2014

ERIELL Group has achieved a new record level in the ARCTICGAZ project having drilled the well with a 1019 m-long horizontal wellbore in 68 days. Previous achievement also was displayed by ERIELL Group. The first in the Urengoy region 1 km-long horizontal Achimov well was drilled by ERIELL in 2013. …

Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces that it has begun implementation of a significant cost cutting initiative that it expects to continue for the remainder of FY 2014 and beyond. The initiative recognises the Company’s shift from exploration and development to primarily production with …

Bashneft has successfully completed a project to create an integrated corporate management system in the sphere of health, safety and the environment (HSE) and ensure its conformity with internationally accepted standards. The British Standards Institution (BSI) has issued Bashneft with certificates confirming conformity of its HSE Management System with the OHSAS 18001 standard and conformity of the …

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dennis Nally, Chairman of the PricewaterhouseCoopers International Network. The parties addressed pressing issues of the bilateral cooperation placing an emphasis on furthering the consultation services for transfer pricing and risk management enhancement …

Blue Water Shipping is preparing to transport heavy oil drilling equipment through the Russian Volga-Don river system. The challenging cargo requires the right specialists and expertise. The transport begins in Singapore. From here, four lower columns/288 t each, four upper columns/511 tons each and four bracings/ 125 tons each will …

Aker Solutions has completed the sale of its mooring and loading systems business to Cargotec for an enterprise value of NOK 1.4 billion. The unit, known for the Pusnes brand name, provides mooring equipment, loading and offloading systems, as well as deck machinery for the global offshore and shipping markets. …

After the acquisition of 66,4 % of the shares by Finnish Industry Investment Ltd (fully owned by the State of Finland) Aker Arctic Technology Inc.’s extraordinary shareholders’ meeting today appointed the new Board of Directors for the Company. The Board members are Ole Johansson, Juha Koskela (ABB Oy), Antti Kummu …

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the fourth quarter of 2013 and full year 2013. 4Q 2013 and FY 2013 Highlights – In 2013, TMK shipped a total of 4,313 thousand tonnes of steel pipe …

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Dennis Nally, Chairman of the PricewaterhouseCoopers International Network. The parties addressed pressing issues of the bilateral cooperation placing an emphasis on furthering the consultation services for transfer pricing and risk management enhancement at Gazprom. It was highlighted that for 19 years …

The Azerbaijan International Operating Company (AIOC), operated by BP, today announced the start-up of oil production from the West Chirag platform as part of the Azeri-Chirag-Gunashli (ACG) field development in the Azerbaijan sector of the Caspian Sea. Start-up of the West Chirag platform completes the Chirag Oil Project (COP) sanctioned …