Slavneft Elects New Board of Directors
OAO NGK Slavneft’s shareholders elected the new Company’s Board of Directors at an Extraordinary General Shareholders Meeting on February 21, 2013. The new membership includes: 1. Vitaly V. Baranov – Deputy Chairman of the Management Board, Deputy CEO for Administration, OAO Gazprom Neft; 2. Dmitry S. Drobyshev – Director, Finance …
New Technologies Lift TNK-BP’s Oil Production by Roughly 2.3 Million Tonnes in 2012
TNK-BP announces that it achieved an overall increment of over 2 million tons in 2012 by deploying new oil production technologies – more than twice the figure for 2011. TNK-BP is consistently implementing a comprehensive program to enhance the efficiency of field development work in all its upstream assets. A …
Bashneft’s additional share issues are combined with the main issue
It is planned to start trading a combined share issue of JSOC Bashneft on the MICEX Stock Exchange before the end of February 2013. On February 21, 2013, the Federal Service for Financial Markets (FSFR) abolished individual registration numbers (codes) of JSOC Bashneft’s additional share issues after the three-month term from the date of state registration of the report on additional issues as of November 13, 2012, …
Russia Considers Relaxing Strategically Important Reserve Law
Russia, seeking to boost remote oil-rich territories, is looking at new laws to loosen state control of big fields and ensure explorers can keep their finds, its natural resources minister said on Friday. Russia’s oil industry, the world’s largest at 10.4 million barrels per day of production in 2012, is …
Rosneft and Eni Sign Agreement to Develop Trading and Logistics Opportunities
Rosneft and Eni agreed to strengthen their cooperation by signing a strategic agreement to develop trading and logistics opportunities. The agreement was signed on February 23 in Rome by Igor Sechin, Rosneft President and Chairman of the Management Board, and Marco Alverà, CEO of Eni Trading & Shipping (ETS). The …
Max Petroleum: Strikes Hydrocarbons at ZMA-A20, Zhana Makat
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA-A20 development well in the Zhana Makat Field has successfully reached a total depth of 924 metres, encountering hydrocarbons in Necomian and Jurassic sandstone reservoirs in line with expectations. The Company plans …
Gazprom adopts final investment decision for Vladivostok–LNG project
The Gazprom Management Committee approved the Investment Rationale for LNG plant near Vladivostok. The Investment Rationale will lay the foundation for generating the project documentation. In this way, the Vladivostok-LNG project entered the investment stage. As part of the Vladivostok-LNG project a liquefied natural gas (LNG) plant will be constructed on the Lomonosov Peninsula (Perevoznaya Bay). The plant will have …
New Technology Solutions Allow TNK-BP to Increase Pumping Equipment MTBF to Record 662 Days
ТNК-ВР is improving production performance by implementing the best technology solutions for projects. The Company held the VI Scientific and Technical Conference devoted to artificial lift issues in the city of Nizhnevartovsk. Over 200 people took part in the conference – representatives of ТNК-ВР, equipment manufacturers, service companies, and …
TNK-BP Improves the Efficiency of Industrial Safety System Jointly with Contractors
TNK-BP informs that it works with its contractors to improve the industrial safety performance on its sites through the implementation of the single workforce concept. Development of TNK-BP’s industrial safety system, efficiency improvement of the existing HSE tools and introduction of new ones were the main topics of the …
Rosneft Head Visits Japan as Part of Working Trip to Asia-Pacific Region
On 20 February Rosneft President and Chairman of the Management Board Igor Sechin completed a working visit to Japan during which he held talks with the management of a number of Japanese companies, including Marubeni, INPEX, Itochu, JAPEX and SODECO. The parties discussed the prospect of involving Japanese companies in …