TGS Q1 2023 Revenue Update
Based on preliminary reporting from operating units, management of TGS ASA (“TGS”) expects IFRS revenues for Q1 2023 to be approximately USD 173 million, compared to USD 132 million in Q1 2022. POC revenues* are expected to be approximately USD 229 million, up from USD 114 million in Q1 2022. …
Division of TAGRAS Holding Develops Multi-Stage Hydraulic Fracturing Technology
Specialists of the TAGRAS-RS division of the TAGRAS Holding have successfully carried out pilot work on multi-stage hydraulic fracturing (MSHF). All work was carried out without deviation from the technology, in compliance with the requirements for industrial and environmental safety and labor protection. The customer plans to continue implementing this …
“Liquid” Packer Showed Efficiency in the Development of Natural Bitumen
The blocking fluid protects horizontal wells from steam breakthrough. At the fields of Tatneft, the introduction of a “liquid” packer has begun. The technology proved its effectiveness for the company and became one of the best practices of Tatarstan oilmen. Oil News writes about this (Elena FILATOVA). Recall that in …
Severstal Steel Solutions Purchased New Equipment to Improve Quality Control of Steel Structures
Severstal Steel Solutions has added a new ultrasonic flaw detector to its stock of equipment for quality control of finished products. The device will allow you to perform faster and more accurate analysis. “Over the past three years, the product portfolio of our company has changed in favor of a …
Eco Atlantic notes Operator’s New Competent Person’s Resource Report on Block 3B/4BOffshore South Africa
Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins,is pleased to note Africa Oil Corp.’s publication of an independent, NI 51-101 compliant report of qualified reserves and resources evaluator for Block 3B/4BOffshore South Africa (the “CPR”). The CPR was commissioned by …
Welltec A/S acquires Autentik AS to Expand Intervention Service Offering
Welltec A/S, a market leader in Completion and Intervention within the energy industry, announces the acquisition of Autentik AS, a niche technology provider specializing in electric wireline fishing and interventions. The acquisition represents a strategic move by Welltec to expand its downhole intervention capabilities and is in line with the …
Halliburton Appoints New Eastern Hemisphere President
Halliburton Company today announced that Shannon Slocum, senior vice president, Global Business Development and Marketing, has been promoted to the role of president, Eastern Hemisphere, effective immediately. Joe Rainey, president, Eastern Hemisphere, is retiring and will serve as senior advisor to Chairman, President, and CEO Jeff Miller during the transition. …
LUKOIL-Technologies and ITPS Upgraded the Corporate Industry Portal ISU SPIK for Oil Refining, Petrochemical and Gas Processing Unit of LUKOIL Group
Specialists of LLC LUKOIL-Technologies, with the participation of ITPS consultants, implemented a project to develop the corporate industry portal IMS “Innovation and Communication Support System” (ISU SPIK) of the oil refining, petrochemistry and gas processing unit (BNNG) of the LUKOIL Group. The updated portal received a modern design and new …
Halliburton and Siguler Guff Announce Joint Venture for Emissions Management Software
Halliburton Company and Siguler Guff & Company, LP (“Siguler Guff”) today announced the launch of Envana Software Partners, LLC. The new venture provides critical emissions management software-as-a-service (SaaS) solutions to track greenhouse gas emissions in the oil and gas industry and beyond. The Envana™ digital emissions management solution provides a …
Digitalization of Oil & Gas Industry in the Middle East. ITPS at MEOS GEO 2023
Experts of the ITPS group of companies took part as a delegate in the exhibition and conference MEOS GEO 2023 (February 19-21, 2023, Bahrain) – the main industry event in the Middle East, dedicated to the exploration and production of oil and gas. With over 40 years of experience and …