Max Petroleum: Successful Well Drilled in the Borkyldakty Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has finished drilling the BOR-4 development well in the Borkyldakty Field, reaching total vertical depth of 1,609 metres. The well successfully encountered approximately 31 metres of net oil pay across …
Eaton and Cooper Unite at SPE Offshore Europe 2013
Diversified industrial manufacturer Eaton has announced it will be demonstrating a range of diverse solutions to enhancesafety, reliability and efficiency at the international upstream industry exhibition, SPE Offshore Europe from 3-6 September 2013in Aberdeen, Scotland. Visitors of Eaton´sstand 1E21will learn about the company´s broad portfolio of electrical and explosion-proof equipment …
Bashneft-Polus Begins Oil Production as Part of Development at Trebs and Titov Fields
Bashneft-Polus, a joint venture of OAO LUKOIL and OAO ANK Bashneft, began oil production as part of the development of R.Trebs and A.Titov fields in Nenets Autonomous District. Test production is underway and is expected to reach about 300,000 tons of oil by the end of 2013. “The Trebs and …
Exillon Energy: Interim Results of 2013, Production Up 35%
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, today issues its interim results for the first six months to 30 June 2013. “During the first half of 2013 we delivered a dramatic increase in reserves (increasing …
Aker Solutions: Second-Quarter Results 2013
Key Developments Aker Solutions’ earnings for the second quarter of 2013 were impacted by low capacity utilisation in the engineering business as new orders waned. The result was also pushed down by idle-time at the Aker Wayfarer and the Skandi Aker vessels as well as a minor loss in the …
Tatneft: Results of Implementing the Resource Conservation Program in the First Half of 2013
The results of the implementing the target-oriented program of JSC TATNEFT for resource conservation in the first half of 2013 were summarized. The planned targets of the energy efficiency program have been implemented. The main objective of the energy and resource conservation program of the Company is the rational use …
Gazprom Neft Shelf Published The Summary Plan On Prevention Of Spill Incidents And Oil Spill Response
“Gazprom Neft Shelf” LLC has published on its site the Summary Plan on prevention of spill incidents and oil spill response in the operating responsibility zone of Offshore Ice-Resistant Fixed Platform (OIRFP). The document reflects basic provisions of prompt response system and of interaction mechanism between the operator company, outside …
International Petroleum: Director Resignations
International Petroleum Limited announcesthat Mr Antonio Antoniou and Mr Pierre Godec resigned as non-executive directors yesterday with immediate effect. Given that, in order to minimise cash outflows, the Company has temporarily ceased its oil and gas exploration and production activities and that it is in discussions with a third party …
Taneco’s Board of Directors Meeting
A meeting of JSC TANECO’s Board of Directors chaired by Nail Maganov, First Deputy Director General – Head of URNiN (Crude Oil and Oil Products Sales Department) of JSC TATNEFT, was held in Nizhnekamsk on August 22. The Board of Directors approved the reports on the financial and economic activities …
Rosneft President and Management Board Members Increase Stakes in Charter Capital
Rosneft President and members of the Management Board have increased their interests in the Company’s charter capital as follows: Igor Sechin, President, Chairman of the Management Board of Rosneft, increased his holding from 0% to 0.0075% Larisa Kalanda, member of the Management Board, Vice President of Rosneft, increased her holding …