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National Oilwell Varco Completes Flexible Pipe Acquisition

NKT, a joint venture between NKT Holding and Subsea 7 S.A., is based in Denmark. The company designs and manufactures flexible pipe products and systems for the offshore oil and gas industry, including products associated with Floating Production, Storage and Offloading vessels (“FPSO’s”) and other offshore vessels, as well as …

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Baker Hughes New CEO, Martin Craighead, Assumes Role

Martin Craighead has assumed the role of Baker Hughes’ President and Chief Executive Officer. Craighead will build upon the successful seven-year tenure of Chad Deaton, who will remain Chairman of the Board of Directors. “During Chad’s tenure, Baker Hughes has undergone a significant transformation positioning us well to execute in …

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Sakhalin Energy Issues Sustainable Development Report

Sakhalin Energy presented today its 2010 Sustainable Development Report, the company’s second report produced in compliance with the Global Reporting Initiative (GRI) standard and endorsed by the Council for Non-Financial Reporting of Russian Union of Industrialists and Entrepreneurs (RUIE). The publication of the Sustainable Development Report was preceded by several …

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Shtokman income tax rate in the Murmansk Region will be set at 13.5%

in the course of the teleconference Mr. Dmitry Dmitrienko, Governor of the Murmansk Region and Mr. Alexei Zagorovskiy, Chief Executive Officer of the Shtokman Development AG (SDAG) discussed current issues of cooperation between SDAG and the Government of the Murmansk Region. The parties have underlined the importance of state support …

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Petroneft Resources Discovery of Significant New Oil Field at Sibkrayevskaya

PetroNeft Resources plc (AIM: PTR), the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce its largest single discovery to date, a new oil field at Sibkrayevskaya in Licence 61. Highlights: • Sibkrayevskaya No. 372 well makes significant oil discovery in main Upper …

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Dragon Oil Drilling Update July 2011

Dzheitune (Lam) B/157 well tested at initial rate of 1,767 bopd Dragon Oil plc, an international oil and gas exploration and production company, announces the completion and initial testing of the Dzheitune (Lam) B/157 development well. The Dzheitune (Lam) B/157 well was drilled to a depth of 2,900 metres and …

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Matra Petroleum Operations Update and Well Leak – June

Matra, an independent oil and gas exploration and production company with operations in Russia, is pleased to announce the following operations update for its Sokolovskoe Field: Well-12 Following pressure analysis and well testing which had indicated that Well-12 would benefit substantially from acid treatment, Well-12 was successfully treated with acid …

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TETHYS PETROLEUM Uzbekistan Business Development

TASHKENT, UZBEKISTAN, Wednesday, May 18, 2011: Tethys Petroleum Limited today provided information on progress at the 15th Uzbekistan International Oil and Gas Conference (“OGU”) in Tashkent and in parallel with this signed a contract with the Institute of Geology and Prospecting for Oil and Gas Deposits (the “Institute”) of NHC …

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KMG EP announces acquisition of four contracts for exploration of hydrocarbons

JSC KazMunaiGas Exploration Production today announces agreements reached with the JSC National Company KazMunayGas (“NC KMG”) to acquire four hydrocarbon exploration contracts. As per the agreement, KMG EP acquires the following four contracts: Temir, Teresken, Karaton-Sarkamys and the territory adjacent to Uzen and Karamandybas. Temir and Teresken blocks are located in the …

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KMG EP reappoints Askar Balzhanov as the Chief Executive Officer

JSC “KMG EP” (“KMG EP” or the “Company”) announced that at anextraordinary meeting of the Board of Directors held today, Askar Balzhanov was elected GeneralDirector (CEO). The main shareholder of KMG EP – National Company KazMunaiGas (KMG) – proposed thereplacement of Kenzhebek Ibrashev, due to his transfer to another important …

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