Oil & Gas Operators

Plant to set up JV, which will secure financing for and carry out the design, construction and operation of the LNG plant in the Leningrad Region Royal Dutch Shell and Russian gas monopoly Gazprom have signed two agreements on the Baltic liquefied natural gas (LNG) project. Gazprom CEO Alexey Miller and Shell …

Novatek has revised its production plans in Eastern Siberia and is no longer planning to buy assets there due to low profitability of production, the company’s CEO Leonid Mikhelson told reporters. “We see our future on the Gydan Peninsula and the Yamal Peninsula, we do not consider Eastern Siberia yet. …

Tethys Petroleum Limited today announces that it has successfully completed the installation of an Electrical Submersible Pump (“ESP”) in its main oil producing well, AKD-01. AKD-01 has been producing under natural pressure since first oil in September 2010 and to date has produced approximately three million barrels of oil. Production …

Alexey Miller, Chairman of the Management Committee of Gazprom, and Alexey Dyumin, Governor of the Tula Region, signed today at the St. Petersburg International Economic Forum 2017 a Roadmap for a wider use of high-tech products, including import-substituting ones, manufactured by the Tula Region’s companies in the interests of Gazprom. The document envisages that the region’s manufacturing and research entities will prepare …

Alexey Miller, Chairman of the Management Committee of Gazprom, and Denis Manturov, Minister of Industry and Trade of the Russian Federation, today signed at the St. Petersburg International Economic Forum 2017 an agreement to cooperate in creating domestic subsea production systems. The agreement envisages efforts aimed at developing the capacities of Russian engineering and shipbuilding companies in terms of producing import-substituting equipment …

Baker Hughes Incorporated and General Electric Company (NYSE:GE) today announced the executive team that will lead Baker Hughes, a GE Company upon closing of their proposed transaction to combine GE’s Oil & Gas business with Baker Hughes. The combined executive team, which has considerable experience, deep expertise and will drive …

Vadim Yakovlev, the First Deputy General Director of “Gazprom Neft” and Lance Marklinger, President of Global Sales for Weatherford International plc, signed a technology cooperation agreement at the St. Petersburg International Economic Forum. The agreement is valid for five years and is intended to further develop current business relationships and …

Vadim Yakovlev, First Deputy CEO, Gazprom Neft, and John Gass, Vice President, Nabors Drilling International Ltd, have signed a Memorandum of Understanding at this year’s St Petersburg International Economic Forum. The document confirms both companies’ mutual interest in investigating long-term collaboration on projects in the oil and gas industry in the Russian Federation. The agreement involves, in particular, Nabors …

Gazprom Neft and Siemens AG have signed a Strategic Partnership Agreement at this year’s St Petersburg International Economic Forum, with the document being signed by Gazprom Neft CEO and Chairman of the Management Board Alexander Dyukov and Siemens AG President Joe Kaeser. The parties intend to cooperate in energy, production, transportation, refining , and developing the Russian continental shelf. They will also …

The Shah Deniz consortium are pleased to announce the sail away of the first topsides unit built for the Shah Deniz Stage 2 platforms. The official sail away ceremony, held in Baku today, was attended by H.E. President Ilham Aliyev of the Republic of Azerbaijan. The Quarters and Utilities (QU) …