Petrogrand: No Operating Income in 2013
Fourth quarter of 2013 • During the 4th quarter, the Petrogrand Group had no operating income (-). The operating result for the 4th quarter amounted to TSEK -9 303 (-59 226). • Net financial items in the 4th quarter amounted to TSEK 592 (8 606), including the change in real …
Engineers of Tatneft Are among the Best in Russia Again!
Professionals of JSC TATNEFT became winners at the XIVth All-Russian coтеуые “Engineer of the Year 2013” held annually by Russian and international unions of scientific and engineering public organizations with participation of the Academy of Engineering Sciences n.a. A.M. Prokhorov and Interregional Fund for Scientific and Technological Progress Promotion. By …
Roxi Petroleum: Galaz Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its Galaz assets. The Galaz block is located in the Kyzylorda Oblast in central Kazakhstan. The Contract Area was extended on 10 January 2011 to 179 square …
Schlumberger Commercializes New Multilayer Bed Boundary Detection Service
PeriScope HD service accurately detects formation layers for advanced well placement Schlumberger announced today the commercialization of the PeriScope HD* multilayer bed boundary detection service. The technology accurately detects multiple formation layers, orientation of approaching beds and fluid boundary positions to enable advanced well placement services in clastic and carbonate …
Shelton Petroleum AB: Maks Grinfeld and Mats Jansson Resign Board Due to Potential Conflict of Interests
On 22 January 2014 Shelton Petroleum AB announced an offer to acquire all the outstanding shares in Petrogrand AB. Maks Grinfeld and Mats Jansson are board members of both Shelton Petroleum and Petrogrand. Maks Grinfeld is also the CEO of Petrogrand. Due to the potential conflict of interest that may …
Petrogrand’s Board Rejects Increased Offer From Shelton Petroleum
Shelton Petroleum AB announced an offer to acquire all outstanding shares in Petrogrand AB for a consideration of 0.30 Shelton B shares for each Petrogrand share. On 24 February 2014, the Board of Directors of Petrogrand commented Shelton’s offer and advised Petrogrand’s shareholders not to accept the offer. Since Petrogrand’s …
Gazprom Neft Boosts 2P Reserves Replacement Level to 367% in 2013
Gazprom Neft’s total proved and probable (2P) hydrocarbon reserves (including the Company’s share in joint ventures) as of 31 December 2013 amounted to 2.29 billion tonnes of oil equivalent, according to the SPE-PRMS international standards*, a 7.7% increase on the end of 2012. Category 2P oil reserves reached 1.7 billion …
C.A.T. oil AG: Order Book 2014-16 Hits All-Time High of EUR 754 Million
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, has made significant progress in its 2014 tendering campaign: As of 26 February 2014, the Company’s total order book for 2014-16 hit an all-time high of EUR 754 million (based on a …
National Oilwell Varco Announces Election of Clay Williams as President & Chief Executive Officer
National Oilwell Varco, Inc. announced today that Clay C. Williams has been appointed President and Chief Executive Officer of the Company effective immediately. The Company has previously announced that Merrill A. “Pete” Miller, Jr. would step down as Chairman and Chief Executive Officer contemporaneous with the completion of its announced …
Gazprom Applying Efficient Cost Management System to Investment Program
The Gazprom Board of Directors took note of the information regarding the Company’s pricing policy for the procurement of goods, works and services as part of the investment program execution, including pricing and further price monitoring. The meeting noted that over the last two years Gazprom had fundamentally restructured the …