Large Order for Drilling Equipment Provides Uralmashplant’s Welding Shop with Job
Uralmashplant signed with OOO “Uralmash NGO Holding” a contract for delivery 3 thousand tons of drilling equipment. Delivery set includes different units, including guides, left and right frame modules, derricks, travel mechanism blocks, rig-up mechanism for derrick and mud pumps. Equipment is intended for drilling rigs Uralmash BU 5000/320 and …
Dragon Oil plc Quarterly Update
Dragon Oil plc , an international oil and gas exploration, development and production company, today publishes a quarterly update on the drilling activity in the Cheleken Contract Area and its exploration assets in the first quarter of 2014. In the Cheleken Contract Area, the Dzheitune (Lam) B/155A sidetrack was completed …
CGG Releases EarthModel Builder for Quick Reservoir Modeling
Dynamic software offers rapid answers to asset teams and service companies CGG has released EarthModel® Builder, an affordable modeling solution that is used to improve efficiency, accuracy and flexibility for more realistic representations of the reservoir. Part of the Jason suite, EarthModel Builder is a unique tool for asset teams …
Bashneft: Confirm UOR Delegation
Bashneft have confirmed they will be sending a delegation to the UOR, Unconventional Oil Russia Technology Conference. Taking place in May 2014, the Unconventional Oil Russia Technical Conference, UOR, will become Russia’s leading forum on technology adoption and implementation for the development of unconventional, tight oil and shale oil plays. To visit the event site please click here
21st World Petroleum Congress Brings Global Industry Leaders Together in Moscow
The recent meeting of the Organising Committee of the 21st World Petroleum Congress, was headed by the Deputy Prime Minister of the Russian Federation Arkady Dvorkovich. He confirmed that the Congress will be held in Moscow as planned from the 15th to 19th June 2014. It will be the biggest …
Petrogrand: Continues to Rebuff Shelton Offer as Under Valued
The acceptance period of Shelton Petroleum’s AB offer to Petrogrand AB’s shareholders expired on 28 March 2014. Only 3.4 percent of the shareholders in Petrogrand chose to accept the Offer after the acceptance period was extended and the Offer was raised from 0.34 to 0.44 Shelton Petroleum B-shares for each …
Tatneft: Results of Independent Reserve Audit
Based on the results of independent audit by Miller & Lents, Ltd. as of 1 January 2014 net reserves of Tatneft estimated in accordance with the Petroleum Resources Management System (PRMS) of the Society of Petroleum Engineers (SPE) were: Reserves Category Net Reserves Crude and Condensate, MBbls Gas, MMcf Proved …
Yamal LNG and Fluxys Have Signed a LNG Transportation Agreement
Yamal LNG and Fluxys have signed an agreement outlining the parameters of cooperation on the transshipment of liquefied natural gas (LNG), supplied from a LNG plant on the Yamal Peninsula (Russia), at Fluxys’ LNG terminal in Zeebrugge (Belgium). Yamal LNG is building a natural gas liquefaction plant with its first …
Shelton Petroleum: Gets Swedish Securities Council To Rap Petrogrand’s Knuckles Over Offer
As previously announced, the Board of Directors of Shelton Petroleum will conduct a thorough analysis of Petrogrand’s public offer. In relation to this, the Board has requested that the Swedish Securities Council (Aktiemarknadsnämnden) reviews and comments on several aspects of the public offer. The Securities Council has in a statement …
Ruspetro: Yearly Figures – Revenues up 5% – Looking to Restart Development Drilling
Ruspetro plc, is an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2013 and an update on its operations to date. Financial Highlights · Revenues of US$79.8m (+5% Y-o-Y) …