Rosneft and ExxonMobil Sign Agreement For Western Siberia Tight Oil Pilot Project
Rosneft and ExxonMobil today signed a Pilot Development Agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia. The agreement was signed by Igor Sechin, president and chairman of the management board at Rosneft, and …
Duraband NC Hardbanding® Delivers Exceptional Wear Protection Without Casing Damage
Advanced drilling technology and economic pressures are pushing the envelope of drill string tool joint life, as well as casing wear. Hardbanding Solutions by Postle Industries has developed crack-free, casing-friendly Duraband® NC hardbanding alloy for the most reliable wear protection on drill pipe tool joints without damaging the casing. Duraband …
Gazprom identifies special-purpose company for developing Russian NGV market
Gazprom has identified Gazprom Gazomotornoye Toplivo as the company that will consolidate the Group’s assets related to the NGV fuel production and sales. Gazprom Transgaz Stavropol compressed natural gas filling station Enlarge photo (JPG, 2 MB) The main business lines of the new company include devising and implementing the marketing programs aimed at developing the CNG filling …
Rosneft and ExxonMobil Sign Agreement For Western Siberia Tight Oil Pilot Project
Rosneft and ExxonMobil today signed a Pilot Development Agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia. The agreement was signed by Igor Sechin, president and chairman of the management board at Rosneft, and …
Rosneftegaz Pays 50.2 Billion Ruble Dividend to Federal Budget
On 5 December, Rosneftegaz paid dividends for 9M 2012 of RUB 50.2 billion to the Russian federal budget. Rosneftegaz has fully complied with Russian Government directives and decisions taken within the Company at corporate level on the payment of dividends. Rosneftegaz’s dividends will provide for implementation of Russian Presidential Decree …
TNK-BP to Reinvest 2.3 bn Rubles of Tax Benefits in Oil Production Development in Orenburg Region in 2013
TNK-BP informs that OJSC Orenburgneft and LLC Buguruslanneft (part of the TNK-BP Group) gained the right to apply a reduced profit tax rate in 2013. The Company reinvests released resources in the amount of 2.3 bn rubles in the development of production assets in the Orenburg region. TNK-BP is implementing …
Cameron Russia wil participate as a sponsor of round-table meeting of RAO / CIS Offshore 2013
Cameron has confirmed its participation as a sponsor of round-table “Underwater technology as an innovative guideline of science and engineering intended for development of oil and gas fields of the Arctic shelf”. Cameron is a permanent participant of RAO / CIS Offshore. Cameron is a leading provider of flow equipment products, …
Tatneft: 9 Month Financial Figures Released – Revenues and Profit are Up
The Company’s consolidated revenues in the nine months of 2012 were 471,504 million Rubles (US$ 15,161 million) as compared to 447,806 million Rubles (US$ 15,565 million) in the nine months of 2011. The consolidated net income attributable to Group shareholders in the nine months of 2012 was 60,665 million Rubles …
Gazprom successfully completes world’s first LNG supply via Northern Sea Route
The Ob River liquefied natural gas (LNG) carrier chartered by Gazprom Group successfully completed today the world’s first LNG supply via the Northern Sea Route (NSR). Enlarge photo (JPG, 196 KB) The carrier left the Port of Hammerfest (Norway) on November, 7 and arrived at the regasification terminal in the Port of Tobata (Japan) delivering a Gazprom Group-owned LNG cargo to Japanese consumers. Enlarge …
TNK-BP Expands Its In-House Training Program to Cover 17,500 Employees in 2012
TNK-BP informs that in 2012 it expanded its in-house training program aimed at efficiency improvement in the Company’s core activities, increasing the number of participants up to 17,500. The Company launched the in-house training program in all the TNK-BP Group companies in 2009 by establishing its unparalleled in-house trainers …