The meeting of Bashneft’s shareholders to consider selling the Company’s stake in UPC
The Board of Directors of JSOC Bashneft has decided that the Company should sell its stake in the authorized share capital of OJSC United Petrochemical Company (UPC) to OJSC JSFC Sistema; currently, Bashneft owns a 98% stake in UPC’s authorized share capital. The Board has submitted this proposal to the …
Slavneft Produced 8.45 Million Tons of Oil during 6 month of 2013
Within the first six months of the current year, OAO NGK Slavneft’s Subsidiaries produced 8.45 mln tons of crude oil, which is 5% lower against the similar period of the previous year. The gas production volume for the reporting period made 411.1 mln m3, thus decreasing by 3.2% as compared …
Minister: Kazakhstan to start oil production at Kashagan field by October 2013
Commercial oil production at Kashagan oil and gas field in Kazakhstan will start no later than October of 2013 and perhaps even earlier, Kazinform reported with the reference to Kazakh Oil and Gas Minister Uzakbai Karabalin. “In general, the project is ready for 98 percent. We examined the readiness of …
Half-Year Results Were Summarized at Taneco
The employees’ meeting on the results of the first half of 2013 was held at the “TANECO” Refinery and Petrochemical Plants Complex with participation of Nail Maganov, First Deputy General Director of JSC TATNEFT and Chairman of the Board of Directors of JSC “TANECO”. A total amount of 3,794,521 tons …
Weatherford Successful Performed Microseismic Monitoring at Kogalymskoe Oilfield Owned by Lukoil-AIK
Weatherford implemented the first microseismic monitoring operation during a frac job at LUKOIL-AIK asset. It was performed while four-stage fracturing in a horizontal well at Kogalymskoe field. Microseismic control was carried out by Weatherford’s Wireline PL while intensification with array consisting of 8 digital three-component geophones installed in the deviated …
Exillon Energy: Updates on EWS and ETP Wells
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 a drilling update. Production Expectations We intend to give an update on our production expectations for 2013 along with our H1 reviewed financial results. These are …
North Caspian Operating Company Introduces Sweet Gas into Offshore Facilities
The North Caspian Operating Company BV (NCOC) has announced the introduction of sweet gas into the offshore facilities on the artificial D Island and the lighting of the flare on July 14, a further major milestone in the startup of the Kashagan oil field, located 80 km southeast of Atyrau, …
Max Petroleum: Borkyldakty Field Placed on Full Field Development
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the Government of the Republic of Kazakhstan has granted regulatory approval to convert the Borkyldakty Field to full field development (“FFD”) status effective immediately. FFD approval will allow Max Petroleum to …
GE Oil & Gas to Establish New Global Headquarters in London
Florence to Remain the Global Headquarters for Turbomachinery Products & Services Business and a Key Manufacturing and Engineering Site GE Oil & Gas today announced it will establish its new global headquarters in London. Florence will remain the global headquarters for GE Oil & Gas Turbomachinery Products & Services, a …
Carbo Ceramics Launches CARBOProp RCP and CARBOProp RCP LT
CARBO Ceramics Eurasia (CCE) launches CARBOProp RCP, resin coated ceramic proppant for reservoirs of moderate temperature and CARBOProp RCP LT, for low temperatures. This new product offers excellent bonding strength to avoid proppant flow back. CCE teamed up with Uralchimplast (UCP) in its research efforts to develop a RCP that has minimum …