Bashneft’s Meeting of Shareholders elects a new membership of the Board of Directors
The Extraordinary Meeting of Shareholders of JSOC Bashneft convened today in Ufa made a decision to increase the number of members of the Company’s Board of Directors from 10 to 12 and elected a new Board membership which includes the following persons: Vitaliy Artuykhov Alexey Buyanov Charles Watson Randall Gossen Peter Jacob Goedvolk Alexander Goncharuk Mikhail Gutseriev Sergey Drozdov Felix Evtushenkov …
West Qurna-2 Field: Lukoil Signs Supplement Agreement to Service Contract
Vagit Alekperov, OAO LUKOIL President, and the authorized representatives of the Iraqi state-owned companies, North Oil Company and South Oil Company, signed a Supplement Agreement to the Development and Production Service Contract related to Iraq’s West Qurna-2 field, in Baghdad today. The Supplement Agreement puts on record the transfer to …
Tatneft: Ecology Is under Control
The specialists of the JSC TATNEFT performed a considerable amount of work in 2012 to improve the environmental safety of crude oil production facilities. At 2012 year end the JSC TATNEFT produced 947.5 km of corrosion resistant pipes and 6,159.6 tons of corrosion inhibitors. 968 wells were equipped with cathodic …
The Chemical EOR Alliance Files a Genuine Formulation Patent Covering Improved Foaming Formulations for Gas Enhanced Oil Recovery
The Chemical EOR (Enhanced Oil Recovery) Alliance, a partnership among Solvay, Beicip-Franlab and IFPEN, announced today the design of a new performance solution that provides improved foam stability in gas mobility control processes. The new solution delivers a more robust and reliable formulation in oil, lower adsorption properties and increased …
Gazprom Financial Results: Sales Up in EU, Prices Up and Profits Down
OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2012. Net sales of gas decreased by RUB 157,934 million, or 8%, to RUB 1,829,396 million in the nine months ended September 30, 2012 compared to the nine months ended September …
Exillion Energy plc: TR-1: Notification of Major Interest in Shares
For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii Exillion Energy 2 Reason for …
TNK-BP Lifts Uvat Oil Reserves to 22.6 Million Tons in 2012
TNK-BP announces that LLC TNK-Uvat (a subsidiary of TNK-BP) boosted oil reserves in the fields of its Uvat project by 22.6 million tons in 2012 through an efficient program of exploration activities. TNK-BP is implementing a comprehensive program to build its resource base, including by incrementing reserves at new …
Rolls-Royce Wins $75M Contract to Strengthen Role in China’s Energy Infrastructure
Rolls-Royce, the global power systems company, today announced a $75million contract to supply PetroChina with equipment and related services to power the flow of natural gas through Line 3 of the West-East Pipeline Project (WEPP), the world’s longest pipeline and a crucial element of China’s drive towards cleaner energy consumption. …
Russian Contract Win for Aberdeen Energy Consultancy
Global energy consultancy, MSE (Consultants) Limited, have announced a significant contract win in Russia. The agreement, with TNK-BP Group Company, CJSC Rospan International (“Rospan”), will see the firm carry out an integrated asset modelling project to develop and optimise production facilities within the Vostochno-Urengoiskoe and Novo-Urengoiskoe licence areas. Rospan is …
Graco Launches New Coating Application Equipment for Passive Fire Protection
Graco is pleased to release new equipment designed to spray coatings for passive fire protection (PFP). Epoxy intumescent coatings are designed to protect steel from critical temperatures when exposed to hydrocarbon and cellulosic fires. Critical applications require technology that delivers quality results and ratio assurance for applicators, clients, and material …