Gazpromneft-Nefteservis sells Servisnaya Burovaya Kompaniya and KRS-Servis
At the end of December 2011, Gazpromneft-Nefteservis completed the sale of two of the main production unit’s companies – Servisnaya Burovaya Kompaniya (SBK) and KRS-Servis (KRS). Both assets were bought by OJSC RU-Energy Group . The deals were approved by the Russian Federal Anti-monopoly Service. SBK and KRS will retain …
Dragon Oil Trading Statement and Reserves Update
Dragon Oil plc, an international oil and gas exploration and production company, today issues the following trading statement, which includes an operational update, financial highlights for 2011 and the results of the latest reserves assessment. All information referred to in this update is unaudited and subject to further review. Dragon …
Novatek and Gazprom Discuss Possible Joint LNG Projects
OAO NOVATEK announced today that the Company’s Chairman of the Management Board, Leonid Mikhelson, and the Chairman of the Management Board of OAO Gazprom, Aleksey Miller, held a working meeting which was also attended by the Chairman of the Management Board of Gazprombank (OAO), Andrey Akimov. The purpose of the …
Roxi Petroleum: NW Konys Commences Pilot Production
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce the commencement of pilot production from the NW Konys field in the Galaz Contract Area, in the Kyzylorda Oblast Western Kazakhstan, on 19 January 2012. The Company successfully drilled six new wells on …
Schlumberger Announces Full-Year 2011 Results, Revenues up 12 Billion USD
Schlumberger Limited today reported full-year 2011 revenue of $39.54 billion versus $27.45 billion in 2010. Full-year 2011 income from continuing operations attributable to Schlumberger, excluding charges and credits, was $4.97 billion, representing diluted earnings-per-share of $3.66 versus $2.86 in 2010. Fourth-Quarter Results: Fourth-quarter 2011 revenue was $10.97 billion versus $10.23 …
TNK-BP STARTS FIRST OFFSHORE DRILLING OPERATIONS ON LAN DO FIELD DEVELOPMENT IN VIETNAM
TNK-BP announced today that the Group has commenced its first offshore drilling operations on the Lan Do field development project offshore Vietnam. The Lan Do 2P well was spud on Saturday 14th January 2012. Lan Do field contains 2 vertical sub-sea wells at a water depth of about 185 meters …
Baker Hughes Becomes the First Integrated Oilfield Service Company to Receive IADC Competence Assurance Accreditation
Baker Hughes is the first integrated oilfield service company to receive full accreditation of its Competence Management Program from the International Association of Drilling Contractors (IADC). IADC’s system for accrediting competency assurance programs reviews and confirms that a company’s program meets accepted practices to develop and evaluate personnel across a …
Schlumberger Declares 10% Increase in Quarterly Dividend
The Board of Directors of Schlumberger Limited today approved a 10% increase of the quarterly dividend. The increased dividend of $0.275 per share of outstanding common stock is payable on April 13, 2012 to stockholders of record at the close of business on February 22, 2012. Source
RAO/CIS Offshore INTSOK Arctic Conference
At the conference representatives of leading Russian and Norwegian companies will share the latest information on realization of the key hydrocarbon resources development projects in Russia and Norway. The conference will focus on technical and technological aspects of oil and gas resources development in harsh environments of the Arctic and …
Alliance Oil 2011 Review and Statement
Market conditions remained favourable during the third quarter of 2011. The Urals was trading above 100 USD per barrel with minor decreases quarter-on-quarter. The Russian Rouble depreciated against the US Dollar. The financial results in the upstream segment were up due to increased production. In the third quarter, the downstream …