Russia Oil Gas Magazine

Revenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12% Operating income of $201 million increased 9% sequentially Net income of $82 million increased $10 million sequentially; net income margin of 6.4% Adjusted EBITDA* of $291 million increased 8% sequentially; adjusted EBITDA margin* of 22.8% Cash …

Divisions of TAGRAS Holding will take part in the main federal forum on labor productivity in Kazan. The event will take place at the site of the IT Park named after. Bashir Rameev July 20-21. In 2023, Tatarstan became the leader in the implementation of the national project “Labor Productivity”. …

Based on preliminary reporting from operating units, management of TGS ASA (“TGS”) expects IFRS revenues for Q2 2023 to be approximately USD 206 million, compared to USD 230 million in Q2 2022. POC revenues* are expected to be approximately USD 241 million, up from USD 136 million in Q2 2022. POC …

Severstal Steel Solutions is expanding its fleet of equipment for the manufacture of steel structures. The company has purchased a new automated device – a tractor, which allows submerged arc welding. Welding tractors got their name due to the possibility of independent movement and simultaneous seam maintenance. Previously, employees of …

Energy services provider Expro (NYSE: XPRO) has secured a contract with a major operator for the first deployment of its unique and industry-leading single shear and seal high-debris 15K ball valve assembly. The multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention system being …

Integrated solution to cut time required for field development planning by up to 50% SLB (NYSE: SLB) and Quorum Software have introduced a joint digital planning solution, which leverages Quorum’s Planning Space business planning and petroleum economics offering within the FDPlan™ agile field development planning solution from SLB. The integrated …

UK-based TechnipFMC has signed a 20-year framework agreement with Chevron Australia to supply Subsea 2.0 subsea gas production systems. According to TechnipFMC, the deal includes wellheads, X-mas trees, manifolds, controls, flexible cables and hydraulic hoses. Subsea 2.0 is planned to be used to develop gas fields off the northwest coast …

The Sistema-Service Division of TAGRAS Holding has developed and manufactured a PDC bit with a collar and a sub for connecting casing pipes. The equipment is used for drilling on casing pipes. Today it is the most advanced drilling method. Specialists on the basis of a subsidiary of the division …

The Tatneftedor Division of TAGRAS Holding repaired 1.5 km of the Karabash-Aktobe-Mikulino-Leninogorsk-Aznakayevo regional road and 1.6 km of the Aznakayevo-Tumutuk-Kuk-Tyaka regional road On both sections of the road, specialists milled the worn layers of the pavement and laid a leveling layer of asphalt concrete fine-grained mix A11Hn, arranged the top …

Specialists of the Tyumen Oil Research Center (part of the research and design unit of Rosneft), together with the non-state development institute Innopraktika, continue to work on the creation of digital core research technologies. The corporate software complex “RN-Digital Core” is designed to study the properties of rocks through mathematical …