Caspian Energy Financial Results for 2011
Caspian Energy Inc., an oil and gas exploration company based in Kazakhstan, announces today its financial results for the twelve months ending December 31, 2011. Operational highlights New joint venture partner in Asia Sixth Transaction, with extensive network in China In East Zhagabulak: Well #308 spud in July; production casing …
National Oilwell Varco Completes Flexible Pipe Acquisition
National Oilwell Varco, Inc. announced the closing of its previously announced acquisition of NKT Flexibles I/S (“NKT”), a Denmark based designer and manufacturer of flexible pipe products and systems for the offshore oil and gas industry. Pete Miller, Chairman, President and CEO of National Oilwell Varco, stated “The integration of NKT’s highly technical …
Russia and EU Discuss Energy Cooperation
Russia and the European Union have discussed issues on energy cooperation at a roundtable hosted by the European Parliament. The parties outlined their positions regarding the application of the Third Energy Package by EU countries, formation of a regulatory framework for implementation of cross-border infrastructure projects, and creation of a …
TNK-BP Boosts IT Systems Productivity by 30% With Updated Hardware Platform
TNK-BP announces that it has boosted the productivity of its automated SAP management system by 30% thanks to a successful project to switch to a new HP Integrity hardware platform. The platform upgrade project was launched in 2011 and will help to increase the number of system users and develop …
Sorochinskneft to Invest 2.1bn Rubles on Exploration in 2012
NGDU Sorochinskneft (part of TNK-BP Group) will allocate 2.1 billion rubles to exploration in 2012. Sorochinskneft specialists will do seismic surveys at an area of 1,200 km2 and complete the construction of 11 exploration and appraisal wells to increase hydrocarbon reserves. According to Nikolai Koryagin, Department Director, Geology and Subsoil Use, …
TNK-BP Reports Energy Savings of $109m in 2011
TNK-BP announces that it energy saving programme achieved savings of $109 mln in 2011. Following the adoption of an energy optimization programme in March this year, the Company plans to substantially reduce its energy supply costs by cutting operating expenditure, energy trading, building in-house power generation facilities and optimizing capital …
Tatneft’s Q1 Drilling and Production Activity Up
Crude Oil Production OAO TATNEFT produced 2,199,075 tons of crude oil in March, while the production volume for three months amounted to 6,453,613 tons accounting for 59,622 tons increase versus 2011 (100.9 %) with the above-the-plan production amounting to 142,065 tons (102.3 %). The amount of 6,360,155 tons of crude …
Tyumen Plane Disaster Claims Two LukOil Personnel
LUKOIL announce that the death toll in the plane crash of the UTAIR flight Tyumen—Surgut on April 2, 2012 includes two members of OOO LUKOIL-Engineering, a subsidiary of the KogalymNIPIneft Research Institute in Tyumen. They are: Aleksandr Ivanovich Lebedev (1951), Deputy Head of the Geology Center, and Yuri Nikolayevich Fedorov …
Senergy Appoints Alasdair Buchanan as COO
Fast-growing global energy services company, Senergy, has appointed a high-profile industry figure as its chief operating officer (COO) and managing director of the Group’s Energy Services division. Alasdair Buchanan will shortly take on this role and lead Senergy’s day-to-day operations. He will build on the company’s rapidly-evolving track record for …
Tatneft: Implements Corrosion Protection Technologies
TATNEFT has been rapidly developing the activities aimed at improving the efficiency and reliability of operating oilfield equipment and underground pipelines. The specialists of the Company have proposed a new design solution of a non-conductive insert that increases the mechanical strength and integrity for the pipeline with an operating pressure …