BP Rosneft share swap prohibited
BP announced today the arbitral tribunal has ruled that the interim injunction prohibiting closing of the share swap transaction with Rosneft will remain in place until further notice. However BP is now able to discuss the possibility of an extension of the April 14 deadline under which the share swap …
KMG EP announces operating results for the 1Q11
JSC KazMunaiGas Exploration Production (KMG EP or the Company), announces that according to preliminary data in the first three months of 2011 it produced 3,172 thousand tonnes of crude oil (259 kbopd) including the Company’s stakes in Kazgermunai (KGM), CCEL, PetroKazakhstan Inc. (PKI) and NBK LLP (NBK), which is 11 thousand tonnes or 0,3% …
Polarcus receives Letter of Award for 3D seismic acquisition
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Award for a 3D offshore seismic acquisition project for an undisclosed client. The project, to be acquired by POLARCUS NAILA and subject to the execution of a service contract, will commence in Q4 2011 …
KMG EP reappoints Askar Balzhanov as the Chief Executive Officer
JSC “KMG EP” (“KMG EP” or the “Company”) announced that at anextraordinary meeting of the Board of Directors held today, Askar Balzhanov was elected GeneralDirector (CEO). The main shareholder of KMG EP – National Company KazMunaiGas (KMG) – proposed thereplacement of Kenzhebek Ibrashev, due to his transfer to another important …
Production Output at the Vankor Field Reaches 20 Million Tonnes
The 20-millionth tone of crude oil was extracted from the depths of the Vankor oil field in Russia’s Krasnoyarsk region. Currently Vankor produces 39 thousand tons of crude oil per day. According to Vankorneft’s business plan, in 2011, production from the field will reach 14.8 million tons. This year, plans …
Rosneft Obtains License to Explore the Naulskoye Field in the Nenets Autonomous District
Rosneft acquired a license to explore the Naulsk oil field, located in the Nenets Autonomous District. The Company paid RUB 3.6 billion for the license at auction. It is assumed that OOO Severnaya Neft, a Rosenft subsidiary, will be the operator of the project. Severnaya Neft is already engaged in …
Schlumberger Launches Telemetry-Enabled Slickline Platform
New LIVE Digital Technology Enhances and Expands Slickline Service Range Schlumberger today announced the launch of LIVE* digital slickline services. At their core is a slickline cable engineered to deliver two-way digital communication. Coupled with an extensive suite of purpose-built downhole modules, LIVE technology enables tool and well information to …
Polarcus receives Letter of Intent, offshore UK
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Intent for a 550 square kilometer 3D seismic acquisition project West of Shetlands, offshore United Kingdom. The project, subject to the execution of a service contract, will commence in August 2011 and is expected …
Matra Petroleum Production commences in Russia
Matra, an independent oil and gas exploration and production Company with operations in Russia, is pleased to announce that production has commenced from both existing wells in the Sokolovskoe Field, Russia. Neither well has yet stabilised and as expected both will require acid stimulation and/or pump installation to maximise production rates. Well …
HONEYWELL ПРОДЛЕВАЕТ ДОГОВОР НА ПОСТАВКУ ИМИТАЦИОННЫХ СИСТЕМ С КОМПАНИЕЙ SHELL EXPLORATION & PRODUCTION
Платформа UniSim Design поможет компании Shell в разработке и тестировании производственных процессов для оптимизации проектных решений и производственных операций Сегодня корпорация Honeywell объявила о продлении до 2015 года срока действия договора, подразумевающего поставку программного обеспечения для имитации производственных процессов UniSim® Design компании Shell Exploration & Production (E&P). Эта имитационная платформа будет …