With the Closing of the Acquisition of Fugro’s Geoscience Division, CGG Makes Announcement
A New Identity for the Group1 The Transformation of CGG into a Leading Integrated Geoscience Group A Three-Division Organization The creation of the Joint Venture “Seabed Geosolutions” CGG announced today that the main agreements needed to close the acquisition of Fugro’s Geoscience Division have been signed. The effective date of …
Bashneft opens a new oil field in western Bashkortostan
Bashneft opened a new oil deposit located in Khasanovskoye license area which was named after Vladimir Afanasyev, former chief geologist of Bashneft. Recoverable С1+С2 reserves at Afanasyev field were estimated at 3.8 mln. tons (including С1 – 0.6 mln. tons, С2 – 3.2 mln. tons) following the testing of two …
Bashneft proven reserves replacement rate amounted to 123.4% in 2012
Bashneft announces results of the regular independent oil reserves audit held by Miller and Lents, Ltd. under PRMS (Permanent Resources Management System) JSOC Bashneft oil reserves as of December 31, 2012* As of 31.12.2011 As of 31.12.2012 Change from 2012/2011 Proven reserves, mln. bbl. 1 983,5 2 006,8 1,2% Probable …
Rosneft Begins Euro-5 Diesel Sales
Rosneft has started shipping Euro-5 compliant winter diesel to Moscow, the Bryansk, Smolensk, Archangelsk, Murmansk regions and the Krasnodar territory. The fuel will be marketed through the Company’s own distribution network. The production of Euro-5 diesel fuels at the Novokuibyshevsk refinery became possible thanks to a large-scale investment program being …
TNK-BP to Invest $60 Million in Construction of Hydrocarbons Sulfur Removal Facility at RORC
TNK-BP reports that it will invest over $60 mln in the construction of a hydrocarbons sulfur removal facility at CJSC Ryazan Oil Refinery Company (RORC, part of the TNK-BP Group). The facility is planned to be commissioned in 2015. The construction is part of a large-scale program to upgrade RORC …
Eurasia Drilling Confirms as Gold Sponsor for the 1st Russian Drilling Contractors Roundtable
Eurasia Drilling has confirmed their participation and their Gold sponsorship for the Drilling Contractors Roundtable. The event to be held on the 11th of April and will see Russia’s drilling contractors discuss their capital equipment needs and solutions with the leading domestic and international equipment providers. To see more information …
BP Targets 2018 for the First Gas From Shah Deniz II
British major BP said it is targeting 2018 for the first gas from the second phase of Azerbaijan’s Shah Deniz gas project, a major development aimed at reducing European dependence on Russia for its energy supplies. Output from Shah Deniz II is expected to reach 16 billion cubic metres (bcm) …
Alexey Miller: we place higher demands on pipes for South Stream and Power of Siberia
The Gazprom headquarters hosted a regular meeting of Alexey Miller, Chairman of the Company’s Management Committee and heads of Russian pipe manufacturing companies. Alexey Miller Enlarge photo (JPG, 1 MB) Taking part in the meeting were Deputy Chairmen and Members of the Gazprom Management Committee, heads of the Company’s specialized …
Eriell Group Drills 29 Additional Wells for Achimgaz
ERIELL Group started drilling 29 additional wells in the Urengoi Oil and Gas Condensate Field, within the framework of a new agreement with CJSC Achimgaz. ERIELL Group is the general contractor and provides the services on a turnkey basis. The agreement includes the construction of directional production S-shaped wells in …
Tatneft Has Increased Collection and Processing of Petroleum Gas
“Tatneftegazpererabotka” Administration (UTNGP) of the JSC TATNEFT collected 843.5 million m3 of associated petroleum gas for the year 2012, which was 53.1 million cubic meters more than in 2011. Processing of the petroleum gas in the past year amounted to about 753,810,000 m3, which was 43.0 million m3 more than …