International Petroleum Fails to Receive Range Resource Loan Finance
International Petroleum Limited, advises its shareholders that , since its announcement on 17 June 2013 , it has not received any additional funds from Range Resources Limited pursuant to the loan facility ( Loan ) provided by Range Resources to the Company. To date, the Company has received US$ 8million …
Weatherford Announces Alex Cestero as the New Co-General Counsel
Weatherford International Ltd. today announces that Alejandro (Alex) Cestero has joined Weatherford as Vice President and Co-General Counsel. Mr. Cestero previously served as Vice President, General Counsel, Secretary and Chief Compliance Officer of Lufkin Industries, Inc. Prior to joining Lufkin, Mr. Cestero was the Senior Vice President, General Counsel, Secretary and Chief …
KazMunaiGas: Changes Board and Decreases Capital Expenditure
JSC KazMunaiGas Exploration Production held an Extraordinary General Meeting of shareholders on July 09, 2013. At the meeting a member of the Company’s Board of Directors, Lyazzat Kiinov, has resigned and Daniyar Berlibayev, First Deputy Chairman of the Managing Board for Corporate Development of National Company KazMunaiGas was appointed a …
Collection and Processing of Associated Petroleum Gas in Tatneft. Year Half Results
“Tatneftegazpererabotka” Administration (UTNGP) of JSC TATNEFT gathered 425.9 million cubic m in the first half of 2013, which was 11.7 million cubic m more than in the same period of 2012. The utilization ratio of associated petroleum gas reached 95.08 percent. The volume of gas supplies for processing totaled 378.4 …
Frost and Sullivan: PPE Set to Boom in Russia
A thriving oil and gas industry holds tremendous promise for the future of the related personal protective equipment (PPE) market in Europe and the former Soviet Union (FSU). Adoption levels will be reinforced by stricter safety regulations and heightened awareness about worker safety. New analysis from Frost & Sullivan (www.chemicals.frost.com), …
Bashneft releases preliminary operating results for the first half of 2013
Bashneft released its preliminary operating results for the six months of 2013. During the period from January through June 2013, oil production at the Company’s fields amounted to 7,768 thousand tonnes, which is 1.5% higher than in the same period in 2012. In the second quarter of 2013, Bashneft produced …
Alexander Popov Appointed Director General of Itera Oil and Gas Company
Alexander Popov is appointed Director General of Itera Oil and Gas Company LLC. The new head has a task to efficiently integrate Itera’s assets into OJSC Oil Company Rosneft’s structure in order to gradually implement the company’s gas strategy aimed at substantial gas reserves monetization and increasing Rosneft’s shareholder value. …
Shipyard Handling Solutions From J D Neuhaus
With nearly 270 years of hoisting technology experience, the J D Neuhaus company have pioneered many substantial innovations in the field of air powered handling equipment and are now acknowledged as global market leaders utilising this technology. Their impressive range of hoists, covering lift capacities from 250kg up to a …
RusPetro: Tom Reed Appointed Acting CEO and $84m in Loans Extended
Ruspetro plc today announces a number of important changes: · With immediate effect Tom Reed, current CFO, appointed acting CEO in place of Don Wolcott who has now left the Company · Current Chairman Chris Clark to step down at the end of July, replaced by Alexander Chistyakov as Executive …
Aker Solutions: To Deliver Drilling Equipment Package for a New Rig in Azerbaijan
Aker Solutions won a contract from Caspian Drilling Company Ltd (CDC) to provide a complete topside equipment package for a new semi-submersible drilling rig in Baku, Azerbaijan. The parties agreed not to disclose the value of the order. Aker Solutions has previously delivered drilling equipment to eight drilling rigs operating …