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, …
Gazprom to Ensure Long-Term Efficiency of Production Complex in Komi Republic
The Gazprom Management Committee took note of the information about the prospects of the Vuktylsky geological and economic area in the Komi Republic. Gazprom’s active fields in the region – Vuktylskoye, Zapadno-Soplesskoye, Pechorokozhvinskoye, and Yugidskoye – are at the final stage of development. The major Vuktylskoye field, producing gas since 1968, is depleted by about 85 per cent. Gas extracted in the Vuktylsky …
Total: Maersk Oil Acquisition Marks Change in Strategy
Total is on the acquisition trail again. Its US$7.5 billion purchase of the oil assets of shipping group A.P. Møller-Maersk, announced on August 21st, is a change both from its recent strategy and those of its supermajor peers. And it demonstrates once again that the industry’s merger and acquisition pipeline is getting unblocked. Maersk Oil …