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Integra: Approves Management Buyout

Integra Group announced that it had agreed the terms of the acquisition of Integra through a merger of Integra with Integra Management Holdings, a company formed by certain members of the Integra management team, (“Integra Management Holdings”), under part XVI of the Cayman Islands Companies Law, as amended (the “Merger”). …

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Oil Gas Industry InterviewsRussia Upstream MagazineUncategorized

Closure Interview: Sergey Chizhikov, CEO, Ingenix Group

Please describe your position and role within the company   Since the establishment of the company within Gazprombank Group in 2009, I have been the CEO responsible as for the daily company’s activities and for the development of Ingenix Group’s business. Ingenix Group is a relatively young company created in …

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Russia Upstream MagazineUncategorized

Offshore Hazards: Assessing the Impact of Icebergs on Offshore Production Platforms, Part 2

Dmitry A. Onishchenko (Gazprom VNIIGAZ LLC) Part 1 4 Iceberg Movement Model An important aspect when modelling iceberg movement is the identification of two scales: global and local. Let’s select, with the centre at the platform location point, a “local” domain, the area of which we express as Areg (Fig. …

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Russia Upstream MagazineUncategorized

Tatneft: New Technologies to Maintain Reservoir Pressure

ALSU MATISOVA With many unique oilfields in late stage development, RPM, Reservoir Pressure Maintenance systems, are becoming increasingly important. It is the modern RPM systems, or, more precisely, the new technologies used to maintain the reservoir pressure that make it possible to increase oil recovery. Tatneft engineers are working first …

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Oil Gas Industry InterviewsRussia Upstream MagazineUncategorized

The ROGTEC Interview: Mikhail Shuster, ASP Facilities Project Manager, Salym Petroleum Development

Since 2013, Salym Petroleum Development (SPD), the company which develops the Salym group of fields in Western Siberia, has been executing a pilot project for chemical flooding on the basis of a three-component ASP (alkali, surfactant, and polymer) mixture. This April SPD successfully completed drilling of wells for the pilot …

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Russia Upstream MagazineUncategorized

Tight Oil Developments in Russia: Part 2

James Henderson The Oxford Institute for Energy Studies Click here to read part 1 3. Corporate Activity in Russia’s Tight Oil Reservoirs Rosneft As befits Russia’s National Oil Company, Rosneft has taken the leading role in the development of the country’s tight oil reserves, in particular since the announcement of …

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Eurasia Journal NewsOil Gas Technology RoundtablesRussia Upstream Magazine

Technology Roundtable: Unconventional Oil

Russia is starting to develop its unconventional reserves with pilot projects and longer term plans in place. How do you see the current state of the unconventional sector in Russia and how quickly do you think full scale unconventional development in the region will take place? Weatherford: It is difficult …

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Sakhalin Oil and Gas 2014 Conference: Register Now and Save €300

Sakhalin Oil & Gas 2014 is the only high-level international conference devoted to the oil & gas industry of the Russian Far East. It provides unique project updates and high-level strategic discussion with top government officials, IOCs and NOCs. 18th Annual Sakhalin Oil & Gas Conference & Exhibition Yuzhno-Sakhalinsk, Russia 22 …

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Weatherford And Sinopec Oilfield Service Corporation To Form Joint Venture To Target China’s Unconventional Sector

Weatherford International Ltd., Sinopec Oilfield Service Corporation and Shengli Highland Petroleum Equipment Co., Ltd., today announced having entered into a joint venture agreement to form a new equity joint venture company in China. The joint venture will combine the complementary strengths of each of its parent companies to provide products and services within a collaborative framework …

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Gazprom Neft Signs Long-term Cooperation Agreement With Drilling and Well Services Contractor Eurasia Drilling Company

Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with leading CIS onshore and offshore drilling service provider Eurasia Drilling Company Limited (EDC). Under the terms of this agreement, Gazprom Neft has estimated the full range of drilling services required by its subsidiary production companies, to be provided by EDC’s regional affiliates. EDC guarantees …

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