Statoil to Change Name to Equinor
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “nor”, …
Zoltav Resources: Bortovoy Licence Exploration Programme Update – “Transformational Impact”
Zoltav, the Russia-focused oil and gas exploration and production company, is pleased to provide an update on the Company’s exploration programme to assess the resource potential of the Carbonian and Devonian structures in the Western Fields of the Bortovoy Licence, Saratov. Preliminary interpretation of the 180 sq km of 3D seismic …
Total Closes the Maersk Oil Acquisition and Becomes the Second-Largest Operator in the North Sea
Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) in …
Tatneft: Operations Results February 2018
Crude Oil Production The enterprises of TATNEFT Croup of Companies produced 2.207 thousand tonnes of crude oil in February 2018 (98.1% versus February 2017), while the production volume for two months amounted to 4.652 thousand tonnes (97.9%), including the production of PJSC TATNEFT in the amount of 2.181 thousand tonnes …
Petrosibir: Production report for February 2018
Petrosibir’s total oil production in February 2018 amounted to 42,457 barrels, equivalent to 1,517 barrels per day. The table below summarises the average monthly / daily production in 2017 and the production in 2018 broken down by region. 2017 2018 Average Jan Feb Total production Bashkiria 13 195 14 155 …
Drill Pipe Owner Survey – Enable a Better Understanding of the Drill Pipe Maintenance Market in Russia
Hardbanding Solutions is conducting a survey of companies, who own drill pipe in Russia, in order to better understand the current trends and regional operational activities regarding pipe inspection and repair. We are inviting readers of ROGTEC, particularly those who manage drill pipe, to take part and answer the questionnaire. The …
Azerbaijan’s Contractors May Take Part in Kazakhstan’s Oil Projects
Oil contractors of Azerbaijan may take part in joint ventures on development of Kazakhstan’s Kashagan field, a source in the Energy Ministry of Kazakhstan. “The development of local (Kazakh) content in goods and services, used in several projects in Kashagan oil field is of particular importance, and the creation of …
4th KDR Well Engineering Forum – Date and Venue Announced!
TMG Worldwide are please to announce that the 4th KDR Well Engineering Forum is returning to the Palace of Independence in Astana on the 13th September 2018. Now in its 4th year, the KDR is held in partnership between TMG Worldwide and JSC NC KazMunayGas and is the largest gathering of well engineering …
BP: Robust Adoption of Electric Vehicles Would Not Stop Oil Consumption Growth
Even a robust adoption of electric vehicles (EVs) over the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said on 20 February as the company introduced its 2018 Energy Outlook. And to meet the goals of the …
KBR Joint Venture Wins FEED Contract for Absheron Gas Field in Azerbaijan
KBR and State Oil Company of Azerbaijan (SOCAR) joint venture, SOCAR-KBR Limited Liability Company (SKLLC), has received a contract from undisclosed customer to build the topsides for first development phase of the Absheron gas and condensate field offshore Azerbaijan. Located approximately 100km south of Baku, Azerbaijan, in the Caspian Sea, …