Russia Oil Gas Magazine

Memorandum of understanding sets groundwork for collaboration to decarbonize hard-to-abate industries including mining, steel and cement Collaboration to leverage respective expertise to explore potential opportunities for scale-up and adoption of new technology solutions to reduce greenhouse gas emissions and produce green hydrogen, ammonia and geothermal energy FLORENCE, Italy, Jan. 30, …

Tatneft implemented Russia’s first full-cycle geomechanical modeling software product. The specialists of the oil company, TatNIPIneft Institute (Bugulma) and Innopolis worked on the complex. This is reported by the portal “Production Management”. The package includes traditional 1D modeling tools such as pore pressure prediction; wellbore trajectory and stability calculation. The …

Two laser automated welding complexes of domestic production appeared in Tatneft. The equipment was designed and manufactured with the participation of specialists from the oil company. Oil News writes about this (Elena FILATOVA). The laser was first used in fields in Tatarstan in 2019. Since then, the design of the …

Seventy years ago, on January 16, 1953, the trust “Tatneftegeofizika” was established by order of the Minister of the Oil Industry of the USSR Nikolai Baibakov. This date has become a starting point for Tatarstan field geophysics. The Devon news agency learned about this from a report by Tatneft. Officially, …

Weatherford International plc today announced the Company’s issuer credit rating has recently been upgraded to ‘B’ from ‘B-‘ by S&P Global Ratings (“S&P”). S&P based the rating upgrade in part due to improvements in financial performance and liquidity driven by stronger operational performance, the recently announced $400 million credit facility …

Weatherford International plc announced a strategic partnership with Ardyne, a leader in specialized well-decommissioning technology. This agreement will enable Weatherford and Ardyne to deliver significant value to customers globally by offering the industry’s most comprehensive portfolio of Plug & Abandonment (P&A) and Slot Recovery solutions. The Company will invest in …

Geophysical TNG-Group intends to develop and bring to market a hardware and software modular recording complex with hybrid telemetry. The development is designed to solve the needs of the oil exploration industry for high-quality domestic equipment, wireless technologies and unification of systems. This was announced by Denis KISLER, Deputy General …

Halliburton Company today introduced the NeoCem™ E+ and EnviraCem™ cement barrier systems as an expansion of their portfolio of high-performance, reduced Portland cement systems. NeoCem E+ cement contains a 50 percent or greater reduction of mass cement while EnviraCem cement contains a 70 percent or greater reduction of mass cement. …

Projects will capture and sequester CO2 emissions from sectors such as hydrogen, ammonia and natural gas SLB and Linde announced today that they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine …

Revenue of $1.89 billion, up 9% sequentially and 41% year-over-year Operating Profit of $55 million, down $13 million sequentially and up $98 million year-over-year Net Income of $32 million, or $0.08 per fully diluted share Adjusted EBITDA* of $195 million, up $45 million sequentially and $139 million year-over-year *Adjusted EBITDA …