International Petroleum Completes VostokNeftegaz Purchase
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to update the market on the completion of an acquisition and the revision of the terms of a disposal. Acquisition of the Druzhny Project – Western Siberia, Russia On 4 November 2011, the …
FMC Technologies Awarded $150 Million Subsea Systems Contract for GreaterWestern Flank Phase 1 Project
FMC Technologies, Inc. announced today that its Australian subsidiary has signed an agreement with Woodside Energy Ltd. for the design, manufacture and supply of subsea production systems to support the Greater Western Flank (GWF) Phase 1 Project. The contract has a value of approximately $150 million in revenue to FMC …
Wood Group GTS wins gas turbine overhaul contract with Surgutneftegaz
Wood Group GTS has been awarded a multi-million dollar contract by MC Systems Energy of Moscow for Surgutneftegas OJSC in Western Siberia, Russia to provide overhaul services for two Siemens SGT-200-1S (Tornado) gas turbines. Under the MC Systems Energy contract Wood Group GTS will provide all gas turbine parts, component …
Max Petroleum: Operations Update Jan 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. The Company has matured three additional prospects into its drillable post-salt prospect inventory based …
Roxi Petroleum: NW Konys Pilot Production Gas Flaring Consent Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that it has been advised by the Ministry of Oil & Gas of the Republic of Kazakhstan that its operating Company, Galaz and Company LLP, (“Galaz”) has received approval for gas flaring for …
Baker Hughes New CEO, Martin Craighead, Assumes Role
Martin Craighead has assumed the role of Baker Hughes’ President and Chief Executive Officer. Craighead will build upon the successful seven-year tenure of Chad Deaton, who will remain Chairman of the Board of Directors. “During Chad’s tenure, Baker Hughes has undergone a significant transformation positioning us well to execute in …
Schlumberger and Petrofac Announce Co-operation Agreement
Companies combine forces to address new market opportunities Petrofac and Schlumberger announced today that their Integrated Energy Services and Schlumberger Production Management divisions respectively have signed a Co-operation Agreement under which these divisions will establish a working relationship to deliver integrated and high-value production projects in the emerging and growing …
REPSOL TO ACQUIRE EUROTEK, A RUSSIAN EXPLORATION AND PRODUCTION COMPANY
REPSOL TO ACQUIRE EUROTEK, A RUSSIAN EXPLORATION AND PRODUCTION COMPANY — Repsol purchases Eurotek, an exploration and production company with assets in the Russian Federation for a cash consideration of, US$230 million, approximately. — Among the acquired assets there are two gas fields: Syskonsyninskoye (SK), which is at an advanced …
Shtokman Development AG Board of Directors Reviewed the Company’s Activities in 2011
Shtokman Development AG Board of Directors Reviewed the Company’s Activities in 2011 The regular meeting of Shtokman Development AG (SDAG) Board of Directors was held in Moscow on December 29, 2011. The Board of Directors reviewed the Company’s activities in 2011 and stated that extensive work on the preparatory stage …
Max Petroleum: Operations Update for NUR and SAGW
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. Results of SAGW-2 appraisal well The Company has completed drilling the SAGW-2 appraisal well in the Sagiz …