2014

CGG announced today the creation of two new business lines, GeoSoftware and GeoConsulting, within its Geology, Geophysics & Reservoir (GGR) division: o   GeoSoftware is the worldwide leader in advanced seismic reservoir characterization technology. It brings together CGG’s commercial software including Jason, Hampson-Russell and TerraSpark, along with the associated sales, …

Shelton Petroleum today announces a geologic update on its Russian oil fields. The objective of the update is to present how the company’s view on the fields has changed after the positive drilling results of the most recent well. CEO Robert Karlsson will host a webcasted conference call today at …

Aker Solutions delivered its best quarter of 2013 as an increased focus on execution, delivery of key projects and major contract wins boosted earnings. Financial Highlights Sales were NOK 11.4 billion in the fourth quarter of 2013, up from NOK 11.2 in the fourth quarter of 2012. Earnings before interest, …

Condor Petroleum Inc.  is pleased to announce that the sale of Condor’s 66% interest in the Marsel Territory for US$88.0 million (“Marsel Transaction”) was completed on January 28, 2014. After registering the Marsel Transaction with certain regulatory authorities in Kazakhstan, US$83.0 million (CA$91.3 million) held in escrow was released and …

Alexey Miller, Chairman of the Gazprom Management Committee held a meeting dedicated to the South Stream and Southern Corridor projects. It was pointed out that the new route of Russian gas supply meant to increase the reliability of supply to European consumers and mitigate transit risks was being built in compliance with the schedule. Pre-construction activities at the South Stream offshore section are in full swing. An agreement to supply pipes …

CGG has enhanced its software portfolio with the addition of TerraSpark’s Insight Earth®, advanced 3D visualization and interpretation software. Insight Earth greatly enhances seismic interpretation systems and provides the interpreter with guided tools that can automate the fault extraction process, precisely define salt bodies, deliver fast depictions of paleo-depositional environments …

Rosneft and General Electric signed an Agreement to set up a series of joint ventures. The document was signed by Rosneft President Igor Sechin and General Electric CEO Jeffrey Immelt in the presence of the Prime Minister of the Russian Federation Dmitry Medvedev. The Agreement is aimed at the expansion …

Shelton Petroleum will release a geologic update on its Russian oil fields on Thursday 13 February at approximately 10.30 CET. CEO Robert Karlsson will host a webcasted conference call the same morning at 11.00 CET. Shelton Petroleum has since 2007 successfully been pursuing oil exploration and production at the company’s …

Shelton Petroleum’s total oil production in January 2014 amounted to 29,320 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 …

The jubilee summary meeting of the Volga-Kama Regional Branch of the Russian Academy of Natural Sciences was held on the premises of “Aznakaevneft” Oil and Gas Production Board of JSC TATNEFT in Aznakaevo (Republic of Tatarstan). The meeting was attended by eminent scientists, doctors of science and professors from Moscow, …