Gazprom Neft reports unaudited IFRS 1Q 2013 financial results
Gazprom Neft today announces its unaudited consolidated financial results for 1Q 2013, which have been prepared in accordance with International Financial Reporting Standards (IFRS). The company’s financial performance in 1Q 2013 compared to 1Q 2012 was negatively affected by a combination of lower crude oil prices and a rise in …
Rosneft to Strenghten Cooperation with PetroVietnam
OJSC Oil Company Rosneft (Rosneft) and Vietnam Oil and Gas Corporation “PetroVietnam” (PetroVietnam) today signed a Memorandum of Understanding (MOU) in Sochi to strengthen cooperation between the two oil and gas companies. The MOU – signed by Rosneft President and Chairman of the Management Board Igor Sechin and PetroVietnam Chairman …
Max Petroleum Drilling Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-E6 development well in the Zhana Makat Field has successfully reached a total depth of 897 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans …
GE Oil & Gas Increases Asia Pacific Subsea Production
GE Oil & Gas Expands Batam Subsea Manufacturing Facilities, Adding High Bay Workshop for First Asia Pacific Production of Vertical Subsea Trees JAKARTA, INDONESIA—May 15, 2013—GE (NYSE: GE) today announced the largest expansion of its Batam manufacturing facility to date, with the construction of a high bay for a new …
Exterran Announces Grand Opening of Fort Worth Operations Services Center
Exterran celebrated the grand opening of its new Operations Services Center (OSC) in Fort Worth, Texas, with a ribbon-cutting ceremony today. Located at 2100 Great Southwest Parkway, the Fort Worth site is being established by Houston-based Exterran as the first of multiple such sites to streamline customer field support processes …
Schlumberger Delivers Enterprise Knowledge Management for IT Professionals
Schlumberger today announced the release of Studio* Manager, which delivers information management capabilities for the Studio E&P knowledge environment. Studio Manager allows information management professionals to proactively track asset team progress and resolve data issues working interactively with users of the Petrel* E&P software platform. “Studio Manager enables information managers …
Alliance Oil Company Production Update
Alliance Oil Company’s preliminary average daily oil and gas production for April 2013 amounted to 65,743 barrels of oil equivalent (boepd)[i]. In April 2013, preliminary average refining volumes at the Khabarovsk refinery amounted to 69,426 barrels of oil per day (bpd). April preliminary operating results: Upstream, Boepd Oil 54,684 Gas …
Rosneft and KAMAZ Plan to Expand Use of Gas as Motor Fuel
OJSC Rosneft and OJSC KAMAZ signed an agreement on scientific and technological cooperation to expand use of natural gas as motor fuel The largest oil and gas company and a leading Russian truck manufacturer intend to conduct joint research and development in order to build wheeled vehicles with gas-powered engines …
Licence Extension Approval for Max Petroleum
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received final regulatory approval of a two-year extension of the exploration period of the Company’s Blocks A&E Licence by the Ministry of Oil & Gas of the Republic of …
Surgutneftegas Reports Operating Results for April 2013
In April 2013, Surgutneftegas produced about 5.043 mn tonnes of crude oil, at the previous year level (5.034 mn tonnes). Within the fourth month of the current year, crude output in the Republic of Sakha (Yakutia) reached 584,800 tonnes, a 12% increase from crude output in the region in April …