Russia Oil Gas Magazine

Expro (NYSE: XPRO), a leading provider of energy services, has successfully completed its 100th job globally of its field-proven cementing technology, SeaCure®, marking a significant milestone. The completion of this landmark project emphasizes Expro’s commitment to delivering innovative solutions and exceptional service to its clients worldwide. The 100th SeaCure® job …

Expro, a leading provider of energy services, has completed its acquisition of Coretrax, a technology leader in performance drilling tools and wellbore cleanup, well integrity, and production optimization solutions based in Aberdeen, Scotland. The effective date of closing was May 1, 2024. The acquisition of Coretrax, from an investment group …

Following the worldwide launch of the Reda™ PowerEdge™ energy-efficient wide-range ESPCP system at the Oman Petroleum and Energy Show, we’ve got a wealth of information to share with you on this highly efficient ESPCP system. You’ll be able to lift any API gravity oil with high gas and solids content, …

Today, Halliburton Company added the SentinelCem™ Pro cement system to its lost circulation solutions portfolio. The single-sack packaging enables proactive storage in offshore and remote locations. SentinelCem Pro cement, built upon its predecessor, simplifies mixing operations as it eliminates the need for pre-hydration of the slurry design and access to …

This will eliminate the need for expensive cables and increase the reliability of oil production equipment. For the first time in Russia, Tatneft tested a cable-free system for monitoring downhole parameters. It transmits information from the bottom of the well along the production string. Damage to an expensive downhole pressure …

First quarter revenue of $1,358 million increased 15% year-over-year, led by international growth of 21% First quarter operating income of $233 million increased 26% year-over-year First quarter net income of $112 million, an 8.2% margin, increased 56% year-over-year First quarter adjusted EBITDA* of $336 million, a 24.7% margin and the highest in over 15 years, increased …

Weatherford International today announced it has increased its Credit Facility by $130 million to $680 million in aggregate commitments by adding additional lenders to its facility. The facility is now comprised of a $309 million tranche available for performance letters of credit and a $371 million tranche available for revolving …

In Russia there is one more deposit. Hydraulic fracturing was successfully carried out on the parametric well Zaozernaya No. 1, located in the Khanty-Mansiysk Autonomous Okrug – Yugra. The work was carried out for the Federal State Budgetary Institution “VNIGNI” on the basis of the state assignment of Rosnedra. Hydraulic …

The company’s net profit in January-March amounted to $455 million compared to $576 million in the same period last year. Earnings per share decreased to $0.45 from $0.57. Earnings excluding one-time factors were $0.43 per share, exceeding the consensus forecast of analysts polled by FactSet at $0.39 per share. Baker …

New technologies reduce emissions and improve production economics SLB introduced two advanced artificial lift systems: The Reda™ Agile™ compact wide-range electric submersible pump (ESP) system and the rodless Reda PowerEdge™ electric submersible progressing cavity pump (ESPCP) system. Their breakthrough designs deliver enhanced reliability and efficiency. Connected to digital services for …