Gazprom: To Spend RUB 10.8bn on R&D
The Gazprom Board of Directors approved the report on the progress in 2014 with Gazprom’s Innovative Development Program until 2020. Gazprom Group continues earmarking considerable funds for financing research and development (R&D) activities. In 2014 a record-breaking amount in the whole Company history – RUB 10.82 billion – was devoted …
BP: Q2 Results – A Challenging Environment
BP today reported its results for the second quarter of 2015. Underlying replacement cost profit1 for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 billion for the second quarter of 2014. The result reflected the impact of continued low oil and gas prices, …
Bashneft: Alexey Teksler Appointed Chairman of the Board
Today, the Board of Directors of PJSOC Bashneft has elected Alexey Teksler, the First Deputy Minister of Energy, as Chairman of the Board of Directors in accordance with a directive from the Government of the Russian Federation. Alexey Teksler was born on January 19, 1973 in Chelyabinsk. In 1995 he …
Statoil: Q2 Results – Earnings After Tax Down 37.5%
Statoil delivered Adjusted earnings of NOK 22.4 billion and adjusted earnings after tax of NOK 7.2 billion in the second quarter. Statoil reported Net income in accordance with IFRS of NOK 10.1 billion, including gains from divestments. “In the second quarter, Statoil delivered encouraging operational performance with good production growth …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
Urals Energy: Workover Proving Successful at Arcticneft
Urals Energy, the independent exploration and production company with operations in Russia, announces that all of the resolutions put to shareholders at the Annual General Meeting held in Cyprus earlier today were duly passed. The Company is pleased to announce the following update on its operations at Arcticneft and Petrosakh. …
ROGTEC September Issue – Fracturing Technology Roundtable Deadline Looming!
Click Here to download the questions! Does your company provide fracking equipment or services, or do you target the companies that do? If the answer is yes to either of these questions, purchasing an advert to run in this feature or answering these questions is guaranteed to get your marketing message to …
GE and Statoil Collaboration Announces Winners of Inaugural Unconventional Open Innovation Challenge
GE and Statoil’s Sustainability Collaboration announced today the five winners of its inaugural Open Innovation Challenge that focused on addressing the use of sand in unconventional operations. Five Winning Technologies Address Alternatives for Sand in Shale Development: Sand plays a critical role in shale development and the hydraulic fracturing process. …
Petroneft: Horizontal Wells Boosting Production
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of License’s 61 and 67 is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye T-503 horizontal well brought online at sustained rate of over 550 …