BP’s Oil Production by Roughly 2.3 Million Tonnes in 2012
TNK-BP announces that it achieved an overall increment of over 2 million tons in 2012 by deploying new oil production technologies – more than twice the figure for 2011. TNK-BP is consistently implementing a comprehensive program to enhance the efficiency of field development work in all its upstream assets. A …
Bashneft’s additional share issues are combined with the main issue
It is planned to start trading a combined share issue of JSOC Bashneft on the MICEX Stock Exchange before the end of February 2013. On February 21, 2013, the Federal Service for Financial Markets (FSFR) abolished individual registration numbers (codes) of JSOC Bashneft’s additional share issues after the three-month term from the date of state registration of the report on additional issues as of November 13, 2012, …
Russia Considers Relaxing Strategically Important Reserve Law
Russia, seeking to boost remote oil-rich territories, is looking at new laws to loosen state control of big fields and ensure explorers can keep their finds, its natural resources minister said on Friday. Russia’s oil industry, the world’s largest at 10.4 million barrels per day of production in 2012, is …
Rosneft and Eni Sign Agreement to Develop Trading and Logistics Opportunities
Rosneft and Eni agreed to strengthen their cooperation by signing a strategic agreement to develop trading and logistics opportunities. The agreement was signed on February 23 in Rome by Igor Sechin, Rosneft President and Chairman of the Management Board, and Marco Alverà, CEO of Eni Trading & Shipping (ETS). The …