Weatherford And Sinopec Oilfield Service Corporation To Form Joint Venture To Target China’s Unconventional Sector
Weatherford International Ltd., Sinopec Oilfield Service Corporation and Shengli Highland Petroleum Equipment Co., Ltd., today announced having entered into a joint venture agreement to form a new equity joint venture company in China. The joint venture will combine the complementary strengths of each of its parent companies to provide products and services within a collaborative framework …
Gazprom Neft Signs Long-term Cooperation Agreement With Drilling and Well Services Contractor Eurasia Drilling Company
Gazprom Neft has announced the signing of a three-year framework agreement on drilling and well reconstruction with leading CIS onshore and offshore drilling service provider Eurasia Drilling Company Limited (EDC). Under the terms of this agreement, Gazprom Neft has estimated the full range of drilling services required by its subsidiary production companies, to be provided by EDC’s regional affiliates. EDC guarantees …
Tethys on Track for a 15 Year Extension to Kyzyloi Gas Contract
Tethys Petroleum Limited (“Tethys” or the “Company”) (TSX:TPL)(LSE:TPL) today announced that the Kazakh State Reserves Committee (GKZ) has approved the Company’s gas reserve evaluation for the Kyzyloi Production Contract area (the “Contract”). This approval is a precursor to a further extension of 15 years of the Contract and is subject to …
Blohm and Voss Oil Tools Gmbh Attending Neftegaz
We are pleased to announce that our company Blohm + Voss Oil Tools GmbH/Germany will be taking part in the oil&gas exhibition NEFTEGAZ/Moscow next week. Due to the still increassing demand in Russia for Blohm + Voss Elevators and the Wrench-Spinning-Combination named FloorHand we will bring these popular tools to …
ERIELL Group has drilled the first in Russia commercial development well to Turonian rocks under the project with Severneftegazprom
ERIELL Group has successfully completed drilling of the first well within the framework of the new project with OJSC Severneftegazprom at the Yuzhno-Russkoye oil/gas/condensate field known for some of the most stranded gas reserves. Its peculiarity is abnormally high reservoir pressure, low reservoir temperatures, lithological non-uniformity and variability and low …
Schlumberger Introduces Industry-First Reservoir Mapping-While-Drilling Service
GeoSphere provides a unique reservoir mapping service around the wellbore to enhance field development strategies and to improve production Schlumberger announced today the introduction of the GeoSphere* reservoir mapping-while-drilling service. The new technology reveals features in subsurface beddings and fluid contacts at the reservoir scale to optimize well landing operations, …
Cadogan Petroleum: Interim Management Statement
Cadogan published its Annual Financial Report for the year ended 31 December 2013 on 28 April 2014. Political situation We continue to monitor the current political situation in Ukraine carefully but there have been no disruptions to the Company’s operations, or ability to operate effectively, in any of our operating locations. As a …
Zoltav Resources: Appointments of Non-executive Directors
Zoltav (AIM: ZOL), the CIS-focused oil and gas company, is pleased to announce the appointments, effective immediately, of Marcus Rhodes and Alastair Ferguson, both as non-executive directors of the Company. Mr Rhodes is an experienced director of major publicly-listed companies operating in Russia and the CIS. He is a qualified …
Yamal LNG: Binding contract on LNG supply concluded with CNPC
Yamal LNG announced the conclusion of a binding contract for the supply of liquefied natural gas (LNG) with China National Petroleum Corporation (“CNPC”). The contract provides for the supply of three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for a period of 20 years. LNG …
Max Petroleum Plc: Cost Cutting Initiative and Related Accounting Charge
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces an update of its previously announced cost cutting initiative and related accounting charge. The Company expects that specific measures completed and expected to be completed shortly will result in annualized ongoing cost reductions of approximately US$4 million, a …