Rosneft and General Electric Sign Long-Term Power Service Contract
Rosneft and General Electric (GE) have signed a contract to service five 6FA packaged gas turbine units. These units are to be supplied by GE under an agreement signed in June for the thermal power plant at the Eastern Petrochemical Company, which is currently under construction by Rosneft. Igor Sechin, …
BP Reports Strong Third Quarter Results, Raises Dividend
BP today announced its financial results for the third quarter of 2012, reporting underlying replacement cost profit, adjusted for non-operating items and fair value accounting effects, of $5.2 billion. It also announced an increase in its quarterly dividend to 9c per share – an increase of 12.5 per cent – …
Roxi Petroleum plc: Update on BNG / KNOC farm-out
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that representatives from the existing participants in the BNG licence and KNOC have agreed well locations and secured a rig to commence drilling in December 2012. Well locations The main focus …
Contest announced to choose best name for gas trunkline system from Yakutia and Irkutsk Region to Vladivostok
Gazprom announces a contest for the best name of a gas trunkline system that will convey gas from Yakutia and the Irkutsk Region to Vladivostok via Khabarovsk. You are welcome to send your suggestions and contact information to pr@gazprom.ru. The contest results and the winner name will be posted on Gazprom’s website before the year end. Source
Minister of Natural Resources and Ecology of the Russian Federation Visited Tatneft
Sergey Donskoy, Minister of Natural Resources and Ecology of the Russian Federation, visited OAO TATNEFT in the frame of his two-day working visit to the Republic of Tatarstan. During his stay in Tatarstan Minister of Natural Resources and Ecology met with Rustam Minnikhanov, President of the Republic of Tatarstan. Ildar …
Rosneft Completes Construction of Social Facilities in Neftekumsk, Stavropol Region
Rosneft President and Chairman of the Management Board Igor Sechin took part in a ceremony celebrating the commissioning of a number of social facilities in Neftekumsk in the Stavropol region. Construction work is now complete on a regional health centre and block of apartments, while secondary school No. 3 has …
Varel International Energy Services Achieves Significant Global Expansion Milestones
New State-of-the Art Bit Plant in Russia Boosts Global PDC Production Varel International and NewTech Services (NTS) launched one of the most modern PDC plants in the world in August with the opening of a joint venture state-of-the art drill bit manufacturing plant in Kurgan, Russia. The new facility is …
Red Mountain Energy To Participate In OGT 2012 Exhibition
Red Mountain Energy will take part in OGT 2012, the 17th International Oil & Gas Turkmenistan Exhibition to be held on 14-16 November 2012 at the Ashgabat Exhibition Place Complex. There will also be an Oil and Gas International Conference at the same time as the Exhibition, and the two events …
Gazprom and Serbia sign final investment decision on South Stream
A Gazprom delegation led by Leonid Chugunov, Head of the Company’s Project Management Department paid a working visit today to the Republic of Serbia. As part of the visit the general shareholders meeting took place at South Stream Serbia AG, the joint project company of Gazprom and Srbijagas. The meeting adopted the final investment decision on the South Stream project. “A year ago …
TNK-BP Announces Appointment of New Top Managers in Upstream and Downstream
TNK-BP announces that it has been joined by Johan van Scherpenzeel and Andrey Mukhachev who previously held managing positions in major international oil and gas companies. Johan van Scherpenzeel has been appointed Vice President, Operations, Downstream. In that position, he will lead and manage the oil refining segment of the …