Tatneft: Effective Ways of Corrosion Protection
OAO TATNEFT has been actively developing methods aimed at further improving the efficiency and reliability of the oilfield equipment operation. The leading specialists of TATNEFT Company have offered a new way of arranging the anode earthing. The existing anode bed installation technologies have a number of essential shortcomings that affect …
Gazprom reports its 2011 financial results under IFRS
On April 27, 2012 OAO Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2011. Sales (net of VAT and customs duties) increased by RUB 1,040,036 million, or 29%, to RUB 4,637,090 million in the year ended December 31, 2011 compared to the year ended December 31, 2010. More …
Alexander Fridman Leads Novatek Delegation at Neftegazstroy-2012
Alexander Fridman, Deputy Chairman of the Board of NOVATEK OJSC, will take part in the Second Annual Conference NEFTEGAZSTROY-2012, which is to be held on May 22 in the Radisson-Slavyanskaya Hotel. This event is supported by the Russian Ministry for Energy. The key topic to be discussed at the Conference …
Varyoganneftegaz to Perform Well Workover Program in 2012 to Increase Oil Production
Varyoganneftegaz (a member of the TNK-BP Group) will carry out a large-scale well workover program in 2012 with an effect of production growth by more than 1 mln tonnes, which is 25% higher than the same figure of 2011. The company plans to reactivate idle wells and improve active well …
Tatneft’s Board Discuss the 2011 Results
A regular meeting of the Board of Directors of OAO TATNEFT was held in Kazan (Tatarstan) on April 26, 2012. The Board of Directors discussed the results of the Company’s budget execution for three months of 2012 and approved the budget for May. The Board of Directors discussed the results …
Lukoil starts active development at the West Qurna-2 field in Iraq
LUKOIL started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq today. Abdel Karim al-Luaibi, the Iraqi Oil Minister, and also the heads of the Basra province, Iraq’s South Oil Company, LUKOIL Overseas and of the major contractor …
Standards Leadership Council – What is it, Can you help?
What Is The Standards Leadership Council? Earlier this year, the executive leaders from each of the eight standards organizations most crucial to our industry met to form the Standards Leadership Council. Our objectives are simple. By working collaboratively, we want to: Identify areas of intersection to avoid creating duplicate or conflicting …
Gazprom: Itochu Corporation ready to expand cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Eizo Kobayashi, President and Chief Executive Officer of Itochu Corporation. The parties discussed the status of joint projects as well as possible ways and areas of the cooperation expansion. In particular, the meeting summed up the interim results of the joint efforts within …
Gazprom to Increase Oil Production by 48.4% to 80 million Tons by 2020
The Gazprom Board of Directors reviewed the efficiency of Gazprom’s oil business and addressed the proposals on boosting oil production volumes. The Board of Directors approved the work done within Gazprom’s Oil Business Strategy, with Gazprom Neft being primarily responsible for this sector. It was highlighted that Gazprom was among the domestic oil industry leaders. Between 2006 and 2011 the annual …
FMC Technologies Completes Acquisition of Schilling Robotics
FMC Technologies, Inc. announced that it has completed the transaction to acquire the remaining 55% of the outstanding shares of Schilling Robotics LLC. FMC had previously announced on January 3, 2012, its intention to purchase the remaining outstanding shares of Schilling and increase its ownership to 100 percent. Schilling is a leading …