Weatherford’s Second Quarter Figures Highest in Company’s History
Weatherford International Ltd. today reported preliminary second quarter 2012 earnings before income taxes of $205 million, or $276 million after excluding pre-tax losses of $71 million. The excluded items were: A $100 million charge representing management’s best estimate of a potential settlement with the U.S. government related to its investigation …
Board of Directors of Lukoil Approves the Company’s Management Committee Members
The Board of Directors of OAO LUKOIL held a meeting today in Moscow to resolve a number of issues related to corporate governance. Among other things, the following members of the Management Committee were approved: Name Position 1. Vagit Alekperov President 2. Anatoly Barkov Vice-President, General Affairs, Corporate Security and …
BP Confirms Rosneft Sale Talks
BP today confirmed it would begin negotiations with Rosneft for the potential purchase of BP’s shareholding in TNK-BP. BP also confirmed that while conducting parallel discussions with Rosneft and any other interested parties, it will negotiate in good faith with Alfa Access-Renova in accordance with its legal obligations. BP welcomed …
ION Launches Calypso Seabed Seismic System
New System Doubles Operating Depths and Productivity ION Geophysical Corporation (NYSE: IO) today announced the launch of CalypsoTM, its next generation redeployable seabed acquisition system. Leveraging ION’s industry-leading VectorSeis® digital sensors to deliver the same unrivaled broadband imaging, Calypso is designed to operate at twice the depth and to deliver …
ION Launches WiBand
New Data Processing Technique Provides Broadband Results for Conventional Streamer Data ION Geophysical Corporation (NYSE: IO) today announced that its GX Technology data processing group has introduced a seismic data processing technology that delivers broadband results for conventional “flat” streamer data. Known as WiBandTM, this new technology delivers superior high …
TNK-BP Shared Its Experience in Automation of HR Activities with Leading Experts
At the SAP summit of SNG dedicated to management of human resources, TNK-BP reported about successful implementation of a performance improvement program of its Human Resources Division through automation of standard processes. TNK-BP presented a program for unification of basic human resources management processes to HR specialists and directors. The …
Rosneft has informed BP of Rosneft’s interest in a potential acquisition of BP participation in TNK-BP
Rosneft announces that, in connection with BP’s recent statements regarding its intention to pursue a potential sale of its participation in TNK-BP, Rosneft has informed BP of Rosneft’s interest in a potential acquisition of such participation. As a result, the parties agreed to commence negotiations on this matter and signed …
CGGVeritas Announces Strategic Alliance with SMNG for Marine Acquisition
CGGVeritas announced today the signature of a framework agreement with JSC SEVMORNEFTEGEOFIZIKA (SMNG) to form a strategic alliance. Together, CGGVeritas and SMNG intend to jointly address the growing Russian and CIS high-end seismic vessels market and coordinate their complementary capacities worldwide. SMNG is the largest marine geophysical company in Russia …
Exillon Energy: Strikes Water Free Production at EWS I – 52
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce the following drilling update. Well East EWS I – 52 was spudded on 18 June 2012 and drilled in 19 days on the northern …
Rosneft and Eni Sign Agreement to Finance Geological Exploration Works at Three Offshore Russian License Blocks
Rosneft and its subsidiary Val Shatskogo have signed an agreement with Eni Energy Russia B.V. to finance geological works at three offshore Russian license blocks: the Fedynsky and Central Barents blocks in the Barents Sea and the Western Chernomorsky block in the Black Sea. Under the agreement, Eni will fully …