Boskalis Orders Megacutter to Strengthen its Dredging Fleet
Royal Boskalis Westminster N.V. (Boskalis) has ordered a new self-propelled megacutter from IHC Merwede. This self-propelled cutter suction dredger, with a total installed power of 23,700 kW and a pump ashore capacity of 15,600 kW, is a replacement investment. The total investment amounts to around EUR 170 million and construction …
Weatherford: Pays $253m USD to Resolve Case with US Government
Weatherford International Ltd. today resolved previously disclosed investigations by the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC), and the U.S. Departments of Treasury and Commerce. Weatherford will pay a total of $253 million to resolve these cases, a sum which had been previously accrued and …
Schlumberger Introduces New Generation Surface Multiphase Flowmeter
Vx Spectra delivers accurate flow rate measurements for oil and gas production monitoring and allocation. Schlumberger announced today the release of the Vx Spectra* surface multiphase flowmeter, which is the latest generation of multiphase flowmeters for offshore and land applications. The new multiphase flowmeter enables operators to obtain flow rate …
Moody’s Upgrades Rosneft’s Subsidiaries to Baa1
The Moody’s rating agency has today upgraded to Baa1 from Baa2 the issuer rating of Rosneft International Holdings Limited (formerly TNK-BP International Ltd.) and of its guaranteed subsidiary Rosneft Finance S.A. (former TNK Finance S.A.) under the issue of eurobonds. The decision to upgrade the rating has been taken after …
Rosneft, Pirelli and Rostec Take Coperation to the Next Level
Rosneft, Pirelli & C. S.p.A. and Rostec State Corporation signed a Memorandum of understanding with regard to joint research and development activities. The agreement was signed by Igor Sechin, President and Chairman of the Management Board at Rosneft, Marco Tronchetti Provera, President, CEO of Pirelli & C. S.p.A. and Sergei …
Rosneft and Eni Agree Principal Terms of Trading Supply Deals and Cooperation in Logistics
Igor Sechin, Rosneft President and Chairman of the Management Board, and Paolo Scaroni, Eni CEO in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, signed a term sheet on mutual crude supply and a heads of agreement on logistics opportunities. These agreements outline principal …
Topaz Wins US$ 100 Million BP Contracts
Topaz Energy and Marine, a leading offshore support vessel company with primary operations in the Middle East and Caspian, today announces the win of two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately US$ 100 million. Topaz has acquired two European built Platform Supply Vessels (PSVs) …
Moody’s Investor Services Upgraded Tatneft’s Credit Rating to Investment Grade “Baa3” With Stable Outlook
Moody’s Investor Services announced that it has upgraded the corporate family and probability of default ratings of Tatneft to investment grade “Baa3”, the rating outlook is Stable. It is the first time Tatneft receives an investment grade rating from a leading rating agency. The upgrade to investment grade rating Baa3 …
Regular Meeting of the Board of Directors of Tatneft Was Held
The regular meeting of the Board of Directors of JSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk on November 25, 2013. The Board of Directors reviewed the budget performance of JSC TATNEFT for ten months in 2013 and approved the budget for …
Rosneft: Approves Business Plan for the Kharampur Field Development
Rosneft Board of Directors has approved a document titled “The integrated project for the development of gas reserves (Cenomanian PK 1 and Turonian layers) of the Kharampur field.” The development of the Kharampur gas field is an important step forward in implementation of the company’s Gas Strategy in a bid …