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Alexander Novak pledges Russian Government will be open to foreign investment The Russian Government is considering a range of measures to provide greater opportunities for foreign investment in state-owned companies, it was announced today at the Gastech Conference & Exhibition in London. At a press conference during a specially arranged …

Robbins & Myers, Inc. and National Oilwell Varco, Inc. announced today that they each had received a request for additional information and documents from the U.S. Justice Department (often referred to as a “second request”) in connection with the proposed merger transaction in which National Oilwell Varco would acquire all of the outstanding shares ofRobbins …

RHADIANT drilling fluid system formulated to maintain stable rheologies and thin filter cake to ensure quality reservoir characterization M-I SWACO, a Schlumberger company, today announced the release of the RHADIANT† ultra-high temperature non-aqueous drilling fluid system. This system eliminates drilling fluid product degradation, prevents wellbore control issues such as barite …

Rosneft and Gazprom have signed a cooperation agreement to create and jointly operate offshore field development infrastructure. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, and Alexei Miller, Chairman of the Management Board at Gazprom, in the presence of Russian Prime Minister …

Baker Hughes today announced the launch of a service that enables operators to design high-performing hydraulic fracturing fluids using produced and flowback water. The H2prO™ water management service integrates technical expertise with chemical and mobile mechanical treatment technologies to construct water that maximizes production, minimizes reservoir damage, and reduces fresh …

Schlumberger today introduced the Saturn* 3D radial probe as the newest module for the MDT* modular formation dynamics tester. With the Saturn probe, customers can now obtain pressure measurements and fluid samples where they were not previously possible due to reservoir conditions. “Customers expect Schlumberger to be able to fully …

Red Mountain Energy (RME) and COMPANIA GUATEMALTECA DE NIQUEL (CGN) have signed an agreement under which RME will supply the equipment for an air separation plant as part of a cryogenic plant for the production of liquid oxygen and nitrogen, within the framework of the FeNix project in Guatemala. The …

Schlumberger announced today the addition of the Litho Scanner* high-definition spectroscopy service to the Scanner Family* rock and fluid characterization services. The Litho Scanner service measures an enhanced suite of elements, including carbon, magnesium and aluminum, in real time to help provide a detailed description of complex reservoirs, including unconventional, …

The Baker Hughes AutoTrak™ Curve rotary steerable system has drilled more than two million feet in unconventional shale plays in only 18 months since the first test wells and six months since the system’s official commercial launch.   The convincing pick-up in footage drilled per month indicates the value this …

Saratov Oil Refinery informs that the refinery has resumed normal operations. Production and shipments to customers are being performed on time and without interruptions. OJSC Saratovnefteproduсt retail sites have sufficient stock of of all fuel types. Repair work is being continued at the refinery’s visbreaking unit where the fire took …