TNK-BP Announces Discovery of New Fields in Orenburg Region
TNK-BP announces the discovery of new oil fields in the Pokrovsko-Sorochinskiy and Radovskiy blocks, with estimated potential recoverable reserves of 4 million tonnes in the ABC1 category and 1 million tonnes in the C2 category. The future development plan for the new fields includes a detailed appraisal of the acreage …
TNK-BP invests $64M in production technology at Varyoganneftegaz brownfields in 2013
TNK-BP will investabout $64 million in 2013 projects to deploy new production technologies at Varyoganneftegaz(VNG)assets. TNK-BP has been consistently pursuing its strategy of applying new technology to stabilize production of TNK-BP brownfield assets in West Siberia. By 2016, the Company plans to invest around $170 million to implement an …
The plan for the “Moscow Annual Oil and Gas Conferences” for 2013
Moscow oil and gas conferences (NEFTEGAZSNAB, NEFTEGAZSTROY, NEFTEGAZOPERERABOTKA, NEFTEGAZSERVICE, NEFTEGAZSHELF) aim at widening cooperation of oilmen and gas workers with their contractors and suppliers. Representatives of great many companies will be moderating the conferences as speakers and experts, the ones from Gazprom, Transneft, LUKOIL, ТNК-BP, Rosneft, Surgutneftegas, RussNeft, Slavneft, Tatneft, …
Arctech Helsinki Shipyard to Build a 16 MW Icebreaker for the Russian Ministry of Transport
Arctech Helsinki Shipyard has been awarded a contract to build a 16 MW icebreaker for the Russian Ministry of Transport. The contract has been awarded together with OJCS Vyborg Shipyard. The total value of the vessel is about EUR 100 million. The project will start immediately and the vessel will …
Alliance Oil Wins Alfinski License
Alliance Oil won the auction for the Alfinski exploration and production license. The Company will pay approximately MUSD 0.5 for the license to be awarded by the Russian Federal Agency Rosnedra — The Alfinski license block is located in the Timano-Pechora region in Northern Russia close to the Company’s existing …
Cadogan Petroleum plc: Price Monitoring Extension
Today’s closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security’s closing auction call before the execution occurs. A …
Ryazan Refinery Invests $47 Million Into Hydrogen Production Plant
The Ryazan Oil Processing Company (ROPC, part of TNK-BP Group) is completing the construction of a 617 million m3/year hydrogen production plant. The total project investments are $47 million. The plant is scheduled for commissioning in the first quarter of 2013. This project is part of a massive ROPC refinery …
Tatnef Company Has Constructed an Oil Pipeline under the Kama River Bed
TATNEFT has put into operation a new pressure oil pipeline “Pervomaysky tank farm – “Naberezhnye Chelny” pumping station of NGDU “Prikamneft” having the designed throughput capacity of 1574.92 thousand tons of transported crude oil per year (135.0 tons per hour). The project is a single 7.88 km long pipeline consisting …
Rosneft and Saras Sign Agreement on Cooperation for the Purpose of Establishing a JV
On 15 December 2012, Rosneft and Saras S.p.A. executed an agreement setting forth their intention to create a 50/50 Joint Venture for processing crude oil and further sale of petroleum products. The agreement on cooperation was signed in Munich by Igor Sechin, President and Chairman of the Management Board at …
Max Petroleum: Interim Financials – Revenues Double with Production up 58%
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2012. A summary of the Group’s financial and operational highlights are as follows: Financial Highlights Revenue of US$49.2 million during the six months ended 30 …