2014

Roxar Tempest™ 7.1 comes with improved uncertainty management & reservoir prediction capabilities leading to better economic and field development decision-making ​ Emerson Process Management has launched Roxar Tempest™ 7.1, the latest version of its integrated reservoir engineering software suite. The new software comes with major enhancements to its uncertainty management and …

JSC TATNEFT was awarded a Diploma of the Ministry of Energy of the Russian Federation for the “Technology of dual completion and production of two or more layers through one well”. The Company received the prize at the “Innovations in the hydrocarbon sector” exhibition held in the framework of the …

JSC TATNEFT was awarded a Diploma of the Ministry of Energy of the Russian Federation for the “Technology of dual completion and production of two or more layers through one well”. The Company received the prize at the “Innovations in the hydrocarbon sector” exhibition held in the framework of the …

Due to take place from 14-16 October 2014 in Moscow, the fifth biennial Society of Petroleum Engineers (SPE) Russian Oil and Gas (ROG) Exploration and Production Technical Conference and Exhibition focuses on sustaining production levels by challenging the limits with technology. This year’s conference agenda covers all major areas of …

The first izomerizate product lot has been produced on a new isomerization unit of Kuibyshev refinery. Izomerizate is a component of high-octane gasoline produced in compliance with the highest ecological Euro 5 standard. The octane number of the lot produced is 88.6, which corresponds to the planned project octane number …

National Oilwell Varco, Inc. announced today that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company’s outstanding common stock. Clay C. Williams, National Oilwell Varco’s Chairman, President and CEO, commented: “This authorization comes after several months of careful consideration and …

Shelton Petroleum has collected and analysed 95 kilometers of seismic data on the Suyanovskoye oil field. Three promising structures with estimated recoverable resources of approximately 47 million barrels of oil have been identified. Shelton Petroleum is also conducting a Western independent reserves audit on the producing Rustamovskoye oil field and …

Shelton Petroleum has collected and analysed 95 kilometers of seismic data on the Suyanovskoye oil field. Three promising structures with estimated recoverable resources of approximately 47 million barrels of oil have been identified. Shelton Petroleum is also conducting a Western independent reserves audit on the producing Rustamovskoye oil field and …

Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2014. Operational Highlights Total production at Arcticneft reached 118,958 barrels (H1-2013: 125,651 barrels). Total production at Petrosakh reached 210,435 barrels (H1-2013: 240,533 barrels). Current …

Russia can continue the drilling the Kara Sea even if the US oil company ExxonMobil drops out the project, Deputy Energy Minister Kirill Molodtsov told reporters Monday reported RIA. There are enough Russian oil rigs to continue the drilling in the Kara Sea, where significant discoveries of petroleum and natural …