OPITO-approved survival training at NASA’s Johnson Space Center helps raise the bar on offshore safety in Gulf of Mexico
The Offshore Petroleum Industry Training Organisation (OPITO) International announced today that the Hi-Con Training Program at NASA’s Johnson Space Center has been approved to deliver a suite of survival training courses to the OPITO standard. OPITO is wholly owned by the oil and gas industry and is responsible for ensuring …
Urals Energy: Petrosakh Well #41, Operational Update and Notification of Results
Urals Energy, the Russian focused oil & gas exploration and production company, is pleased to announce that development drilling operations at Petrosakh, located on the east coast of Sakhalin Island, have recommenced with the drilling of Well # 41 and an operational update. Highlights Drilling of Well#41 recommenced Management …
Schlumberger Announces First-Quarter 2012 Results
Schlumberger reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011. Net income attributable to Schlumberger, excluding charges and credits, was $1.31 billion—a decrease of 12% sequentially but an increase of 35% year-on-year. Diluted earnings-per-share, …
Russia Minister Threatens TNK-BP with Spill Damages
Russia’s Natural Resources and Ecology Minister Yuri Trutnev threatened on Thursday to claim damages from Anglo-Russian oil producer TNK-BP over spills in Siberia. Moscow-traded TNK-BP’s shares were down 4.8 percent at 1340 GMT after Trutnev’s threat, underperforming a 1.8 percent rise in the broader market. Trutnev, whose ministry has a …
Alexey Miller Reports to Vladimir Putin on Ahead-of-Schedule Completion of Nord Stream’s Second String Laying
Today Gazprom Management Committee Chairman Alexey Miller reported to Russian Prime Minister Vladimir Putin on the completion of the Nord Stream gas pipeline’s second string laying. “We have initiated startup and adjustment operations. In September the second string will be filled with buffer gas and in October we will launch commercial gas supplies,” said Alexey Miller. Speaking about the reduction of transit risks, he noted …
Tatneft Introduces Resin EOR
The technology of limiting water flow into the producing wells of OAO TATNEFT by the use of synthetic resin based compositions (KFS Technology) is applied in terrigenous and carbonate reservoirs producing wells characterized by the presence of an oil-water zone. The development of TatNIPIneft specialists is based on application of …
KMG completes the sale of its interest in the Kazakhstan Petrochemical Industries Inc.
JSC KazMunaiGas Exploration Production («KMG EP» or «the Company») announces the closing of the transaction to sell a 51% stake in the LLP «Kazakhstan Petrochemical Industries Inc.» («KPI») that operates the construction of the first integrated petrochemical complex in Atyrau region to the LLP «United Chemical Company», which has managed …
TNK-BP Successfully Completes Its First Offshore Drilling Project on the Vietnamese Shelf
TNK-BP announced today that the group’s subsidiary TNK Vietnam has successfully completed the drilling of two development wells on the Lan Đỏ offshore field in Vietnam. TNK Vietnam began drilling operations on subsea development wells on January 14, 2012. Their construction on the Lan Đỏ field took 94 days to …
TNK-BP Held the First International Interactive Forum on Industrial Safety
TNK-BP held the first international interactive forum on industrial safety in its central office in Moscow participated by approximately 70 representatives of the company’s enterprises in Russia and throughout the world. The management of TNK-BP and the chief engineers of subsidiaries from all regions of company presence, including Belarus, Ukraine, …
RusPetro: Financial Results – Revenue Triples
RusPetro plc, the independent oil & gas development and production company listed on the London Stock Exchange, today publishes its results for the twelve months ended 31st December 2011. RusPetro’s operations are located in the Khanty-Mansisk region of the West Siberian basin. The results reported are those of the RusPetro Group, …