FMC Technologies to Acquire Control Systems International
FMC Technologies, Inc. announced it has signed a definitive agreement to acquire Control Systems International, Inc. (CSI). Terms of the transaction, which is subject to further due diligence and various closing conditions, were not disclosed. Founded in 1968, CSI is a leading supplier of innovative control and automation system solutions. …
TNK-BP Invests 3 Billion Rubles in 2012 into Infrastructure Development in Krasnoyarsk Krai in the Framework of a New Cooperation Agreement with the Regional Government
TNK-BP and the Krasnoyark Krai Government signed a cooperation agreement for 2012, according to which the company will invest at least 3 billion rubles in 2012 into development of infrastructure and implementation of production projects in the region. Currently, TNK-BP is implementing one of the largest investment projects in the …
International Petroleum Appointed Pierre Godec as Non-Executive Director
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce the appointment of Mr Pierre Godec as a Non-Executive Director of the Company with immediate effect. Mr Godec, aged 67, has 40 years’ experience in the international oil industry. He spent …
Petroneft Resources Disappointed with Lineynoye Pad 2 Frac Results but Cheremshanskoye Tests Positive
PetroNeft Resources plc, the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce an update on its operations. Highlights: • Year end production reached approximately 3,000 bopd; current production steady at 2,300 bopd o Lineynoye Pad 1 responded to pressure maintenance o Lineynoye …
Tatneft: Visit of Novy Urengoy Gas and Chemical Complex Delegation to Taneco
A delegation of main construction participants of the Gazprom’s project “Novy Urengoy Gas and Chemical Complex” visited TANECO Refineries and Petrochemical Plants Complex (NPiNHZ). The delegation included executives and specialists of the customer OOO”NGHK”, as well as main contractors for the construction: OOO “PF” VIS” and OOO” SPO “Kazan”. At …
Alliance Oil Reserve Replacement 154% in 2011
Alliance Oil Company Ltd’s total oil reserves increased by 1.8% to 996.9 million barrels (978.8 million barrels). The Company replaced 153.6% of the total 2011 oil production by adding net proved and probable (2P) oil reserves of 9.6 million barrels (net of 17.9 million barrels produced in 2011) through exploration and development as well as reserve revisions. The Kolvinskoye …
Tatneft: Modern Technologies for Drilling Horizontal Wells of Small Diameter
TATNEFT Company has successfully drilled wells of small diameter with horizontal wellbore completion. The wells with horizontal wellbores following the TatNIPIneft design have been constructed for NGDU “Nurlatneft” (productive Bashkirian layer of Ashalchinskoye field) and for NGDU “Almetyevneft” (productive Tournaisian layer of Romashkinskoye field). The specifics of drilling the horizontal …
FMC Technologies Reports Fourth Quarter 2011 Diluted Earnings per Share of $0.41
FMC Technologies, Inc. reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the prior-year quarter. Diluted earnings per share were $0.41, equal to the prior-year quarter. Total inbound orders of $1.8 billion were up 14 percent from the prior-year quarter and included $1.3 billion in Subsea Technologies …
TNK-BP To Invest $170m in New Technologies In the Orenburg Region by 2016
OJSC Orenburgneft plans to invest $170 mln in a programme to deploy new technologies by 2016. The Company’s focus areas include boosting reserves and optimizing field developments; well work and drilling; energy-saving equipment and improving the efficiency of field facilities. During 2011 around 40 technology projects were reviewed, 14 of …
Sovcomflot expands project cooperation with Glencore with acquisition of four new product carriers
Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”, “SCF Pacifica” and “SCF Pearl” built in 2011 at Hyundai Mipo Dockyard Co (South Korea) will immediately be managed by …