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Regular Meeting of TATNEFT’s Board of Directors Was Held

A regular meeting of the Board of Directors of JSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on February 28, 2013. The Board of Directors meeting summed up the results of JSC TATNEFT’s budget execution in January and approved …

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«Moscow Integrated Power Сompany» will be the General Partner of the MIEF-2013

JSC “Moscow Integrated Power Сompany” (JSC «MIPC») will participate in XI Moscow International Energy Forum “Russian Energy and Fuel Complex in the XXI century” (MIEF-2013) in the status of the General Partner. Andrey N. Likhachev (Head of «Moscow Integrated Power Сompany») will perform in the role of the chairman and …

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Gazprom and CNPC confirm intent to sign contract for Russian gas supply to China until late 2013

Beijing hosted working meetings of Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Jiang Jiemin, Chairman of the CNPC Board of Directors and Wang Dongjin, CNPC Vice President. Summer palace, Beijing, China Enlarge photo (JPG, 2 MB) Gazprom and CNPC agreed to step up the negotiations on Russian natural gas supply via the eastern route with a view …

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The Economic Effect of TNK-BP’s Energy Saving Program Exceeds $270 Million

TNK-BP summarizes the results of its energy saving program implementation in 2009–2012. The overall economic effect of the program over this period amounts to $270.5 mln. TNK-BP has been implementing a consistent strategy of power supply optimization through operational costs reduction, energy trading and captive power generation. The Company launched …

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Bashneft’s Board of Directors increases the number of members of the Company’s Management Board

The Board of Directors of JSOC Bashneft made a decision to increase the number of members of the Management Board from 12 to 14, and appointed Dmitry Panyukov, the Company’s Vice-President for Regional Sales, and Dmitry Ryabchenko, the Vice-President for Capital Construction and Logistic Support, to the Management Board. At the meeting, the Board of Directors also considered other issues and approved a number of transactions …

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Jupiter Energy: J-58 Flow Encouraging

The Board of Jupiter Energy Limited, the Kazakhstan-focused oil exploration and production company, is pleased to provide shareholders with a general operations update, including progress with the Company’s drilling campaign in the southern section of Block 31 where three wells (J-55, J-58 and J-59) have been drilled in recent months. …

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TNK-BP to Commission a 72 MW Gas Turbine Power Plant in KhMAO

TNK-BP informs about the start of precommissioning of a gas turbine power plant with a rated capacity of 72 MW in OJSC TNK-Nyagan. The Company invested 5 bn rubles in the construction project. Precommissioning is ongoing, the official start-up is planned for March 26.   The Company has been implementing …

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Results of the TATNEFT’s Resource Saving Program for 2012

The results of the second year implementation of the target-oriented program of JSC TATNEFT for resource conservation were summarized. The implementation of resource saving measures in 2012 actually resulted in the TATNEFT Group Companies saving 51.6 thousand tons of reference fuel. The main part of the saving falls on the …

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GE Launch Adressable Downhole Release Tool

The Addressable Downhole Release tool enables the wireline to be detached on command in the event that tools become stuck downhole. Once unlatched a standard fish neck allows the detached tools to be fished easily. The ADR reduces the risk of the wireline becoming stuck in the hole and allows …

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ABS Hosts Arctic Workshops

Industry experts share views on key Arctic R&D issues. ABS, the leading provider of classification services to the global offshore industry, continues to help industry push back the technology barriers to Arctic operations through a series of Arctic workshops that are defining the region’s most pressing research and development (R&D) …

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