OGX Selects Landmark Technology for Production Solution
Landmark Software and Services, a Halliburton business line, announced today that leading Brazilian exploration and production company, OGX Oil and Gas, has chosen to optimize its production report system through the application of Landmark’s DecisionSpace® for Production technology. The DecisionSpace for Production software is groundbreaking technology that allows multi-user teams …
International Petroleum appoint Merriman for OTCQX listing
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to announce that it has appointed Merriman Capital, Inc. (“Merriman”) to act as its Principal American Liaison (“PAL”) for the Company’s securities to trade on the OTCQX International marketplace in the United States …
Max Petroleum’s Supreme Court of Kazakhstan Tax Case Ruling
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, has received written notice from the Supervisory Panel of the Supreme Court of the Republic of Kazakhstan (the “Notice”) rejecting the Company’s final legal appeal to review the tax claim previously brought against the Company (the …
Max Petroleum – Successful Jurassic Development Well Drilled in the Zhana Makat Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-A23 development well in the Zhana Makat Field has reached a total depth of 890 metres, with electric logs indicating 10 metres of net oil pay in Jurassic sandstone …
Polarcus completes USD 410 million bank loan facility
Reference is made to the announcement on 21 July 2011 regarding the USD 410 million bank loan facility. Polarcus Limited is pleased to announce that the Company has signed the loan documentation for a bank loan facility of USD 410 million with DnB NOR Bank ASA and DVB Bank SE, …
Halliburton’s Gravel Pack Technology Expected To Increase Economic Profitability In Peregrino Field
A multilateral well with dual wellbores can provide more than double the reservoir exposure of a conventional well and therefore be viewed as a replacement for not one but two conventional wells. Halliburton is adapting its Liner Conveyed Gravel Pack system to multilateral gravel packing operations in conjunction with a Halliburton Level 5 FlexRite® gravel …
National Oilwell Varco and Ameron Announce Closing of Merger
National Oilwell Varco (NYSE: NOV) and Ameron International Corporation (formerly NYSE: AMN) announced today that NOV has completed its acquisition of Ameron in a merger transaction valuing Ameron at approximately $777 million. The merger was first announced on July 5, 2011. Pete Miller, Chairman, President and CEO of NOV, remarked, …
WITSML Version 1.4.1 Has Been Published
Energistics and the WITSML Special Interest Group (SIG) are pleased to announce that Version 1.4.1 of the WITSML Standard has been published. It is recommended that future implementations and upgrades of current implementations utilize this version of the standard. The new schemas and API specification may be downloaded from the …
Exillon Energy Strikes Oil at EWS I – 43
Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce that well EWS I – 43 successfully found oil on the south-eastern part of the East EWS I field. EWS …
Caterpillar Introduces Increased Power and Updated Electronic Controls for C280-16 Generator Set for Offshore Applications
Caterpillar today announced the release of the new Cat® C280-16 generator set with 10 percent increased power. The C280-16 60 Hz generator set is now available at 5359 ekW, 900 rpm and features numerous electronic upgrades. This increased power provides industry-leading power density while maintaining its proven reliability and durability …