Rosneft President Igor Sechin meets Eni CEO Paolo Scaroni
Rosneft President Igor Sechin and Eni CEO Paolo Scaroni have met in Rome to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea in the framework of the strategic cooperation agreement signed on 25 April 2012. The executives in charge …
TNK-BP: Bidding to Open this Week – Rosneft likely Suitors
Bidding will open this week for BP’s half of Russian oil company TNK-BP, with Rosneft seen as the likely winner of the British oil major’s stake in the fraught but lucrative joint venture reported Melissa Akin. BP has booked $19 billion (11.8 billion pounds) in dividends from its original investment …
Alliance Oil Acquires LLC “SN-Gazdobycha” and Expands Operations in Tomsk Region
Alliance Oil Company has signed an agreement to acquire 100% of the shares in LLC “SN-Gazdobycha” for 128 MUSD, which primarily will be funded from existing cash and from debt facilities. SNGD holds two gas licenses covering an area of about 1,323 square kilometers located approximately 55 kilometers west of …
Dockwise Ltd : Backlog Update, USD 56 million in New Contracts
DOCKWISE Ltd. today announces that it has been awarded 10 new contracts and contract extensions with a total value of USD 56 million. The bulk of the contracts were awarded shortly after Q3 close and are for execution in Q4 2012 and Q1 2013. The assignments include an extension on …
Tatneft: A New Oil Recovery Enhancement Technology
A technology of increasing crude oil recovery from the reservoir by injecting microgel polymer systems with surfactants (MGS-KPS technology) is being successfully applied at OAO TATNEFT. This engineering development of TatNIPIneft experts (part of the Company) was awarded the Grand Prix of the XIX-th International Exhibition “Oil and Gas. Petrochemistry …
Slavneft’s Subsidiaries Produced 13.4 mln tons of Oil over 9 Months of 2012
In January-September 2012, Slavneft’s Subsidiaries produced 13.4 mln tons of oil and 627.3 mln m3 of gas under the Business Plan. The oil production decreased by 0.8% and gas production increased by 0.7% as compared to the similar period of 2011. Over the period specified, 541.2 ths m of rock …
Weatherford Acquires Major Oilfield Assets in Western Siberia
Weatherford International today announced the finalized acquisition of Belorusskoe Upravlenie po Povysheniyu Nefteotdachi Plastov i Kapitalnomu Remontu Skvazhin (BUPNP & KRS). The enterprise is based in Nizhnevartovsk and its activities will be coordinated and managed by Weatherford’s Siberian division and its subsidiary entities. BUPNP & KRS, Open Joint Stock Company …
Baker Hughes Introduces REACH Series Subsurface Safety Valve Heavy-Sprung Closure System
Baker Hughes has introduced a new tubing retrievable, subsurface safety valve for ultra deep-set, deepwater and high pressure-high temperature applications. The new REACH™ subsurface safety valves can be set as deep as 20,000 ft (6096 m) and ensure fail-safe-closed operation using reliable, field-proven, heavy sprung closure technology. The new valve …
Liebherr-Werk Nenzing GmbH: First Heavy Lift Offshore Crane, CAL 64000, is Ready for Operation
The first CAL 64000-1500 Litronic®, a heavy lift offshore crane developed by Liebherr-Werk Nenzing GmbH, is now ready for operation. The crane is installed on the “Innovation”, a vessel belonging to HGO InfraSea Solutions, which was christened in Bremerhaven on 3rd September. With this new product Liebherr meets the increasing …
Max Petroleum: Strikes Dust at BSBNE-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E. The well reached a total depth of 1,328 metres without encountering producable hydrocarbons. The well will now …