CGGVeritas Announces 2012 First Quarter Results: Revenues up 8% and Strong Increase in Backlog
CGGVeritas announced its non-audited first quarter 2012 consolidated results. All comparisons are made on a year-on-year basis unless stated otherwise. Revenue at $787 million up 8% Operating Income at $54 million Strong Increase in Group Backlog Positive Outlook for 2012 confirmed Effective January 1, 2012, CGGVeritas changed the presentation currency …
Victoria Oil and Gas Appoints Neil Kendrick to Director of Projects
Victoria Oil & Gas Plc, the AIM quoted oil and gas exploration and production company with assets in Cameroon and the FSU, is pleased to announce the appointment of Neil Kendrick to the management of VOG as Director of Projects with effect from 1st June 2012. Neil has held several senior …
M Squared Pioneers Laser Hydrocarbon Leak Detection Technology with Major Business Growth Fund Investment
Scottish technology company M Squared has pioneered a laser-based hydrocarbon detection and imaging system which could spot the tiniest of leaks on production platforms, pipelines and processing plant from hundreds of meters away . M Squared’s Firefly system constantly scans a selected area with laser beams. This active approach is …
Roxi Petroleum: 2011 Year Review
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, announces its preliminary results for the year ended 31 December 2011. Financial Highlights 2011 • Loss after taxation of US $ 9.4 million • Completion of US $ 50 million Galaz farm-out with LGI • Cancellation of …
Exillon Energy: Production up 55% and Oil Processing Unit Fully Operational
Exillon Energy plc, a London listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), today issues its Interim Management Statement and April Production Report. The financial and production data are for the period from 1 January 2012 to …
Rosneft and Statoil Agree on Joint Offshore Operations in the Barents Sea and Sea of Okhotsk
Rosneft and Statoil signed a cooperation agreement to jointly explore offshore fields in the Russian sections of the Barents Sea and Sea of Okhotsk. The agreement also covers Rosneft’s participation in the exploration of license blocks in the Norwegian part of the Barents Sea, as well as the possible acquisition …
Tatneft: Ecology Is under Control
Compliance with the environmental legislation at the facilities of OAO TATNEFT is ensured by the production and environmental control system (PEC) and environmental analytical control. For the first time in Russia the Company carried out research on the hygienic substantiation of maximum permissible concentrations of oil in the soil for …
TNK-BP Invests $40.4 mln in Modernization of Uvek Fuel Depot in Saratov to Minimize Environmental Risks
TNK-BP announces that it is investing $40.4 mln in the modernization of loading racks for filling rail cars with light oil products at the Uvek fuel depot in Saratov Oil Refinery (part of the TNK-BP Group of companies) to minimize the facility’s environmental impact. The Company is fully automating its …
Tatneft: Operation Results for April
Crude Oil Production OAO TATNEFT produced 2,128,087 tons of crude oil in April, while the production volume for four months amounted to 8,581,700 tons accounting for 56,819 tons increase versus 2011 (100.7%) with the above-the-plan production amounting to 187,498 tons (102.2%). The amount of 8,455,955 tons of crude oil was …
Gazprom and members of Japanese Parliament discuss prospects for gas supplies buildup
The Gazprom Export headquarters hosted today a working meeting of Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Director General of Gazprom Export with a parliamentary delegation representing the ruling Democratic Party of Japan, with Seiji Maehara, Member of the House of Representatives, Chairman of the Party’s Policy Affairs Research Council at the lead. The meeting addressed the current cooperation of Gazprom …