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Modernization of oil and gas refining facilities will be discussed in Moscow September 18th Annual international conference “Modernization of oil and gas refining facilities” (Neftegazopererabotka- 2012) will be held September 18th in Radisson Slavyanskaya Hotel. The key issue to be discussed at the conference “Neftegazopererabotka” is modernization of the oil-refining …

Important new science added for exploration, development and production workflows, and enhanced enterprise knowledge management for more productive analysis Schlumberger today announced the release of the Petrel* 2012 E&P software platform delivering integrated analysis from exploration to production. The 2012 release strengthens integration between geophysics, geology and reservoir engineering, including …

National Oilwell Varco, Inc. and Robbins & Myers have entered into an agreement under which National Oilwell Varco will acquire Robbins & Myers, Inc. in an all cash transaction that values Robbins & Myers at approximately $2.5 billion. Under the agreement, Robbins & Myers’ shareholders will receive $60.00 per share in cash in return for each of the approximately 42.4 …

Tengizchevroil, a joint venture between Chevron, KazMunaiGas, ExxonMobil and LukArco, has chosen TenarisHydril ER™ connections with Dopeless® technology on 13 3/8” casing for its developments in the Tengiz field in Western Kazakhstan The company decided to migrate from API BTC connections to ER™ Dopeless®connections due to the operational benefits, especially the simplicity of …

Lifting of a unique fractionator, which is a major unit of the combined hydrocracking installation, was carried out at the construction site of the oil refineries and petrochemical plants complex in Nizhnekamsk. Four heavy equipment units: two high pressure separators, an absorber and a circulating gas compressor separator for the …

Orenburgneft (part of the TNK-BP Group of Companies) has improved the efficiency of its well drilling operations by cutting $15 mln off drilling costs since 2010 through a skills enhancement program for technical specialists. TNK-BP is implementing an extensive program of further training for its technical staff. By continuously improving …

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it has entered into an agreement with Zhanros Drilling L.L.P., one of its drilling contractors, whereby Zhanros will fund up to US$7 million of drilling and workover services in exchange for ordinary shares in …

Allows operators to drill faster and farther, performs as well as oil-based fluid systems Baker Hughes has introduced the LATIDRILL™ water-based drilling fluid system to help operators enhance wellbore quality and increase drilling efficiency in extended lateral sections in unconventional shale plays. The LATIDRILL system is more environmentally favorable than …

One of the most effective ways to significantly increase the oil recovery rate and cost-effectively operate wells at the late stage of development at OAO TATNEFT is the technology of the formation hydraulic fracturing. The Company’s specialists have planned to perform 364 FHF operations in 2012 (320 in 2011 and …

Statoil has written off around 2 billion crowns ($336.2 million) of investment and handed back shares in Russia‘s Shtokman gas project after investors failed to meet a deadline for an agreement, but it has remained in talks over the project reported Reuters. Located in the freezing and stormy waters of the …