TMK IPSCO Awarded Two Long-Term Contracts to Provide Pipe to Shell
TMK IPSCO, the North American division of global pipe manufacturer TMK, has been awarded two three-year contracts to provide both oil country tubular goods (OCTG) and line pipe to Shell for onshore and offshore applications. Five of TMK IPSCO’s plants are currently providing pipe to Shell under the OCTG contract. …
Gazprom and CNPC Getting Ready to Sign Contract for Russian Gas Supply
Beijing hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC). The meeting participants addressed the issues of Russian natural gas supply to the Chinese market via the eastern route. Both parties are interested in successful completion of the negotiations and looking forward …
Siemens: Sinamics G120P Cabinet Custom-made for pumps, fans, and compressors
The Sinamics G120P Cabinet extends the power spectrum of the Sinamics G120P product series to 200 kW. The new inverter cabinet unit enables control of pump, fan, and compressor applications rated up to 200 kW (and soon up to 400 kW). In line with the Integrated Drive Systems (IDS) strategy, …
Topaz’s Current Global Footprint and in General
The vessels have been operating as part of Topaz’s Caspian fleet on a bareboat agreement and are currently serving a long-term contract with BP in Azerbaijan. The vessels are supporting operations in the Azerbaijan offshore fields of ACG and Shah Deniz performing specialty project work, major rig moves, anchor repositioning …
Shelton Petroleum AB: Shelton Petroleum Makes a Public Offer to the Shareholders of Petrogrand
Shelton Petroleum AB (“Shelton”) today announces an offer to acquire all the outstanding shares in Petrogrand AB (“Petrogrand”), (“the Offer”). Shelton offers 0.30 B shares in Shelton for each share in Petrogrand which is corresponds to a premium of 38.9 % compared to the closing price of yesterday. Summary The …
RPI – 11th International Conference Offshore Upstream Development – 23rd May
Offshore Upstream Development in Russia and CIS – 2014” has a reputation of one of the leading events in the Russian oil and gas industry. The caliber of the attendees and the sponsors, coupled with excellent networking opportunities and a high-level program have earned “Offshore Upstream Development in Russia and …
Rosneft Reserve Replacement Ratio Nears 180%, Hydrocarbon Resources Reach 339 billion BOE
Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. In 2013, Rosneft once again confirmed its positions as a world’s leader among publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & …
Cameron Announces Sale Of Reciprocating Compression Business To GE
Cameron also announces intention to explore strategic alternatives for the remainder of compression systems business. Cameron today announced that it has entered into a definitive agreement under which it will sell its Reciprocating Compression business to GE for cash consideration of approximately $550 million, subject to closing adjustments. Cameron also …
C.A.T. Oil AG: Early and Significant Success in 2014 Tendering Campaign
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakh-stan, today announced an early and significant success in its 2014 tendering campaign. For a three-year period starting in 2014 the Company has been awarded a tender worth EUR 281 million (based on …
Exillon Energy: Appoints Alexander Suchkov As Deputy CEO and Sergey Koshelenko as a Non-Executive Director
Exillon, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce the appointment of Alexander Suchkov as an executive director and deputy CEO of the Company and of Sergey Koshelenko as a non-executive director …