Kuibyshev Refinery Produced First Izomerizate Product Lot on New Unit
The first izomerizate product lot has been produced on a new isomerization unit of Kuibyshev refinery. Izomerizate is a component of high-octane gasoline produced in compliance with the highest ecological Euro 5 standard. The octane number of the lot produced is 88.6, which corresponds to the planned project octane number …
National Oilwell Varco Announces $3 Billion Share Repurchase Plan
National Oilwell Varco, Inc. announced today that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company’s outstanding common stock. Clay C. Williams, National Oilwell Varco’s Chairman, President and CEO, commented: “This authorization comes after several months of careful consideration and …
Shelton Petroleum: Suyanovskoye Seismic Program Reveals “Promising Structures with Significant Resources”
Shelton Petroleum has collected and analysed 95 kilometers of seismic data on the Suyanovskoye oil field. Three promising structures with estimated recoverable resources of approximately 47 million barrels of oil have been identified. Shelton Petroleum is also conducting a Western independent reserves audit on the producing Rustamovskoye oil field and …
Shelton Petroleum: Suyanovskoye Seismic Program Reveals "Promising Structures with Significant Resources"
Shelton Petroleum has collected and analysed 95 kilometers of seismic data on the Suyanovskoye oil field. Three promising structures with estimated recoverable resources of approximately 47 million barrels of oil have been identified. Shelton Petroleum is also conducting a Western independent reserves audit on the producing Rustamovskoye oil field and …
Urals Energy: 1H Results – Working to Halt Production Decline
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2014. Operational Highlights Total production at Arcticneft reached 118,958 barrels (H1-2013: 125,651 barrels). Total production at Petrosakh reached 210,435 barrels (H1-2013: 240,533 barrels). Current …
Kirill Molodtsov: Russia Has the Tools to Go it Alone in the Arctic
Russia can continue the drilling the Kara Sea even if the US oil company ExxonMobil drops out the project, Deputy Energy Minister Kirill Molodtsov told reporters Monday reported RIA. There are enough Russian oil rigs to continue the drilling in the Kara Sea, where significant discoveries of petroleum and natural …
Investment Rises in Attractive Kazakhstan Upstream Market
RPI, a leading provider of research on the energy sector of Russia, the Caspian region, Central and Eastern Europe, would like to bring to your attention “Kazakhstan’s Oilfield Service Market: Rise in Investment Attractiveness Amid New Realities” research study. Despite the geopolitical tensions and Western sanctions against Russia, Kazakhstan continues …
Aker Solutions Starts Trading on Oslo Exchange After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) businesses of the …
ShawCor: Wins $200m Contract for Shah Deniz
ShawCor Ltd. today announced that its Bredero Shaw pipe coating division has received contracts with a value of approximately US$200 million from BP Exploration (Shah Deniz) Limited for pipeline coating and other services in connection with the Shah Deniz Stage 2 development project. The contracts are scheduled to be executed from plants …
Rosneft Discovered a New Hydrocarbon Field in the Kara Sea
Rosneft successfully completed the drilling of the northernmost well in the world – the Universitetskaya-1 well in the Arctic. According to the results of the drilling Rosneft has made an oil discovery at the East-Prinovozemelskiy-1 license area. The drilling was completed in record-breaking time – in one and a half …