Yamal LNG and Integra Group Sign a Multi-Year Service Contract
Integra Group announces that it has signed a multi-year service contract with JSC Yamal LNG. The agreement covers development drilling services to be provided at the South-Tambeyskoye field on the Yamal peninsula on a day-rate basis. The contract was signed by Integra Group’s subsidiary Integra-Drilling and has a duration from …
Zenith Oilfield Technology: Z-Sight Automated Surveillance System Secures Hat-Trick of Queen’s Awards
A pioneering automated surveillance system developed by Zenith Oilfield Technology, a Lufkin company, has won the company’s third Queen’s Award for Enterprise. Zenith’s Z-Sight system scooped the top honour in the Innovation category, which was announced on April 21. It is Zenith’s first Innovation award after two previous wins in …
Gazprom Neft Signs a USD 1bn Loan Agreement
Gazprom Neft signed a USD 1 billion term and revolving loan agreement with a group of banks. Funds available under the agreement are provided on an unsecured basis and shall be used for general corporate purposes of the company. The agreement comprises two loan facilities being an amortizing USD 700 …
Roxi Petroleum: Positive Tests At South Yelemes
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with interim results from the testing of Well 806, at its flagship BNG asset. Background Roxi has three wells at South Yelemes. Well 54 is a Soviet era well that was …
Max Petroleum: Spins Bit at Zhana Makat ZMA-E5
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ZMA-E5 development well in the Zhana Makat Field on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 885 …
Schlumberger Declares Quarterly Dividend
The Board of Directors of Schlumberger Limited (NYSE:SLB) today declared a quarterly dividend of $0.3125 per share of outstanding common stock. The dividend is payable on July 12, 2013 to stockholders of record at the close of business on June 5, 2013. Source
Weatherford Announces Director Nominees And Annual Meeting Agenda
Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) today announces its director nominees for 2013 and informs its shareholders of the agenda for the 2013 Annual General Meeting. Weatherford has nominated two new directors this year: Mr. John D. Gass and Mr. Francis S. Kalman. Mr. Gass is …
International Petroleum Limited: Update on Loan Facility
Further to the announcement made on 5 April 2013, International Petroleum Limited (International Petroleum or the Company), advises its shareholders that it has not yet received the US$15million loan funds from the unrelated third party pursuant to the loan facility (Loan). The Company is in discussions with the lender in respect …
Suzunskoye Field Reserves Increase by 15% Following Additional Exploration
Recoverable reserves of Suzunskoye field increased almost 15% reaching 44.9 mln tonnes of oil. Revaluation was conducted after drilling of an additional well, which gave flow rate of 281 tonnes per day. Supplementary exploration was conducted after specialists of Tyumen Oil Scientific Center thoroughly researched geological peculiarities of Suzunskoye field …
Yamal Oil and Gas 2013
On 23-24 May 2013 the city of Salekhard will host the key oil and gas event in the Yamal region, the II International Conference Yamal Oil and Gas 2013. The event gathers federal and regional government, top managers of Russian and international oil and gas companies, leading technology and equipment …