Parker Wellbore Completes Acquisition of International Tubular Management
Parker Wellbore, a global wellbore construction expert, has acquired International Tubular Management (ITM) of Norway. The acquisition will allow Parker Wellbore to enter the Norwegian market to better serve customers along the Norway Continental Shelf. Parker Wellbore will leverage the existing technology utilized by ITM while applying lessons learned from …
Kent Signs an IJV with Serikandi Oilfield Services in Brunei Darussalam
Kent is proud to announce the formation of an incorporated joint venture in Brunei Darussalam with Serikandi Oil Field Services. The IJV has been developed specifically to pursue and execute select, EPC, EPCm, brownfield, and commissioning activities in Brunei Darussalam. Utilising Kent’s global expertise and Serikandi’s local knowledge, assets, and …
Petrosibir AB Publishes a Balance Sheet for Liquidation Purposes
The Board has, in accordance with 25 Chap. 13 § of the Swedish Companies Act prepared a balance sheet for liquidation purposes which has been examined by the auditor of the company. The balance sheet reveals that the total equity of the company is less than half of the registered …
Baker Hughes Names Nancy Buese as Chief Financial Officer
Baker Hughes has announced Nancy Buese as Chief Financial Officer (CFO) effective November 2, 2022. Buese brings more than 30 years of financial and leadership experience to the role, previously serving as EVP & CFO of global mining company Newmont Corporation from 2016 until earlier this year. “Nancy is a …
Production Report September 2022
Petrosibir’s total oil production during September 2022 amounted to 23,235 barrels, equivalent to 774 barrels per day. The table below summarises the average monthly / daily production in 2021 and per month in 2022, broken down by region. 2021 2022 Average Jan Feb Mar Apr May …
Rystad Energy: OPEC+ First in Person Meeting Since pre-Covid as 23 Energy Ministers Meet in Vienna
Here is Rystad Energy Oil Market note with Senior Vice President Jorge Leon: OPEC+ ministers are meeting on 5 October in Vienna, Austria to discuss production policy for the months ahead. While there is naturally uncertainty around what decision they will take, we believe that a decision to cut production …
OPEC Daily Basket price stood at $92.34 a barrel Friday, 30 September 2022
The price of OPEC basket of thirteen crudes stood at $92.34 a barrel on Friday, compared with $92.76 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light …
Equinor Appoints Torgrim Reitan as New Chief Financial Officer
Torgrim Reitan has been appointed Chief Financial Officer and executive vice president in Equinor (OSE: EQNR, NYSE: EQNR), with effect from 6 October 2022. Reitan succeeds Ulrica Fearn who has decided to leave the company to pursue a CFO opportunity outside the company. Ulrica Fearn will be available to secure …
PetroNeft Resources: Final Results 2021
PetroNeft an oil & gas exploration and production company, operating in the Tomsk Oblast, Russian Federation, 90% owner and operator of Licence 67 and 50% owner and operator of Licence 61, is pleased to report its final results for the year ended 31st December 2021. In addition, PetroNeft announces that the …
OPEC Daily Basket Price Stood at $89.81 a Barrel Tuesday, 27 September 2022
The price of OPEC basket of thirteen crudes stood at $89.81 a barrel on Tuesday, compared with $89.50 the previous day, according to OPEC Secretariat calculations (view archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light …