Proserv to expand through business venture with Weatherford International
Global-leading energy production technology services company Proserv is bolstering its rapidly-expanding subsea capabilities and specialist integrated services and increasing its workforce by more than 300 people. Proserv, which has operations globally, has agreed terms to assume Weatherford International’s subsea controls’ business, which specializes in subsea and topside communication and control …
Tesco and Schlumberger Enter into Definitive Agreement on Casing Drilling™ Division
Tesco Corporation and Schlumberger today announced that they have signed a definitive agreement for Schlumberger to acquire Tesco’s CASING DRILLING™ division for $45 million in cash. “Our CASING DRILLING™ division comprises some of our leading technologies, which Tesco has incubated for several years,” said Julio M. Quintana, chief executive officer …
Baker Hughes Launches New Electronically Actuated Casing Packer, Wireless Top Drive Cement Head
As operators look to reduce risk in harsh offshore environments, Baker Hughes’ newest technologies offer the latest solutions in long string, deepwater completions. The Baker Hughes ZX-e™ Electronically Actuated Casing Packer remotely creates a mechanical barrier to flow paths during wellbore construction, completion, production and abandonment operations, while a state-of-the-art …
Max Petroleum: 1st May Production Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on production. Asanketken The ASK-2 well in the Asanketken Field has begun testing in a Jurassic reservoir from depths between 1,302 and 1,305 metres, producing at a stable rate of 616 barrels of …
Dow Introduces NEPTUNE™ Advanced Subsea Flow Assurance Insulation System
-Sets new performance standards for subsea flow assurance insulation in offshore oil production pipelines -Proprietary new chemistry enables a complete wet insulation with the widest temperature range available today -Simple, two-layer system designed for use in all pipeline applications simplifies the application process and reduces room for error Dow Oil …
Cadogan Petroleum: Preliminary Results for the Year Ended 31 December 2011
Cadogan Petroleum plc is an independent oil and gas exploration, development and production company with onshore gas, condensate and oil assets in Ukraine. The Group has undergone significant management changes during the year, including the appointment of Zev Furst as Chairman and Bertrand Des Pallieres as Chief Executive Officer. Other developments during …
Rosneft Board Recommends Increasing Dividends 25% to 3.45 Rubles per Share
Rosneft’s Board of Directors convened a regular meeting on April 27, 2012 to consider issues relating to the Annual General Shareholders’ Meeting. The Board approved the following agenda for the shareholders’ meeting: Approval of the Company’s annual report Approval of the Company’s financial (accounting) statements, including profit and loss reports …
Tatneft Has Received 5,000th Patent
The innovators of TATNEFT commemorated the World Intellectual Property Day this year with registration of the title of protection for the result of intellectual activity. Russian Federation Patent No. 2446317 for the invention “Method of transportation of highly watered oilfield wells production” obtained by TATNEFT company has become the 5,000th …
Caspian Oil and Gas:Looking to Exit Kyrgyzstan
Perth-based exploration company Caspian Oil & Gas Limited reports its activities for the March 2012 quarter. Mailisu III # 6 has been re-entered and the stuck perforation guns were removed in April. The well is currently being tested and while oil has been recovered, acidisation will be required before …
Max Petroleum: NUR-1 Sidetracking Frees Stuck Tool
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The Company has successfully sidetracked the well around drilling tools that became stuck in early April. After setting intermediate …