DMT Strengthens Corporate Brand
DMT, the Natural Resources Division of the TÜV NORD Group, is implementing a uniform branding policy for its subsidiaries around the world. As part of the measures to strengthen the DMT brand, Petrologic Geophysical Services GmbH has been renamed DMT Petrologic GmbH with effect from 01.01.2013. Petrologic is well established …
Alliance Oil: Successfully Completes Share Offering
Alliance Oil has successfully completed the largest preference share offering in Scandinavia in recent years. The transaction has received interest from about 4,500 investors and Company shareholders in total with solid demand both among institutional (about two thirds of demand) and retail investors (about one third of demand). Demand was …
Seaflex WaterLoad Bags show their Charm again
Seaflex, a Unique Maritime Group company which is one of the world’s leading integrated turnkey subsea and offshore solution provider supplied heavy duty WaterLoad Bags to Rigging Rentals for a project with Snowy Hydro Ltd at its Guthega Power Station, NSW. Snowy Hydro Limited is a business providing a complex array of financial hedge and insurance products …
Norske Shell Awards Framo Engineering Contract for Draugen Field
Framo Engineering, a Schlumberger company, today announced that A/S Norske Shell has awarded the company a 100-million USD contract for the supply of a complete subsea multiphase booster pump system for the Draugen Field in Norway. The contract includes a complete system for topside power and control, the power and …
ITF launches two global calls for proposals for wells and subsurface solutions
ITF is calling on technology developers to come forward with innovative solutions for enhanced sub-basalt imaging and novel borehole seismic sources, with the potential for successful proposals to receive up to 100% funding. The organisation, which has a membership of 29 international operators and service companies, has issued two global …
Summary from Alliance Oil Company’s AGM
Alliance Oil Company Ltd’s shareholders gathered in Stockholm yesterday for the Annual General Meeting (AGM). The AGM adopted the income statements and balance sheets for the company and the group. The AGM resolved to re-elect board members Mr Fred Boling, Mr. Arsen Idrisov, Mr. Raymond Liefooghe, Mr Claes Levin, Mr Isa Bazhaev, Mr …
Alliance Oil annual report for 2011
Supported by higher oil prices and increased demand for oil products, Alliance Oil Company’s operations further expanded in 2011. Oil production, refining volumes and the financial results reached the highest levels in the Company’s history and significant achievements were made towards the long-term development of the business. In the upstream …
Alliance Oil Reserve Replacement 154% in 2011
Alliance Oil Company Ltd’s total oil reserves increased by 1.8% to 996.9 million barrels (978.8 million barrels). The Company replaced 153.6% of the total 2011 oil production by adding net proved and probable (2P) oil reserves of 9.6 million barrels (net of 17.9 million barrels produced in 2011) through exploration and development as well as reserve revisions. The Kolvinskoye …