Tethys Petroleum Appoint New Deputy Chief Executive Officer, Julian Hammond
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL) today announced the appointment of Mr. Julian Hammond as Deputy Chief Executive Officer of the Company. Mr. Hammond will retain his current position as Chief Commercial Officer but, in addition to this, will act as deputy to Dr. David Robson, Chief Executive Officer. Mr. Hammond, who …
Nord Stream wins Project Finance Award
Nord Stream has won the award for European mid-stream gas project of the year at this year’s Project Finance Awards ceremony. The awards recognise innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in financing. Nord Stream was singled out in particular for …
Nearly a quarter of organisations using RFID technology, Motorola and Market Research white paper reveal
42% of organisations interested in deploying RFID technology in the next five years The Motorola Solutions (NYSE: MSI) today announced the latest results of a Motorola sponsored white paper by IDC on The Future Usage of Communication Technologies in EMEA. The white paper found that there has been strong adoption …
Steel cutting ceremony Polarcus 14 streamer vessel NB292
Polarcus Limited (OAX: PLCS) is pleased to announce that the official steel cutting ceremony of newbuild NB292 took place on 07 February 2011. Vessel NB292 is the first of two newbuilds ordered from Ulstein Verft AS of Norway and announced by Polarcus on 18 November 2010. The vessels are being …
Tethys Petroleum Announce Kazakhstan Kul Bas Contract Amendments Complete
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX: TPL) today announced the proposed amendments to the Kul Bas Exploration Contract (“the Contract”) have now been incorporated into the Contract by the Ministry of Oil and Gas of the Republic of Kazakhstan (“MOG”). These amendments, which had been previously agreed with MOG, grant an extension …
Exillon Energy Production Update
Exillon Energy plc is pleased to announce that well EWS-16 and well EWS-391 have successfully found oil on a northern extension of the EWS I field and on a north-western part of the East EWS I field. EWS – 16 The EWS-16 well, which was spudded on 25 December 2010, …
IBM develops IT solutions that will help Gazprom Neft NTTS more efficiently develop and operate oil and gas fields
IBM (NYSE:IBM), Gazprom Neft – NTTS and Russian State Gubkin Oil and Gas University announce they have signed an agreement to expand their cooperation. Among other things, the partners will implement concepts and IT solutions that will help Gazprom Neft – NTTS develop and operate oil and gas fields more …
National Oilwell Varco Announces Fourth Quarter and 2010 Earnings
National Oilwell Varco, Inc. (NYSE: NOV) today reported that for the fourth quarter ended December 31, 2010 it earned net income of $440 million, or $1.05 per fully diluted share. Sequentially, earnings improved nine percent compared to third quarter ended September 30, 2010 net income of $404 million, or $0.96 …
SAKHALIN-1 PROJECT DRILLS WORLDS LONGEST EXTENDED-REACH WELL
Sets record at 40,502 feet (7.67 miles) IRVING, Texas, January 28, 2011 – Exxon Mobil Corporation announced today that its subsidiary, Exxon Neftegas Limited, has successfully drilled the world’s longest extended reach well at the Odoptu field, offshore Far East Russia. Exxon Neftegas is the operator of the Sakhalin-1 Project …
Sakhalin Energy has become a Global Compact LEAD participant
Sakhalin Energy has become the first and the only Russian company who was chosen by the United Nations to join the new platform for Corporate Sustainability Leadership – Global Compact LEAD, launched within the frames of the UN Global Compact. Sakhalin Energy has made a historic commitment to adopt ambitious …