Arctic Tax Breaks Appearing from the Ice
The Russian State Duma has in a first reading proposed to abolish the property tax for all offshore Arctic gas projects. The tax reform, which is included in a legislative bill on offshore gas fields, comes after major pressure and long-dragged negotiations between Gazprom and government officials. As previously reported, …
Roxi Petroleum: Raises $40m USD in New Investment from Kairat Satylganov
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has entered into an agreement to raise $40 million from the issue of new Roxi shares. Mr. Kairat Alpamysovich Satylganov, a Kazakh investor, has agreed to subscribe for 355,165,716 …
New Non-Metallic Hardbanding Improves Wear Resistance In Non-Mag Applications
Hardbanding Solutions by Postle Industries has just introduced a new non-magnetic hardband which is said to dramatically improve wear resistance. The new hardband, called Ultraband™ NM, can provide up to 500% improved wear resistance over ordinary non-magnetic welding alloys such as 310 stainless steel. Additionally, it can provide up to …
Halliburton to Provide Solutions for Accessing TNK-BP’s Tight Oil Reserves in Russia’s Krasnoleninskoe Field
Halliburton will apply its technology and expertise in unconventional resources to develop TNK-BP’s assets previously considered uneconomical TNK-BP has selected Halliburton to provide an integrated services solution to increase production from the complex and challenging tight oil reserves in the Em-Yoga license area of Russia’s Krasnoleninskoe oil and gas field …
Max Petroleum Strikes 20 Metres of Pay at ESKN-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic …
Max Petroleum Completes Sberbank Credit Facility of $90m USD
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today it has completed the initial closing of its US$90 million senior credit facility with SB Sberbank JSC, allowing the Company to draw down up to US$60 million to repay US$47 million to …
DMT Strengthens Corporate Brand
DMT, the Natural Resources Division of the TÜV NORD Group, is implementing a uniform branding policy for its subsidiaries around the world. As part of the measures to strengthen the DMT brand, Petrologic Geophysical Services GmbH has been renamed DMT Petrologic GmbH with effect from 01.01.2013. Petrologic is well established …
KMG EP Complete $263m Share Buy Back Programme
JSC KazMunaiGas Exploration Production announces that on the 31 December 2012 the share buy back programme is completed. As announced earlier, the Board of Directors had approved the buyback programme of its common shares and global depositary receipts (GDRs) up to an aggregate value of US$300 million. During the whole …
Exillon Energy: December Production at 16,114 bbl
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of December 2012. · Our average daily production1 was 16,114 bbl/day during the period. · Average daily production …
Dmitry Lyugai put in charge of Gazprom’s Prospective Development Department
Dmitry Lyugai is put in charge of the Prospective Development Department of Gazprom. Dmitry Lyugai Enlarge photo (JPG, 1 MB) Dmitry Lyugai was born in 1962 in the Uzbek SSR. In 1984 he graduated with honors from Tashkent State Polytechnic Institute, majoring in Technology and Integrated Mechanization of Oil and Gas Fields. Dmitry Lyugai is a Doctor of Engineering (1999). His entire labor …