KMG EP Appoints Abat Nurseitov as New Chief Executive Officer
JSC “KMG EP” announces that Abat Nurseitov has been appointed the General Director (CEO) by the Board of Directors. Abat Nurseitov previously worked as the Deputy General Director for Production. He has succeeded Alik Aidarbayev who resigned due to his appointment as Akim of Mangistau region. The newly appointed CEO …
Russia Explores Old Nuclear Waste Dumps in the Arctic
The toxic legacy of the Cold War lives on in Russia’s Arctic, where the Soviet military dumped many tonnes of radioactive hardware at sea. For more than a decade, Western governments have been helping Russia to remove nuclear fuel from decommissioned submarines docked in the Kola Peninsula – the region …
Overload Test for Liebherr Heavy Lift Crane
Currently the support vessel Caballo Marango is being equipped with a Liebherr heavy lift crane, type BOS 35000, in the port of Rostock. The overload test has now been carried out and the offshore crane successfully lifted 1,100 t which is 110 per cent of its maximum lifting capacity. The …
Alexey Miller: Cost Optimization in Gazprom Core Operations to Result in RUB 50 billion Savings in 2013
The Gazprom Management Committee Chairman Alexey Miller approved the Company’s Comprehensive Cost Optimization Plan for 2013. The document contains a comprehensive list of special-purpose measures aimed at reducing investment, operational and administrative costs of the Company, as well as provides for rigid control over expenditures and the implementation of the …
Eurasia Drilling Sees 50% Growth Potential in Horizontal Drilling in 2013
Eurasia Drilling expects sales to grow 12.5 percent to $3.6 billion this year as the largest Russian oil driller boosts lucrative “horizontal” projects. “The main reason is horizontal drilling, which should be up substantially,” Chief Financial Officer Richard Anderson said today by phone from Moscow. “The wells cost more.” Total …
Activity Results of the Tatneft’s Electronic Trading Platform
The E-procurement mechanism implemented in the JSC TATNEFT has become an operational tool to ensure the effectiveness of procurement procedures and tenders and expand the range of suppliers. In 2012 more than 5,700 supplier companies were registered in the electronic trading system of the Company. The Logistics Department of the …
Arctic Oil and Gas Conference Returns for 2nd Edition
The Arctic Region Oil and Gas Conference returns for its second edition on 26 – 27 February 2013 at the Clarion Hotel in Stavanger, Norway. The conference is expected to attract 100 local and international oil and gas professionals to discuss offshore Arctic activities, including oil and gas companies investing …
Igor Sechin Reports to Vladimir Putin on Rosneft Performance in 2012
Rosneft CEO Igor Sechin reported today to the President of the Russian Federation Vladimir Putin on Rosneft performance in 2012. In his report Igor Sechin noted that the Company tax payments to the budget amounted to 1.7 trillion RUR or 12% of all budget tax revenue. “Rosneft is actually the …
Rosneft Reserve Replacement Ratio Exceeds 130%, Hydrocarbon Resources Growth Nears 50%
Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. According to the results of an audit performed by DeGolyer & MacNaughton under the SEC life-of-field classification, as of December 31, 2012 Rosneft proven hydrocarbon reserves stood at 18,956 million BOE. That includes oil reserves of …
Tatneft Is Developing Energy-Efficient Technologies
TATNEFT Company introduces energy-efficient technologies allowing to reduce operating costs of using fuel and energy resources and materials. Among them there is the technology of hot separation developed by TatNIPIneft (RF Patent N.2412739) to provide own fuel gas for the plants. When developing fields in new areas operators face problems …