Rosneft Brings its Highest Quality Standards to the Belgorod Region’s District Centers
Rosneft has launched two service stations in the Belgorod region. The opening ceremonies were held at service stations in the village of Ivnya and in the city of Stary Oskol. The conversion of a gas station into a service station in the village of Ivnya is one of the examples …
TNK-BP Helped Its Contractors to Enhance Transportation Safety in 2012
TNK-BP reports a significant improvement of transportation safety performance in 2012. The number of road traffic accidents caused by the Company drivers and contractors fell 19%, and their frequency declined by 18%. Transportation safety is one of TNK-BP’s unconditional priorities: the number of vehicles used in the Company operations comes …
TNK-BP to Allocate 145 Million Rubles for Social Investment in Orenburg in 2013
TNK-BP informs that in 2013 it will invest over 145 mln rubles in social and charity projects in the Orenburg region. In accordance with the agreement on socio-economic cooperation with the regional Government, the money will be used to build or recondition social facilities, support youth movements and organizations working …
Varel International Energy Services Completes Refinancing
Varel International Energy Services (VIES) and its subsidiaries, Varel International and Downhole Products Ltd, have completed their previously announced refinancing, totaling $325MM. The deal includes a $20MM revolving credit facility, a $220MM term loan and an $85MM mezzanine tranche. Credit Suisse took the lead in facilitating the deal on behalf …
Brandenburg goes 3D: DMT wins contract for developing extensive geological subsurface model
At the beginning of January, the Essen based company DMT GmbH & Co. KG was commissioned to create a 3D image of what the German state of Brandenburg looks like deep underground. The digital subsurface model will cover a total area of approx. 29,500 km². Both DMT and its partner …
With the Closing of the Acquisition of Fugro’s Geoscience Division, CGG Makes Announcement
A New Identity for the Group1 The Transformation of CGG into a Leading Integrated Geoscience Group A Three-Division Organization The creation of the Joint Venture “Seabed Geosolutions” CGG announced today that the main agreements needed to close the acquisition of Fugro’s Geoscience Division have been signed. The effective date of …
Bashneft opens a new oil field in western Bashkortostan
Bashneft opened a new oil deposit located in Khasanovskoye license area which was named after Vladimir Afanasyev, former chief geologist of Bashneft. Recoverable С1+С2 reserves at Afanasyev field were estimated at 3.8 mln. tons (including С1 – 0.6 mln. tons, С2 – 3.2 mln. tons) following the testing of two …
Bashneft proven reserves replacement rate amounted to 123.4% in 2012
Bashneft announces results of the regular independent oil reserves audit held by Miller and Lents, Ltd. under PRMS (Permanent Resources Management System) JSOC Bashneft oil reserves as of December 31, 2012* As of 31.12.2011 As of 31.12.2012 Change from 2012/2011 Proven reserves, mln. bbl. 1 983,5 2 006,8 1,2% Probable …
Rosneft Begins Euro-5 Diesel Sales
Rosneft has started shipping Euro-5 compliant winter diesel to Moscow, the Bryansk, Smolensk, Archangelsk, Murmansk regions and the Krasnodar territory. The fuel will be marketed through the Company’s own distribution network. The production of Euro-5 diesel fuels at the Novokuibyshevsk refinery became possible thanks to a large-scale investment program being …
TNK-BP to Invest $60 Million in Construction of Hydrocarbons Sulfur Removal Facility at RORC
TNK-BP reports that it will invest over $60 mln in the construction of a hydrocarbons sulfur removal facility at CJSC Ryazan Oil Refinery Company (RORC, part of the TNK-BP Group). The facility is planned to be commissioned in 2015. The construction is part of a large-scale program to upgrade RORC …