Gazprom Neft begins developing Cenomanian gas pools
Gazprom Neft has commissioned two Cenomanian gas pools, located in the Muravlenkovsky and Novogodni deposits, with their development being handled by the company’s subsidiaries – Muravlenkovskneft and Gazpromneft-Noyabrskneftegaz. Alexei Miller (Chairman of the Gazprom Management Committee and Chairman of the Board of Directors of Gazprom Neft), Alexander Dyukov (Chairman of the …
Opportunities for Business at Atyrau Oil & Gas
The 10th North Caspian Regional Atyrau Oil, Gas & Infrastructure Exhibition will be held on 5 – 7 April at the Atyrau Sports Complex, while the co-located 5th Atyrau Regional Petroleum Technology Conference (OilTech Atyrau) is held on the 5 – 6 April at the Renaissance Atyrau Hotel in Kazakhstan. …
Smith Bits Introduces New Drill Bit for Shale Drilling
Smith Bits announced today the release of its Spear* shale-optimized steel body polycrystalline diamond compact (PDC) bit. The Spear drill bit is specifically designed for shale plays to efficiently drill a curve and a long lateral hole section for faster penetration rates in low hydraulic energy environments. “The Spear bit …
Gazprom Neft’s Board of Directors completes ongoing business review
An ordinary meeting of the Board of Directors of Gazprom Neft took place on 25 February in St. Petersburg, during which the company’s current business activities were examined. The Board took notice of progress made in implementing measures for Gazprom Neft’s exit from the oil service business. The decision to …
FMC Technologies Announces Executive Management Succession
FMC Technologies, Inc. (NYSE:FTI) announced today that Peter D. Kinnear will be succeeded by John T. Gremp as President and Chief Executive Officer effective March 1, 2011. Additionally, Mr. Gremp has joined the Company’s Board of Directors. Mr. Kinnear will continue in the role of Chairman of the Board until …
First e-procurement portal for oil and gas industry to be presented in Radisson Slavyanskaya Hotel on March 15
The new e-procurement portal for oil and gas procurement specialists will be presented at the sixth annual conference , “Oil and Gas Industry Supply Chain”, in Moscow on March 15. Prom-oil is the first professional Russian-language website for procurement professionals from of the oil and gas industry. The website contains …
TATNEFT Continues Development of their Vehicle Satellite Monitoring System
OAO Tatneft continues to equip motor vehicles with satellite monitoring systems, which is one of the areas of the Company’s resource-saving activities. As of the beginning of 2010, such systems were additionally installed at 1390 transport vehicles and the total number amounted to 7,715. Implementation of the satellite monitoring system …
KMG EP increased reserves replacement ratio
КаzМunaiGas Exploration Production (“КМG EP” or the “Company”) today announces results of the annual reserves audit, as at 31 December 2010. According to the report by the independent energy consulting firm Gaffney, Cline & Associates (“GCA”), proved plus probable (2P) reserves excluding the stakes in JV Kazgermunai LLP, CCEL and PetroKazakhstan Inc. were …
TOPAZ COMMENCES PLANNED EXPANSION INTO BRAZIL
Topaz Energy and Marine (‘Topaz’), a leading international oilfield services group, today announced that it has agreed to acquire two offshore supply vessels in Brazil based on a total delivered price of $40.4 million. The vessels, Sea Otter and Sea Marten, were built in 2007 and 2010 and are both …
Shtokman Presentation of the environmental aspects of the Shtokman project implementation at RF Federal Council
On February 17, 2011, a round table session “Environmentally Safe Engineering and Process Solutions for Offshore Oil and Gas Fields Development in the Barents Sea” was held at the Federal Council. The round table was attended by Sergey Mironov, Chairman of the Federal Council of RF Federal Assembly, Victor Orlov, …