2014

Rosneft subsidiary Vankorneft started commissioning work «under pressure» with gas supply to the main gas pipeline. Currently there have been commissioned three gas compressor units of high-pressure gas compressor station, and gas treatment is in progress at gas treatment unit. Gas passes quantity and quality measurement system before gas supply …

Crude Oil Production The amount of 2,152,179 tons of crude oil or 100.4 percent versus April 2013 was produced at JSC TATNEFT, while the four months production amounted to 8,604,860 tons which was 36,722 tons more than in 2013 (100.4%). The amount of 8,478,505 tons of oil was delivered since …

Sercel announced today that its subsidiary Metrolog has launched iScope, an industry-first downhole monitoring system for fast, efficient and frequent retrieval of pressure and temperature data during well testing operations. By deploying iScope, reservoir and well testing engineers can access and obtain in real time a conclusive interpretation of well …

ERIELL Group has achieved a new record level in the ARCTICGAZ project having drilled a 1,117 m-long horizontal borehole through the productive horizon with a total penetration of 5,202 m. It is one of eight most-complex subhorizontal wells that ERIELL has drilled in the Achimov horizons. Previously no other drilling company managed to drill a horizontal borehole longer than 800 m under the set …

Arnco Technology Trust, LTD., has appointed Kevin Revere as its new Vice President & General Manager based in Houston, Texas. “As a result of Arnco’s planned entrance into exciting adjacent business opportunities, we saw a need for additional and strong leadership to guide our strategic direction.  Kevin’s background brings the …

National Oilwell Varco, Inc. (NYSE: NOV) announced today that its board of directors has given final approval for the spin-off of its distribution business. The resulting company will be known as NOW Inc. (“NOW”) and will be headquartered in Houston. The separation will be completed by way of a pro rata distribution of all …

In Q1 2014 Rosneft’s crude oil and liquids production (including production of subsidiaries and proportionately consolidated entities, and the share in production by affiliates) reached 4,189 th. bpd (0.5% growth year-on-year), gas production reached a record-high level of 13.18 bcm (i.e. more than doubled). In Q1 2014 the Company was …

JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces condensed consolidated interim financial statements for the three months ended 31 March 2014. • Revenue in the first three months of 2014 was 220.8bn Tenge (US$1,301m)[1], a 9% increase compared with the same period for 2013. The average price of Brent …

Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry. The Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) areas will …

NOVATEK today released its consolidated interim condensed financial information as of and for the three months ended 31 March 2014 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the first quarter 2014, our total revenues increased by 10.1% to RR 88.7 billion compared to RR 80.6 billion in the …