TNK-BP to Invest $45 Million to Cut Emissions
ТNК-ВР will invest $45 million to revamp its flaring systems at the Ryazan Refinery (Ryazan Oil Refining Company, or RORC, part of TNK-BP Group). In 2012, the Company will spend $3 million with plans to ratchet it up to as high as $8.5 million in 2013. The program is …
December 6the prospects of the Russian suppliers for oil and gas shelf will be discussed in Moscow
December 6th the VIIth International conference «Oil and gas shelf contracting» (Neftegazshelf-2012) will be held in Moscow where practices of delivery commitment of the Russian industrial production will be discussed. Topics under discussion: – Strategies of localization of the equipment according to the order of the Government of the RF …
Exillon Energy plc: November Production Report
3 December 2012 – Exillon Energy plc (EXI.LN), a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of November 2012 (“the Period”). · Our average daily production[1] was 15,427 bbl/day during …
Regular Meeting of Tatneft’s Board of Directors
A regular meeting of the Board of Directors of JSC TATNEFT, chaired by RN Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk (Republic of Tatarstan) on November 30, 2012. The meeting reviewed the budget execution of JSC TATNEFT during ten months of 2012, approved the budget for …
NIS Acquires OMV Petrol Stations in BiH
Today in Belgrade the company NIS has signed the contract on acquisition of 100 percent ownership of the company OMV BH d.o.o , owing to which NIS shall acquire a network of 28 petrol stations which are currently owned by the mentioned OMV subsidiary in Bosnia and Herzegovina. OMV network currently has an 8 …
Polarcus Receives First-Ever Level 1 Triple-E Rating
Polarcus has today received the world’s first-ever DNV Level 1 Triple-E rating. The official declaration was handed over to Polarcus CEO, Rolf Rønningen, and Polarcus SVP Marine Acquisition, Duncan Eley, by DNV during a client seminar held in Stavanger, Norway on 28 November 2012. Triple-E is a voluntary environmental rating …
SPD Maximizes Efficiency of Salym Oil Fields Development
On November 26, Supervisory Board of Salym Petroleum Development N.V. (SPD) approved the go ahead for a pilot on using new technology that enables to enhance oil recovery by chemical flooding with ASP. The ASP field pilot will be undertaken in the Salym group of fields in Western Siberia in …
LUKOIL net income reached $8.3 billion in nine months of 2012, free cash flow amounted to $4.8 billion
LUKOIL has published consolidated US GAAP financial statements for the third quarter and nine months of 2012. The Company’s net income was $8,316 million in nine months of 2012, which is a 7.7% decrease y-o-y. In the third quarter of 2012 net income was $3,509 million, which is a 245% …
Rosneft President Igor Sechin Meets with Khabarovsk Region Governor Vyacheslav Shport
Rosneft President Igor Sechin held a working meeting with Khabarovsk Region Governor Vyacheslav Shport on 30 November 2012 as part of an extraordinary general meeting of Rosneft shareholders in Khabarovsk. The regional governor thanked Mr Sechin for Rosneft’s considerable contribution to developing the region’s economy and social environment. Mr Shport …
Rosneft Concludes Cooperation Agreement with Russian Far East Development Ministry
Rosneft has signed a cooperation agreement with the Ministry for the Development of the Russian Far East. The agreement was signed by Rosneft President and Chairman of the Management Board Igor Sechin and Viktor Ishayev, Presidential Plenipotentiary Envoy to the Far East Federal District and Minister for Development of the …