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Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been selected by Rosneft and ExxonMobil to undertake the initial phase of the front-end engineering design (FEED) for a proposed Russian Far East liquefied natural gas (LNG) project. Foster Wheeler is one of two …

Aker Arctic Technology Inc and Navis Engineering Oy have signed an agreement on joint development of Dynamic Positioning systems for ice operation. The companies plan to jointly develop next-generation DP-system technology tailored for ice operation by utilizing their core know how and technologies. The development includes improved control algorithms, testing …

Alexey Miller, Chairman of the Gazprom Management Committee and Dmitry Konov, Chief Executive Officer of SIBUR signed today at the Gazprom headquarters a Memorandum of Cooperation while constructing a gas processing plant and a gas chemical complex in Belogorsk, Amur Region. According to the document, the parties will join their efforts as part of the potential creation of a powerful complex for processing …

Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, today announced that it has entered into a definitive agreement for the sale of 50% of its Kazakh oil & gas assets to SinoHan Oil and Gas Investment B.V. (“SinoHan”), part …

Rosneft announces the completion of the summer 2013 field prospecting season at the company’s offshore license blocks. Seismic prospecting has been conducted at the following blocks: Fedynsky, Central Barentsevsky, East-Prinovozemelsky 1, East-Prinovozemelsky 2, East-Prinovozemelsky 3, South-Russky, Medynsko-Varandeisky, Magadan-1, Magadan-2, Magadan-3, Lisyansky, Kashevarovsky and Astrakhanovskoe Sea – Nekrasovsky. The total scope …

Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce the following update on its operations at Petrosakh and Articneft assets as well as the Board’s preliminary findings on the Alleged Debt Repayment Agreement. Petrosakh As outlined in the Circular posted to shareholders on …

The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group (together “Alliance Group”) and Alliance Oil Company Ltd. hereby clarifies that the press release announced today, 31 October 2013 at 9.45 am CET regarding Alliance Group’s potential acquisition of AOC (the “Press Release”), is not a cash offer …

Quartet system enabled by wireless telemetry transmits data for real-time validation Schlumberger announced today the release of the Quartet* downhole reservoir testing system enabled by Muzic* wireless telemetry, which provides data in real time for validation so that critical information is available to meet the well test objectives. “When working …

Vallourec Group, a world leader in manufacturing of seamless steel tubes, together with a company Hardbanding Solutions, a hardbanding wire manufacturer, organized the Technical Conference on the 24th of October 2013 in Moscow. Vallourec covered their history, activity on the market and strategy with views and analysis from Andreas Kauschke …

The Boards of Directors of Lambros Overseas S.A. and OJSC Alliance Group and Alliance Oil Company Ltd. today announce a recommended cash offer, pursuant to which Alliance Group, through its jointly owned subsidiary Alford Financial Ltd, would acquire all of the ordinary shares in AOC, represented by Swedish Depositary Receipts, …