Rosneft and ExxonMobil signed agreements expanding Western Siberia tight oil development and sealing ExxonMobil’s entry into the Arctic Research and Design Center for Offshore Development
Rosneft and ExxonMobil signed agreements for the joint development of several tight oil fields in Western Siberia and for ExxonMobil’s entry into the Arctic Research and Design Center for Offshore Development. The signing marks a further step in the implementation of the long-term Strategic Cooperation Agreement signed between the two companies …
Tatneft published its U.S. GAAP consolidated interim condensed financial statements for the first quarter of 2012
OAO Tatneft (the “Company”) announces today that it published on its web-site (http://www.tatneft.ru/eng) the unaudited interim condensed consolidated financial statements for the three months ended March 31, 2012 prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) (the “Financial Statements”) and related Management Discussion and Analysis of Results …
Cadogan Petroleum plc: Share Purchase Agreement
Share Purchase Agreement with Nadra Ukrayny and Eni S.p.A for the development of Unconventional Gas in Ukraine Cadogan notes the announcement made by Eni S.p.A this morning and confirms that it has entered into a share purchase agreement with Eni S.p.A and Nadra Ukrayny, for the development of unconventional gas …
Slavneft-Yaroslavnefteproduct held Annual General Shareholders Meeting
The Annual General Shareholders Meeting of ОАО Slavneft-Yaroslavnefteproduct was held on June 14, 2012. The shareholders approved the Subsidiary’s Annual Report, Balance Sheet, Profit & Loss Statement over 2011. It was resolved to pay dividends on the Subsidiary’s shares at 0.85 rubles per ordinary and preferred share and proposed to …
Oil & Gas Skills Body Reveals Extent of International and Domestic Growth as it Strives to Close New Skills Gaps
Over half a million offshore oil and gas workers in 40 countries are now trained to OPITO safety and competency standards. The industry-funded body which develops a sustainable, safe and competent workforce for the oil and gas sector today revealed a series of statistics which demonstrate the organisation’s transformation over …
Schlumberger Releases Industry-First Integrated Completion and Stimulation Design Software
Schlumberger announced today the release of the Mangrove* reservoir-centric stimulation design software that enables better decision making for well completion and fracturing programs. Developed on the Petrel* E&P software platform, Mangrove users can access the shared earth model to facilitate program designs for all types of reservoirs. “Economic development of …
TNK-BP Will Get an Effect of $11 Mln as a Result of Reducing Refinery Losses in 2012
TNK-BP reports that a positive effect of $11 mln is expected as a result of the long-term program for loss reduction at the Company’s refining assets in 2012. The Company has been consistently implementing projects aimed at enhancing refineries operational excellence along three key directions: reduction of irrecoverable losses and …
5,000,000 Tons of Oil Processed at TANECO
5,000,000 tons of Tatarstan’s oil have been used and processed since the start of the equipment comprehensive testing and commercial operation at the refinery of the TANECO NPiNHZ Complex. The following products were produced during this period: 1,959,423 tons of fuel oil, 1,462,399 tons of household fuel, 679,762 tons of …
Weatherford Rapid-Load Stuffing Box
Weatherford’s patented rapid-load stuffing box enables the operator toremove the packing cartridge before attaching the stuffing box to thelubricator, preventing manual-handling issues commonly found withconventional stuffing boxes. This feature allows the wire to run freelythrough the stuffing-box body, eliminating the awkward process of strippingthe wire through the packing stack. Its …
Weatherford WSMS/7X Wellsite Management System
WSMS/7X Wellsite Management System mPOD™ Model Gauge Surface Instrument Weatherford’s WSMS/7X wellsite management system is designed to optimize production-control assets and artificial-lift equipment based on ever-changing well conditions. Built-in applications minimize reconfiguration requirements, primarily for multiple-well configurations when used in conjunction with the mPOD model gauge.The WSMS/7X system logs and monitors downhole pressure …