Tethys Petroleum Limited: 2011 Reserves Report
Tethys Petroleum (“Tethys” or “the Company”) (TSX: TPL)(LSE: TPL) announces a significant increase in its reserves in oil and gas in Kazakhstan as reported in a new reserve report. Total Net Oil and Gas Reserves (barrels of oil equivalent: BOE) — 1P (Proved) up 96%: 14.5 million BOE — 2P …
TNK-BP names Boris Zilbermints as Senior Vice President, International Projects
Mr. Zilbermints has over 19 years of experience in the oil industry both in Russia and abroad, having worked for AmocoEurasia, Gaffney, Cline & Associates, LUKOIL Overseas and Gazpromneft. At Gazpromneft he held the position of Deputy General Director, Upstream, with responsibility, amongst other things, for developing the company’s international …
Schlumberger Announces Agreement to Acquire SPT Group
Schlumberger announced today that it has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing …
Caterpillar Global Petroleum Products Support China’s Largest Oil and Gas Producer and Supplier
Caterpillar Inc. is a trusted supplier to China National Petroleum Corporation (CNPC), supporting its land drilling operations at oil fields around the world. Since the 1980s, Cat has provided CNPC with more than 1,500 Cat® 3512B engines to support their global operations. Each year, CNPC orders an additional 100 units …
Caterpillar Selected to Supply Engine and Transmission Package for New Fracturing Truck
Caterpillar Inc. announced today it has been selected to provide engine and transmission packages to SJ Petroleum Machinery, Co., for its newest model fracturing truck. Founded in 1941, SJ Petroleum is one of China’s largest manufacturers of petroleum drilling and production equipment. Cat® will be supplying 3512C HD engines and …
The 6th Harsh Weather Summit will be held on 22-23 May
The 6th Harsh Weather Summit will be held on 22-23 May, 2012 in Den Haag and will focus on the Arctic markets of Canada-Greenland-Russia-Kazakhstan; bringing together international oil companies, service companies and contractors, research institutions and governments. The key objective of the EnergyWise Arctic Platform is to bring together the …
Spectraseis Announces Technical and Commercial Milestones
High customer demand for advanced fracture monitoring and stimulation evaluation solutions in North American unconventional plays driving significant business growth in 2012 March 16, 2012, HOUSTON. Spectraseis, a technology leader in microseismic fracture monitoring and stimulation evaluation, today announced the achievement of important technical and commercial milestones, which have positioned …
Roxi Petroleum: 5m USD for BNG Farm Out
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that Bakmura LLP (“Bakmura”), a subsidiary of the Korean National Oil Corporation (“KNOC”), has agreed to pay an initial cash consideration of $5 million and to invest a further $25 million in the …
Cadogan Petroleum Stuck with Pokroskvoe – ENI Decline Option and Running String Unrecovered
Cadogan reports having been advised by Eni S.p.A that, after analysis of the results for the Pokroskvoe 1 and Pokroskvoe 2a wells, Eni do not intend to exercise their option to acquire a further 30% of the share capital of Pokroskvoe Petroleum BV. The option formed part of the transaction …
Exillon Energy: EBITDA up 314% and targets 17,000 Barrels of Daily Production by the End of 2012
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 preliminary unaudited results for the year ended 31 December 2011. Production Growth – Average daily oil production increased by 90% from 4,656 …