Baker Hughes Adds Hydrocarbon Prediction Software to its Consulting Services
FaultRisk software reduces uncertainty, risk of hydrocarbon predictions Baker Hughes announced today that it will integrate FaultSeal’s FaultRisk™ software into its portfolio of reservoir consulting services. The Baker Hughes reservoir consulting group has worked with FaultRisk software developer FaultSeal for two years. In producing regions where its use has been …
Baker Hughes Introduces Next-Generation Reservoir Modeling Software
JewelSuite 2011 program enhances collaboration, workflows and processing Baker Hughes has introduced the next generation of its JewelSuite™ reservoir modeling software. JewelSuite 2011 is an integrated reservoir modeling tool that uses patented 3D gridding technology to build accurate reservoir models for fields with complex geology. The JewelSuite platform also provides …
The equipment and technology of vibration impact on the stuck equipment are successfully used by TATNEFT Company for liquidation of downhole complications.
Application of this method is one of the effective tools to eliminate sticking and failures of the equipment in the wells, including the small diameter wells, as their design features do not allow using downhole jacks and other equipment of required capacity. In the course of drilling, operation and wells …
Eurasia Drilling Company Limited and Schlumberger Announce Completion of Transactions and Strategic Alliance
Eurasia Drilling Company Limited and Schlumberger announced today the completion of the sale and purchase of each other’s drilling and service assets together with the formation of a Strategic Alliance in line with the Letter of Intent announced on 4th October 2010. The key elements of the transactions completed on …
Integra improves the terms of its credit facility with VTB Bank (Deutschland) AG
Integra Group, a leading independent provider of diversified oilfield services, and VTB Bank (Deutschland) AG increased their existing term loan facility with permitted reborrowings from US$50 million to US$100 million and extended the tenor by 5 years. Furthermore, the company benefits from improved pricing terms. These amendments to our multi-purpose …
M-I SWACO Introduces Next Generation Shaker for Increased Fluid-Handling Capacity and Solids Separation
The MONGOOSE PRO provides higher G-forces, higher flow capacity and the ability to maintain expected level of cuttings dryness. M-I SWACO announced today the release of the MONGOOSE* PRO next generation shaker. The shaker operates in two modes—capacity and efficiency—and is designed specifically to meet current and future drilling demands. …
The Board of Directors of TATNEFT discussed the results of the Company’s Activity in 2010
A regular meeting of the Board of Directors of OAO TATNEFT was held in Kazan (Republic of Tatarstan) on April 29, 2011. The Board of Directors summed up the budget of the Company for three months of 2011 and approved the budget for May. The Board discussed the results of …
Rosneft Posts 50% Growth of EBITDA and Generates USD 3.3 bln of Free Cash Flow
In Q1 2011, Rosneft’s revenues increased by 36.3% year-on-year, to USD 20,123 mln. The increase was due to higher crude oil and petroleum product prices as well as due to the growth in sales volumes by 4.9%. Rosneft’s EBITDA amounted to USD 6,653 mln in Q1 2011, which is 1.5 …
The global oil and gas industry unite at OGU, the leading oil and gas event in Uzbekistan.
The 15th Uzbekistan International Oil & Gas Exhibition and Conference (OGU) will take place on 17-19 May 2011 in the UzExpocentre and InterContinental Hotel in Tashkent, Uzbekistan. The regional and international oil and gas industry will converge at OGU for the country’s leading oil and gas event. The exhibition and …
Baker Hughes Introduces Artificial Lift Technology Advancements
New pump design, variable speed drive software, and power monitoring capabilities optimize production and well economics Baker Hughes announced today three technology innovations designed to enhance the operating range and reliability of electrical submersible pumping (ESP) systems and to reduce operating expenses associated with ESPs. A new pump design, a …