LUKOIL West Siberia: Successfully Implements TTS Multi-Stage Fracturing Technology
PJSC LUKOIL has successfully introduced TTS multi-stage fracturing technology in horizontal wells. The technology was implemented at Western Siberia oil fields. TTS technology in multi-stage hydrofracturing (MSF) helps increasing the productivity of low permeability formations by creating an artificial reservoir. The application of this innovative approach has resulted in increased …
Schlumberger and Cameron: Complete Merger for $14.4bn and 10% in Stock
Schlumberger Limited announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the …
Volga Gas: Preliminary Results for the Year Ended 31 December 2015
Volga Gas plc, the oil and gas exploration and production group operating in the Volga region of Russia, announces its preliminary unaudited annual results for the year ended 31 December 2015. During 2015, the Group had to face significantly reduced oil prices and devaluation of the Russian Ruble as well …
Petroneft: Natlata Partners Seeks Board Changes
Natlata Partners Limited (“Natlata“), the private investment company that is the largest single shareholder in PetroNeft Resources PLC has today published a letter to shareholders outlining why it is clearly in their’s and the Company’s interests for them to vote for Natlata’s proposals at the Extraordinary General Meeting (“EGM”) due …
Petrosibir: Freshly Appointed CEO, Dmitry Zubatyuk, Resigns
The CEO of Petrosibir, Dmitry Zubatyuk, has notified the Board of his resignation. The Board has initiated a search process for a new CEO. Dmitry Zubatyuk was appointed CEO in the end of January 2016. Mr. Zubatyuk has informed the board that he has decided to resign from his position …
KCA Deutag: Retained for Statoil’s Gullfaks and Oseberg Fields
Leading international drilling and engineering contractor KCA Deutag today announces it has retained the drilling contract for seven of Statoil’s platforms on the Norwegian Continental Shelf. The contract is for the provision of drilling operations, maintenance services and engineering support for the Gullfaks and Oseberg fields. This extension from the …
KCA Deutag: Retained for Statoil's Gullfaks and Oseberg Fields
Leading international drilling and engineering contractor KCA Deutag today announces it has retained the drilling contract for seven of Statoil’s platforms on the Norwegian Continental Shelf. The contract is for the provision of drilling operations, maintenance services and engineering support for the Gullfaks and Oseberg fields. This extension from the …
KMG EP: Board Recommends Not to Pay a Dividend on Ordinary Shares
KMG EP Board of Directors revised the 2016 budget and recommend dividend for 2015 JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. During this meeting, the Board approved the revised budget for 2016, recommended a dividend payment on 2015 earnings and approved the agenda items for the …
Tethys Petroleum: 2015 Results – Project Extensions, New Financing, Gas Revenues Up 98%
Tethys Petroleum Limited today announced its Annual Results for the year ended December 31, 2015. Corporate Highlights – 2015 – Extension of the Akkulka Exploration Contract for another four years, from March 10, 2015 to March 10, 2019; – Extension of the Kyzyloi Gas Production Contract confirmed for another 15 …
Cadogan Petroleum: Receives Approach Regarding Possible Combination with Ascent Resources
Cadogan Petroleum plc notes the announcement by Ascent Resources plc (“Ascent”) dated 24 March 2016 and confirms that it has made a highly preliminary approach regarding a possible combination with Ascent. There can be no certainty that an offer will be made or as to the terms of any offer. …