Bashneft initials the contract for exploration and development of Block 12 in Iraq
The Iraqi Ministry of Oil and the Consortium comprised of Bashneft (70%) and Premier Oil (30%) initialled the contract for geological exploration, development, and production at Block 12 today in Baghdad. The contract was submitted for approval from the Council of Ministers of the Republic of Iraq. The obligatory five-year geological exploration programme at Block 12 (which can be extended twice, …
Gazpromneft-Aero starts fuel deliveries for Emirates
Gazpromneft-Aero and Emirates have signed a long-term fuel supply agreement for all regular flights of the air carrier at Moscow Domodedovo airport on August 01, 2012. Currently, Gazpromneft-Aero supplies jet fuel for two daily flights on the route Moscow-Dubai, which are executed on Boeing 777-300ER. In December 2012 it is planned to start …
Baker Hughes Expands SmartCare Family of Environmentally Responsible Solutions
Rigorous qualification process improves confidence in selection of compliant chemical products Baker Hughes has added drilling and completion fluids, production chemicals, and additives used in cementing and stimulation operations to its SmartCare™ family of environmentally responsible solutions, becoming the first oilfield services company to apply a comprehensive standardized environmental assessment process …
Rosneft and ITERA Group Close Deal to Create Joint Venture to Produce and Sell Gas
Rosneft and ITERA Group have closed a deal to create a joint venture on the basis of ITERA Oil and Gas Company to produce and sell gas in line with the terms of a strategic cooperation agreement signed on 28 February 2012. Rosneft obtained 51% in the joint venture in …
TNK-BP Launches New TNK Avia Website for Jet Fuel Clients and Partners
TNK-BP announces the launch of the website of TNK Avia, the company’s jet fuel business. The website, www.tnk-avia.com, is primarily designed for clients and potential partners of TNK Avia, providing them with all the information they need for their operations in real time and enabling them to create a personal account …
Aker Arctic to Design the First Chinese Polar Research Icebreaker
A plan has been organized by State Oceanic Administration (SOA),China, Chinese Arctic and Antarctic Administration (CAA) and the Polar Research Institute of China (PRIC) to build an advanced new icebreaking research vessel to meet the increased need of polar scientific research. The new vessel will be equipped with advanced scientific …
GE Acquires PRESENS, Norway-Based Supplier of Industrial Sensors
• Deal Expands GE’s Portfolio of Measurement & Control Solutions • Companies Share a Commitment to Technology and Innovation GE today announced the acquisition of PRESENS, a provider of pressure, temperature and flow measurement solutions. The acquisition expands GE’s portfolio of sensing solutions and will be part of the company’s …
Varel International and NewTech Services Launch Russia’s Most Advanced Plant
Varel International and NewTech Services announce building completion and launch of their Polycrystalline Diamond (PDC) Drill Bit manufacturing plant located in Kurgan, Russia. Using the most advanced global technologies and tools this plant will be one of the most modern PDC plants in the world and the most modern in …
Tatneft Receives New Canadian Patent
Tatneft continues its work on legal protection of the Company’s developments abroad. The Company received patent № 2505412 in early July for the invention “Well Underreamer”. The present invention relates to devices for local well casing profile liners. The application of the device in the wells of OAO TATNEFT allows …
TGS Announces Q2 2012 Revenues of USD 215 Million and Increases Full Year Guidance
TGS reports net revenues of USD 215 million in Q2 2012, compared to USD 136 million in Q2 2011, a 58% increase. This is the highest quarterly revenues in the Company’s history. Investments were USD 162 million, up 162% from Q2 2011 2nd QUARTER HIGHLIGHTS Consolidated net revenues were USD …