The Board of Directors of OAO LUKOIL approved lists of candidates for election of the Board of Directors and the Audit Commission at the 2012 Annual General Shareholders Meeting.
The list of candidates is based on the nominees put forward by shareholders who own at least two percent of the voting shares. The following candidates were nominated to the Board of Directors: 1. Vagit Yu. Alekperov, President of OAO LUKOIL; 2. Igor V. Belikov, Director of the Russian Institute …
Max Petroleum Tests SAGW-1 and ASK-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun testing a second Triassic reservoir in the SAGW-1 well in the Sagiz West Field at depths between 1,243 to 1,255 metres, flowing 43 API gravity oil at a …
Tethys Petroleum Signs Uzbek Exploration MOU
Tethys Petroleum Limited today announced it has signed a Memorandum of Understanding with the Uzbek State oil and gas company, National Holding Company “Uzbekneftegaz”. The objective of this MOU is to provide the framework for a Joint Study and the negotiation process for an Exploration Agreement relating to certain exploration …
BP Statement on U.S. District Court Ruling on Partial Summary Judgment Regarding Halliburton Indemnity in Deepwater Horizon Accident
Today’s ruling, together with last week’s decision on Transocean’s financial obligations stemming from its conduct at the Macondo well, is a strong signal that contractors involved in critical well operations will be held accountable for their actions under the law. All official investigations have concluded that Halliburton played a causal …
Caspian Oil and Gas: December Activity and Q1 Plans
Perth-based exploration company Caspian Oil & Gas Limited is pleased to report its activities for the December 2011 Quarter. Activities – West Mailisu #2 produced a minor amount of oil (~20bbls) on test, indicating a tight and/or damaged reservoir – Recorded 20km of 2D seismic over four leads in the …
Integra Group: 2012 Order Book Hits $510m USD, Up 21%
Integra Group announces its current order book status for 2012. As of January 30, 2012, the total order book, which includes the value of business to be delivered in 2012 contracted and won in tenders, was US$ 509.3 million (RR 15.9 billion). Of this amount, estimated value of signed contracts …
Ru-No Barents Project, Russian – Norwegian Oil and Gas Industry Cooperation in the High North, is Launched
During the 10th annual Russian-Norwegian oil and gas conference, Mr Ole T. Horpestad, Special Advisor, Ministry of Foreign Affairs, announced that the Ru-No Barents project (Russian – Norwegian oil and gas industry cooperation in the High North) has recieved 6 million NOK over three years as Governmental financial support and …
Tethys Petroleum announces inauguration of Aral Oil Terminal
Tethys Petroleum Limited, today announced the official inauguration of its Aral Oil Terminal (“AOT”) ‐ a new oil storage and rail loading facility for oil shipments from the Company’s Doris oilfield into the Kazakh rail system. The AOT is located approximately 230 km from the Doris oil field, significantly reducing …
Duraband NC Hardbanding for Harsh Drilling Conditions
Hardbanding Solutions, a business unit of Postle Industries, offers Duraband®NC for HPHT, Sour Gas, Highly Deviated and Geothermal Wells. Drilling these types of wells can be very hard on hardbanding and drill pipe tool joints. In addition, casing can show excessive wear. In these types of wells, typical hardbanding products …
Max Petroleum: SAGW-3 Bit Spins
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the SAGW-3 appraisal well on the Sagiz West Field in Block E. Total depth of the well will be approximately 1,400 metres, targeting Triassic reservoirs. Source