Sercel: QuietSeis Sensor Demonstrates Ultra-Quiet Performance
CGG announced today that Sercel’s latest and most advanced digital single-sensor, QuietSeisTM,based on next-generation MEMS (Micro Electro-Mechancial System) technology, is living up to its name after having demonstrated an outstanding low-noise performance during a recent series of field tests. The sensor’s outstanding low noise floor was demonstrated at the LSBB …
Kashagan Facing $737m USD Fine Over Post Leak Flaring
Kazakhstan is suing foreign oil majors developing its huge Kashagan oilfield in the Caspian Sea, a tactic similar to those that secured the government large stakes in two of the three multinational energy projects on its territory reported Reuters. * Government has already threatened to sue over delays * Tactic …
Tatneft: Operating Figures for January and February 2014
Crude Oil Production In February 2014 the amount of 2,007,935 tons of crude oil or 100.4 percent versus February of 2013 was produced at JSC TATNEFT. The production volume for two months amounted to 4,229,831 tons, which was 20,877 tons more than in 2013 (100.5 per cent). Above-the-plan production of …
Gazprom and Gazprombank to Jointly Implement Baltic LNG and Vladivostok LNG Projects
An Agreement of Cooperation as part of liquefied natural gas (LNG) projects was signed today at the Gazprom headquarters by Alexey Miller, Chairman of the Gazprom Management Committee and Andrey Akimov, Chairman of the Gazprombank Management Board. According to the Agreement, the parties will cooperate within the Baltic LNG and …
Tethys Petroleum: Successful First Gas Well of 2014 Programme
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that AKK17, the first shallow gas exploration well of its 2014 programme has been successful. Analysis of data from the well indicates it to be similar to …
Schlumberger Introduces New Rotary Steerable System
PowerDrive Orbit increases efficiency in challenging drilling conditions Schlumberger announced today the launch of the PowerDrive Orbit* rotary steerable system (RSS). The new RSS expands the operating envelope of rotary steerable technology by extending system life, delivering precise directional control, and increasing drilling efficiency. “PowerDrive Orbit technology enhances trajectory control …
Offshore Marintec Russia Will be Held by Order of the Government of the Russian Federation
Offshore Marintec Russia received the Official Order of the Government of the Russian Federation on holding on even years in St. Petersburg the International Conference and Exhibition on shipbuilding and development of high-tech equipment for continental shelf development. The first Russian specialized Exhibition and Conference Offshore Marintec Russia dedicated to …
Russia and China Strike Yamal LNG Agreement – Tax Breaks for Project Financing
JSC Yamal LNG reports enactment of the Agreement between the Government of the Russian Federation and the Government of the People’s Republic of China on cooperation on the Yamal LNG project (hereinafter refered to as the “Agreement”). The Agreement is geared to establish favorable conditions for the investment cooperation in …
Shelton Petroleum AB: Production Report for February 2014
Shelton Petroleum’s total oil production in February 2014 amounted to 26,480 barrels, equivalent to 946 barrels per day. Shelton Petroleum holds 100% of the Rustamovskoye license in Russia. Shelton Petroleum has a 45% working interest in Kashtan Petroleum (holder of the license to the Lelyaki oil field) through its wholly …
Ozenmunaigas: Administrative fine of 212.6 billion Tenge dismissed by court
Further to the press release dated 27 February 2014, reconfirming the successful appeal of an administrative fine of 212.6 billion Tenge against JSC Ozenmunaigas (“OMG”), JSC KazMunaiGas Exploration Production (“the Company”) is today pleased to announce that the Specialized Administrative Court in Aktau of Mangistau region (“the Court”) has ruled …