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Rosneft President Igor Sechin Holds Talks With Chinese Vice Premier Wang Qishan

Igor Sechin, President and Chairman of the Management Board at Rosneft, held talks on December 4 with Wang Qishan, Vice Premier of the People’s Republic of China and a member of the Politburo Standing Committee of the Communist Party of China. The two discussed a broad range of issues relating …

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Regular Meeting of Tatneft’s Board of Directors

A regular meeting of the Board of Directors of JSC TATNEFT, chaired by RN Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk (Republic of Tatarstan) on November 30, 2012. The meeting reviewed the budget execution of JSC TATNEFT during ten months of 2012, approved the budget for …

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Rosneft announces strategic advisory group

Rosneft today announced the creation of a strategic advisory group that will consolidate the financial assets of Rosneft and launch a full service financial institution. The group composed of Rair Simonyan, Elena Titova and Walid Chammah will directly advise the President of Rosneft. Igor Sechin, President and Chairman of the …

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Emerson Launches Global Support Service Initiative

Support staff and facilities are expanding to help customers meet the challenges of today’s process operations – wherever they are Emerson Process Management has embarked on a programme to strengthen its support service capabilities for customers around the world. In 2012, Emerson extended its current footprint of 374 global service …

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Rosneft and General Electric Sign Long-Term Power Service Contract

Rosneft and General Electric (GE) have signed a contract to service five 6FA packaged gas turbine units. These units are to be supplied by GE under an agreement signed in June for the thermal power plant at the Eastern Petrochemical Company, which is currently under construction by Rosneft. Igor Sechin, …

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Schlumberger Launches New Wireline Formation Testing Service

Schlumberger today introduced the Saturn* 3D radial probe as the newest module for the MDT* modular formation dynamics tester. With the Saturn probe, customers can now obtain pressure measurements and fluid samples where they were not previously possible due to reservoir conditions. “Customers expect Schlumberger to be able to fully …

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Tatneft: Board Meeting

A regular meeting of the Board of Directors of OAO TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on September 28, 2012. The meeting reviewed the OAO TATNEFT’s budget execution for eight months of 2012 and approved the budget for …

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Schlumberger Introduces Next-Generation On-Demand Reamer that Saves Rig Time

Schlumberger announced today the release of the Rhino XC* on-demand reamer. This next-generation reaming tool provides unlimited activation of the flow actuation system to reliably enlarge boreholes. Building on Rhino XS* hydraulically expandable reamer technology, the Rhino XC reamer actuation system, with ream-on-demand capabilities, provides complete control of reamer cutter-block …

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GE Signs Agreement to Acquire Naxys, a Norway-Based Supplier of Leak Detection and Condition Monitoring Sensors for Subsea Applications

GE announced it has entered into an agreement to acquire Naxys, a provider of subsea leak detection and condition monitoring sensors based on passive acoustic technology. The acquisition, which is subject to regulatory approval and other customary closing conditions, further expands GE’s monitoring and sensing solutions and will be part …

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Varel International and NewTech Services Launch Russia’s Most Advanced Plant

Varel International and NewTech Services announce building completion and launch of their Polycrystalline Diamond (PDC) Drill Bit manufacturing plant located in Kurgan, Russia.  Using the most advanced global technologies and tools this plant will be one of the most modern PDC plants in the world and the most modern in …

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