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– Baker Hughes has introduced the next generation of its Reservoir Characterization eXplorer™ (RCX™) and In-situ Fluids eXplorer™ (IFX™) formation testing services. Used jointly, these services accurately characterize fluid properties in real time—eliminating the need for extensive and time-consuming analyses. Combined with other formation evaluation techniques, they provide critical information …

Schlumberger announced today the release of the IntelliZone Compact* modular multizonal management system. The IntelliZone Compact system is the first in the industry to integrate modular components in one compact unit, which enables operators to optimize well production and reduce time to deployment. “The streamlined process of design through assembly …

Varel announces the commercial launch of new Higher Roller series roller cone drill bits. The bits, ranging from 14-3/4” to 18-1/2”, are sealed roller bearing designs with either Mill Tooth or Tungsten Carbide Insert cutting structures. This series responds to increasing demands on larger diameter roller cone drill bits that …

Heritage Oil Plc, an independent upstream exploration and production company, announces that the drilling and testing of horizontal well 363 has been completed in the Zapadno Chumpasskoye Field in Russia, resulting in a significant increase in production. Highlights  Production from the field has increased from 431 bopd in the …

International Petroleum Limited, an oil and gas exploration company with assets in Kazakhstan and Russia, is pleased to update the market on the discovery of a second oilfield at its Krasnoleninskiy Project in Western Siberia. On 5 August 2011, the Company announced that it had discovered an oilfield during testing …

Polarcus Limited is pleased to announce that the Company has received a contract award and a separate Letter of Intent from two undisclosed clients for 3D seismic acquisition projects in Australasia. The projects, to be acquired back-to-back by POLARCUS ALIMA, will commence in Q4 2011 and are expected to run …

Halliburton has deployed the most recent addition to its horizontal completion portfolio.  The new RapidFrac™ completion system allows operators to set new standards for fracture completion efficiency and post-fracture production. This innovative horizontal sliding sleeve completion system is a differentiating technology that allows for enhanced reservoir contact.  In a changing landscape where …

National Oilwell Varco announced today that it has withdrawn and refiled its notification and report form filed under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) in connection with NOV’s proposal to acquire all of the outstanding shares of Ameron International Corporation (NYSE: AMN) common stock. This action was …

Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL)(LSE:TPL) today provided an operational update in conjunction with its financial results for the Quarter ended June 30, 2011. Operational Update RECENT HIGHLIGHTS Kazakhstan AKD05 appraisal well flowed at over 1,500 bopd of good quality oil. KBD01 (Kalypso) exploration well close to total …

Tethys Petroleum Limited today announced its second quarter results for the period ended June 30, 2011. The second quarter results together with a Management Discussion & Analysis have been filed with the Canadian securities regulatory authorities. Copies of the filed documents may be obtained via SEDAR at www.sedar.com or on …