2014

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Gerhard Roiss, Chief Executive Officer of OMV. The parties discussed the bilateral cooperation issues, particularly Russian natural gas supplies to Austria. The meeting touched on the progress with the South Stream project.

Being involved in three large and complex projects proves that Blue Water in Tbilisi is flexible and offers comprehensive services in transport and logistics. “In the end of 2013 we handled equipment for a large granulation plant here in Georgia. The cargo arrived in the Port of Poti and we …

On February 18, 2014 Gubkin Russian State University of Oil and Gas and oilfield service company Weatherford signed a Memorandum of Understanding aimed at joining efforts to establish the Center of Joint Geological and Geophysical Studies. The advanced laboratory facilities of Gubkin University, the scientific school, and the innovative technologies …

Developed in Canada, Thermax is an organometallic compound with exothermic properties. These field proven compounds generate thermodynamic isometric characteristics during the setting process. (Volume Thermal Expansion). Composed of finely divided powders with medians down to 7 microns. They are 100% inorganic and totally environmentally safe. They are unaffected by chlorides …

Nail Maganov, General Director of JSC TATNEFT, participated in the working meeting held by Sergey Donskoy, Minster of Natural Resources and Environment of the Russian Federation. The event was also attended by Denis Khramov, Deputy Minister of Natural Resources and Environment, Rais Khisamov, Deputy General Director – Chief Geologist of …

LUKoil has published consolidated US GAAP financial statements for 2013. The Company’s 2013 net income reached $7,832 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $16,668 million in 2013. Sales revenues were $141,452 million (+1.6% y-o-y). The positive dynamics of revenues was due to a y-o-y increase in …

JSC KazMunaiGas Exploration Production announces its consolidated financial results for the year ended 31 December 2013. The Company’s revenues in 2013 were 816.7bn Tenge (US$5,368m), 2% higher than in 2012. In 2013 average Brent price declined by 3% compared with 2012. Export sales volumes dropped by 1%, whereas domestic sales …

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that the Board of Directors of EDC on February 18, 2014 authorized the Company’s Management to buy-back some of its Global Depositary Receipts commencing April 2, 2014 (post the announcement of FY 2013 …

BroadBand Sequence significantly increases productivity in unconventional reservoir completions Schlumberger announced today the introduction of the BroadBand Sequence* fracturing technique, which enables sequential stimulation of perforation clusters in wells drilled in unconventional reservoirs. This new technique sequentially isolates fractures at the wellbore to ensure every cluster in each zone is fractured …

Dragon Oil, an international oil and gas exploration, development and production company, today announces its full-year results for the year ended 31 December 2013. These results are prepared in accordance with International Financial Reporting Standards as adopted by the European Union. KEY OPERATIONAL AND CORPORATE HIGHLIGHTS Drilling – Ten wells …