NOV Expands Ability to Deliver Market-Leading Tubular Technologies in Saudi Arabia
National Oilwell Varco today announced it has broken ground on two manufacturing plants that will significantly strengthen the Company’s market-leading positions in providing composite pipe technologies and tubular coatings within Saudi Arabia. Both facilities will be located at MODON 3 near the city of Dammam. NOV has provided comprehensive tubular …
Rosneft and Eni To Extend Cooperation in Russia and Abroad
Rosneft and Eni S.p.A. entered into a Cooperation extension agreement in the areas of upstream, refining, marketing and trading during the visit of an Italian delegation to Russia. The document was signed by Rosneft CEO Igor Sechin and Eni CEO Claudio Descalzi in the presence of Russian President Vladimir Putin …
Rosneft and Tecnoclima S.p.A. Agree on the Supply of Climatic Equipment for Drilling Rigs
Rosneft and Tecnoclima S.p.A. entered into a Cooperation Agreement on the supply, modernization and maintenance of heating and ventilation systems for drilling rigs during a visit of the Italian delegation to Russia. The document was signed by Rosneft Chief Executive Officer Igor Sechin and Tecnoclima Chief Executive Officer Giulio Vescovi …
Tethys Petroleum: Q1 2017 Results – Revenues Down 86% Due to Lack of Gas Sale, Gas Sold in May 2017
Tethys Petroleum Limited today announced its Results for the quarter ended March 31, 2017. Q1 Financial Highlights (all figures reported in USD unless stated otherwise. 2016 amounts are for the quarter ended March 31, 2016) Oil and gas sales and other revenues decreased by 86% in the first quarter of …
Condor Petroleum: Q1 2017 Results – $56.6 million Expense Related to the Derecognition Under the Zharkamys Contract
Condor Petroleum Inc., a Canadian based oil and gas company focused on exploration and production activities in Turkey and Kazakhstan, is pleased to announce the release of its unaudited interim condensed consolidated financial statements for the three months ended March 31, 2017, together with the related management’s discussion and analysis. …
Caspian Sunrise: Baverstock Merger Completion Imminent
Further to the RNS dated 27 February 2017, Caspian Sunrise plc (formerly Roxi Petroleum plc), the Central Asian oil and gas company, with a focus on Kazakhstan, is pleased to update the market with news of receipt of the final material consent required to implement the Baverstock Merger. Background Caspian …
Petrosibir: Produced 42,050 Barrels in April 2017
Production report for April 2017 Petrosibir‘s total oil production in April 2017 amounted to 42 050 barrels, equivalent to 1,402 barrels per day. The table below summarizes the production broken down by region. Apr 2017 Apr 2016 2016 2015 2014 2013 Bashkiria 12 660 13 120 152 850 158 470 …
Exillon Energy: Unaudited April 2017 Production – 10,881 bbl/day
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of April 2017. · Our average daily production[1] was 10,881 bbl/day during the period. · Average daily production for …
Gazprom and RusGazDobycha Sign Memorandum of Intent
Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Director General of RusGazDobycha (a special-purpose company established by National Chemical Group), today signed in St. Petersburg a Memorandum of Intent. The document outlines the intentions of the parties to implement projects aimed at advancing petrochemical production on the …
Shell: Russian Crude Should be Considered in Determining Brent
Royal Dutch Shell Plc, the world’s largest oil trader, said the time has come to debate using Russian crude to help determine the global Brent benchmark, in what would be the most radical shift in how European prices are calculated since the 1970s. Market should discuss including Russian crude in …