Bashneft completes the establishment of an oilfield service holding company
Bashneft has completed the establishment of an oilfield service holding company on the basis of LLC Bashneft-ServiceAssets, its wholly owned subsidiary. The Chairman of Bashneft’s Board of Directors Felix Evtushenkov has headed the Board of LLC Bashneft-Service Assets; Kamil Zakirov has been appointed General Director of the company. The oilfield service holding company managed by LLC Bashneft-Service Assets comprises 11 oilfield service organizations with market …
Exillon Energy: Board Response to Shareholder Requisition
As previously announced, Worldview Capital Management, the manager of a Cayman-registered fund which beneficially owns a stake in Exillon Energy plc, has requisitioned an EGM to vote on a number of proposals to change Exillon’s Board. · The Board recommends Shareholders VOTE AGAINST ALL of the Worldview proposals at the …
GE Launch Addressable Downhole Switch – ADS
The Addressable Downhole Switch (ADS) electrically connects or isolates the tool string beneath it, as instructed by the Addressable Downhole Switch Panel (ADSP). It provides a barrier to the accidental application of power to any tool located beneath it, and it can be integrated into a variety of toolstring configurations. …
Slavneft: C1 Reserves up by 21.2m Tons in 2012
In 2012, Slavneft managed to increase its C1 recoverable oil reserves by 21.2 mln tons. Over the reporting period, the Company’s subsidiaries produced 17.9 mln tons of oil. Therefore, hydrocarbon reserves replenishment at Slavneft’s license areas amounted to 118%. Total ABC1 remaining recoverable reserves on the books of Slavneft reached …
Technip Finalizes Two Agreements with Rostec to Address the Subsea and Onshore Markets in Russia
Technip announces that it has signed two agreements with State Corporation Russian Technologies (Rostec) during the official meeting between François Hollande, President of the French Republic, and Vladimir Putin, President of the Russian Federation, held yesterday in Moscow, Russia. The agreements aim at manufacturing flexible pipes and umbilicals in Russia, …
Smith Bits Introduces Stinger Conical Diamond Technology
Unique conical diamond element enhances PDC drill bits for improved drilling performance Smith Bits, a Schlumberger company, announced today the release of its Stinger* conical diamond technology. The Stinger polycrystalline diamond element enables high-point loading to fracture rock more efficiently during drilling for increased rate of penetration (ROP) and durability. …
Roxi Petroleum: First Pilot Production from BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with developments at its BNG and Galaz assets. BNG The Board is pleased announce the first pilot production from the South Yelemes field in the BNG Contract Area. Background Roxi has …
Max Petroleum: NUR-1 License Extension
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the Ministry of Oil and Gas of the Republic of Kazakhstan (“MOG”) has advised the Company that it will provide various regulatory approvals for the Blocks A&E Licence in Western Kazakhstan …
TNK-BP to Invest $64 Million in Drilling Program Expansion in KhMAO in 2013
TNK-BP informs that it will invest approximately $64 mln in the expansion of its drilling program at Varyoganneftegaz sites in 2013. TNK-BP has been implementing a strategy of introducing new technological solutions to stabilize production at the Company’s brownfields in West Siberia. By 2016, the Company will invest the …
Suppliers of the following companies: Rosneft, TNK-BP, Gazprom neft, Transneft, Surgutneftegaz, Tatneft, Bashneft will meet for a discussion with contractors March 14th
March 14th on the annual eighth conference “Supply chain in the oil&gas complex” (NEFTEGAZSNAB-2013) suppliers of some companies: Rosneft, TNK-BP, Gazprom neft, Transnet, Surgutneftegaz, Tatneft, Bashneft will meet contractors. Conference NEFTEGAZSNAB held in InterContinental Moscow Tverskaya Hotel is regarded to be the biggest Russian event which gather heads of logistics …