ТNК-ВР Agrees on the Way Forward to Better HSE Performance
ТNК-ВР key production asset managers and chief engineers from all the operational regions and HSE team leaders met in Orenburg to discuss HSE Excellence Strategy. TNK-BP is committed to further raising the performance bar for corporate HSE processes as one of its key priorities. The Company invests millions of dollars …
ТNК-ВР Strikes Oil in Malouimskoye Discovery in Uvat
ТNК-ВР has discovered a new Malouimskoye oil field with about 5 million tons of recoverable oil. ТNК-ВР has been implementing an organic production growth program to deliver annual 1-2% of incremental oil production, backed with hefty investments in development drilling, innovative enhanced oil recovery technology, and exploration. The program for …
Alliance Oil Wins Tender for 5 Exploration Licences in the Timano-Pechora Region
Alliance Oil has been awarded 5 exploration licenses in Timano-Pechora: Fakelniy, Beluginskiy, Nireiskiy, Nadezdenskiy and North-Tabrovoyahinskiy, by Federal Agency Rosnedra. All 5 license blocks are located in the Timano-Pechora region in Northern Russia close to the Company’s existing operations and covers an area of 2,740 square kilometers The license blocks’ …
December 6the prospects of the Russian suppliers for oil and gas shelf will be discussed in Moscow
The Government of the RF obliged in its order № 443-р d.d. to form strategy of localization of the equipment production and development of oil and gas sector for projects offshore by November 20th 2012. December 6th the VIIth International conference «Oil and gas shelf contracting» (Neftegazshelf-2012) will be held …
Cadogan Petroleum plc: Interim Management Statement for the period from 1 July to 16 November 2012
Financial position At 16 November 2012 the Group had current cash and cash equivalents of approximately $42.7 million. Operations The Group continued to operate safely and efficiently throughout the period. The Zagoryanska 11 well was spudded on 7 March 2012 and reached its 5,180m total depth on 21 July 2012. …
Weatherford Single-Joint Compensator
Weatherford’s single-joint compensator (SJC) is an innovative load-compensating device used to eliminate set-down weight from threaded connectors during makeup and thereby reduce the risk of thread galling and cross-threading. The SJC is also used to help the stabber align pipe vertically when Weatherford’s Stabberless system is not used. The SJC …
BP Announces Resolution of All Criminal and Securities Claims by U.S. Government Against Company Relating to Deepwater Horizon Accident
– Resolution of all criminal claims with Department of Justice includes $4 billion paid in installments over a period of five years – Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period of three years – Existing $38.1 billion charge …
Gazprom and Bulgaria sign final investment decision on South Stream
Led by Alexey Miller, Chairman of the Gazprom Management Committee, the Company’s delegation paid today a working visit to the Republic of Bulgaria. Alexey Miller and Mihail Andonov, Executive Director of Bulgarian Energy Holding signed a protocol of the Final Investment Decision on the South Stream gas pipeline construction in the Republic of Bulgaria. The document was inked in the presence of Bulgarian Prime Minister …
Alliance Oil Schedules Conference Call to Review 3Q 12 Results
Alliance Oil Company Ltd will publish the interim report for the third quarter and nine months of 2012 on Wednesday November 21, 2012 at approximately 7:30 CET. The Company has scheduled a conference call at 10.00 CET on Wednesday November 21. The conference call will be hosted by Arsen Idrisov, …
Tethys Petroleum Limited: Third Quarter 2012 Financial Results
Production Revenues Increase 46% GRAND CAYMAN, CAYMAN ISLANDS – Tethys Petroleum today announced its third quarter 2012 financial results. The results are highlighted by a 46% increase in production revenues over the third quarter of last year. RECENT FINANCIAL HIGHLIGHTS Q3 2012 vs Q3 2011 · Total Oil and Gas …