LUKOIL: Installs Marine Risers at the Vlaidimir Filanovsky Field
LUKOIL commenced driving in of marine risers at Vladimir Filanovsky field in the Caspian Sea. This operation precedes drilling of development wells. Risers, required to reinforce wellheads, ensure circulation and environmental safety at drilling operations, are driven down in the sea bottom to a depth of 120 meters. Marine risers, …
Rosneft: To Improve and Streamline HO Efficiency – Pavel Fedorov to Lead the Team
As a step towards further efficiency enhancement Rosneft announces the optimization of the structure of the central administrative office. The new central administrative office management formula is based on best international practices, reflecting current industry fundamentals and increases management efficiency by consolidating subdivisions’ functions, expanding personal responsibility and reducing of …
Petroneft: Peace Breaks Out with Natlata After Board Room Shake Up
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 and Natlata Partners Limited, PetroNeft’s largest shareholder are pleased to announce they have reached an agreement on a new Board composition and structure. Accordingly, …
Zoltav Resources: 2015 Results – Revenues Up 41%, First Operating Profit of $1.1m USD
Zoltav, the Russia and CIS-focused oil and gas exploration and production company, announces final results for the year ended 31 December 2015 – a period in which the Company generated its first operating profit. Financial Highlights · Revenues from production increased by 41% to US$28.1 million (2014: US$20.0 million, from …
Gazprom: Improves Procurement Opportunities for Small and Medium Sized Enterprises
The Gazprom Board of Directors took note of the information about the Company’s procurement process performance in 2015. It was highlighted that Gazprom had established an efficient vertically integrated procurement system. The system is underpinned by the principles of open information, transparency, promotion of fair competition, and wider and simpler …
Rosneft: Igor Sechin and Statoil's CEO, Eldar Saetre, Hold Talks
Rosneft Chairman of the Management Board Igor Sechin held talks with Statoil ASA President and CEO Eldar Saetre. The parties discussed the progress of joint projects implementation including preparation for the drilling at the shelf of the Okhotsk Sea. Igor Sechin and Eldar Saetre noted that the cooperation between the …
Statoil: Launches Cap-X Subsea Field Development Concept to Reduce Subsea Costs
At the Barents Sea Conference in Hammerfest today, a new subsea concept developed by Statoil was presented by Margareth Øvrum, executive vice president for technology, projects and drilling in Statoil. The new subsea solution is called Cap-X. “Once again we aim to drive subsea technology development on the Norwegian continental …
Ruspetro: 2015 Results – Drilling Costs Down, Geological Understand Up
Ruspetro plc, an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation, announces its Preliminary Results for the year ended 31 December 2015. Corporate – Intention to seek shareholder approval to cancel the listing of the Company’s ordinary shares from …
Gazpromneft-Angara: UniQ Seismic Technology Increases the Chomsky Project’s C1 Reserves by 48%
As a result of geological prospecting operations undertaken in 2015, Gazprom Neft has increased estimates of C1 commercial reserves at its East Siberian fields (the Ignyalinsky, Tympuchikansky and Vakunaisky fields, collectively the “Chonsky Project”) by 48 percent. This increase in recoverable C1 oil reserves amounts to 6.9 million tonnes. Recoverable …
Gazpromneft-Angara: UniQ Seismic Technology Increases the Chomsky Project's C1 Reserves by 48%
As a result of geological prospecting operations undertaken in 2015, Gazprom Neft has increased estimates of C1 commercial reserves at its East Siberian fields (the Ignyalinsky, Tympuchikansky and Vakunaisky fields, collectively the “Chonsky Project”) by 48 percent. This increase in recoverable C1 oil reserves amounts to 6.9 million tonnes. Recoverable …