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Caspian Oil and Gas: Oil Revenues Up but Losses Widen

Caspian Energy Inc. announced today its financial results for the three and six months ending June 30, 2012. Its unaudited condensed interim consolidated financial statements for the quarter and related management’s discussion and analysis have been filed with Canadian securities regulatory authorities and are available for viewing at www.sedar.com. Operational …

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BP Service Stations Now Accepting Payment by Visa payWave in Moscow and Moscow Region

TNK-BP announces that BP-branded service stations in Moscow and Moscow Region have begun accepting payment via the contactless Visa® payWave system. The stations have already successfully introduced contactless payments using the MasterCard PayPass system. It has now become even easier to buy high-quality branded fuel and accessories at BP’s service …

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The Personnel Training System at OAO TANECO Was Highly Appraised

The personnel training system established at OAO TANECO based on the successful experience of OAO TATNEFT was highly appraised by the Department Director of the Ministry of Education and Science of the Russian Federation. A visit of Nataliya Zolotareva, Director of the Department of the Ministry of Education and Science …

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Jonathon Hammil Re-signs for Sepura

Sepura is delighted to announce that Jonathan Hamill has returned to the company to take on the position of Regional Director, UK, Ireland and covert specialist solutions sales. Following a successful transition from a serving officer in the Durham Constabulary to the senior commercial positions held at Sepura from 2007 …

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Gazprom Neft secures 10-year EUR 258 million loan

Gazprom Neft has reached an agreement with a group of international banks to take out a EUR 258 million, 10-year syndicated unsecured loan facility supported by an export credit agency. The proceeds will be used for the purchase of equipment and services to upgrade oil refinery of NIS , Gazprom Neft’s Serbian …

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PetroNeft Resources: Production at 2,000 bopd, Arbuzovskoye to get 10 New Wells

PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to provide an update on its operations. Highlights: Drilling of new production wells commences at Arbuzovskoye Two Lineynoye wells converted to water injectors for planned pressure support Production stable at 2,000 bopd Benefit …

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Venezuelan Delegation Visited Tatneft

Hugo Jose Garcia Hernandez, Ambassador Extraordinary and Plenipotentiary of the Bolivarian Republic of Venezuela in the Russian Federation, and Hoglis Martinez, Minister-Counsellor for Energy, visited TATNEFT Company on August 9, 2012 as part of their working tour of the major industrial enterprises of Tatarstan. The visit began with a tour …

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GE Signs Agreement to Acquire Naxys, a Norway-Based Supplier of Leak Detection and Condition Monitoring Sensors for Subsea Applications

GE announced it has entered into an agreement to acquire Naxys, a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology. The acquisition, which is subject to regulatory approval and other customary closing conditions, further expands GE’s monitoring and sensing solutions and will be part …

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Alliance Oil Company: Operational update for July 2012

Alliance Oil Company’s average daily oil production for July 2012 amounted to 53,732 bopd. In the first seven months of 2012, oil production totalled 11.7 mbbl compared to 9.2 mbbl in the same period in 2011. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 83,643 bopd in July 2012. In the first seven months …

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TNK-BP Held Transportation Safety Forum with Participation from Contractors and Russian Companies in Fuel and Energy Industry

TNK-BP held a Transportation Safety Forum, where the company shared its experience in implementation of best practices with contractors, experts, government authorities and Russian companies in fuel and energy industry. More than 70 specialists and experts took part in the Forum, representing leading global oil servicing companies working with TNK-BP, …

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