Eduard Khudainatov Increases Stake in OJSC Rosneft Share Capital
OJSC Rosneft President Eduard Khudainatov has acquired 1.988 million shares in OJSC Rosneft, increasing his stake in the company’s share capital to 5.115 million shares or 0.0483%. This acquisition of shares confirms Eduard Khudainatov’s statement at the Rosneft shareholders’ meeting on June 10 that the company remains significantly undervalued and …
Schlumberger Foundation Receives $50 Million Donation for Flagship Faculty for the Future Program
Funds advanced science and technology education for women from developing nations The Schlumberger Foundation announced today that it has received a $50 million grant from Schlumberger Limited and its subsidiaries to support the Faculty for the Future program. This flagship program, now in its sixth year, supports talented women scientists …
KMG Update on the situation at Uzenmunaigas
KazMunaiGaz Exploration Production (“KMG EP” or “the Company”) provides the following update on the situation at the Uzenmunaigaz (UMG) production facility in Zhanaozen (Mangystau region). As a result of the industrial action that commenced on 26 May 2011 the total loss of oil production to date amounts to 150 thousand …
KazMunaiGas Exploration Production announces unfavourable decision of the Supreme Court
KazMunaiGas Exploration Production announces the Supreme Court decision with respect to its claim that export customs duty should not be levied on oil exports in 2009 on which rent tax had already been paid. This claim refers to crude oil exports in Q1 2009, which were cleared for customs purposes …
FMC Technologies to Supply Subsea Systems for Shell’s Prelude Project
FMC Technologies, Inc. announced today that it has signed an agreement with Shell Development (Australia) Pty. Ltd. to supply subsea production and associated topside systems for the Prelude field development. The companies also announced an aftermarket agreement that will result in FMC Technologies Australia Ltd. performing installation and commissioning services …
Advanced Lubrication – Unlocking Improvements in Offshore Oil & Gas Operations
Akram Reda, Industrial Marketing, Europe, Africa & Middle East, ExxonMobil Lubricants and Specialties Oil & Gas companies and service partners have the ongoing challenge of maximising productivity while operating safely, sustainably and economically. While only accounting for a small proportion of the total maintenance spend, some of the latest lubricants have …
ExxonMobil Offers the Right Solutions to Help Oil & Gas Producers Enhance Equipment Performance and Boost Productivity
As the demand for reliable energy continues to grow around the world, it is clear that oil and gas will continue to be a major source for overall, global energy supplies. In fact, oil and gas powered electricity generation is expected to grow rapidly through 2030*. (*Source: Outlook for Energy …
ExxonMobil Introduces Advanced Industrial Gear Lubricants
Fully-Synthetic Mobil SHC Gear Lubricants Deliver Optimum Protection for Equipment Operating in Extreme Conditions Mobil SHC Gear lubricants offer extended oil drain Intervals up to six times Mobil SHC Gear lubricants approved by Siemens for use in Flender gearboxes Mobil Industrial Lubricants are designed to help oil and gas companies …
Tatneft announces new USD550 mln. financing
The credit facility is structured as a fixed rate loan of 3.50% per annum with a 6-month interest period and a bullet repayment after three years. The transaction has some unique features associated with hedging the lenders’ exposure at closing to the fixed interest payable by the Company. The credit …
Nalco and LUKOIL Form Energy Chemicals Joint Venture to Serve Western Siberia
Nalco announced today its Russian subsidiary has formed a joint venture with a subsidiary of Russia’s largest oil company, OAO LUKOIL, to provide energy chemicals and services in western Siberia. The joint venture, OOO Kogalym Chemicals Plant, will be based in Kogalym (West Siberia, Russia) and will provide LUKOIL production …