Integra Group Reports 2011 Financial Results and Order Book Update
Integra Group (LSE: INTE), one of the leading independent providers of diversified oilfield services, released today its Audited Consolidated Financial Statements, prepared in accordance with IFRS, for the year ended December 31, 2011. Growth in upstream industry investment led to higher demand for well construction services during 2011. Increased energy, fuel and unified …
Sakhalin-1 Loads 500th Tanker of Oil
Exxon Neftegas Limited,on behalf of Sakhalin-1 Consortium, announced today loading of the 500th tanker with crude oil at the Sakhalin-1 De-Kastri Terminal in Khabarovsk Krai, Russia. Tanker operations began in the fall of 2006, and a total of 47 million tons (356 million barrels) of oil have been safely loaded. …
Ministry of Economic Development Approves Rosneft’s APG Utilisation Investment Projects
The Ministry of Economic Development of the Russian Federation has passed an order approving two of Rosneft’s APG joint implementation investment projects. The order, No. 112 of 12 March 2012, approves a project to reduce APG flaring and generate electricity at the Khasyreiskoye deposit and a project to utilise APG …
Bashneft and the Administration of the Nenets Autonomous District sign a Cooperation agreement
Bashneft represented by its subsidiary LLC Bashneft-Polus and the Administration of the Nenets Autonomous District have signed a Cooperation agreement today. The document was signed by Igor Fedorov, the Governor, representing the Administration of the Nenets Autonomous District, and by Vitaliy Litvinenko, the CEO of LLC Bashneft-Polus, representing Bashneft. The agreement signing ceremony was attended by Alexander Goncharuk, the Chairman of the …
Schlumberger Announces Agreement to Acquire SPT Group
Schlumberger announced today that it has entered into an agreement with Altor Fund II to acquire SPT Group—a privately owned software company specialized in dynamic modeling for the oil and gas industry. The company provides a combination of software and consulting services for multiphase flow and reservoir engineering applications. Closing …
Rosneft Appoints Vice President for Refining
Igor Pavlov was appointed Rosneft vice president for refining on March 11, 2012. Igor Pavlov has extensive experience in refining, having worked at Angarsk Petrochemical Company in 1989-2008 and as CEO of OJSC Achinsk Refinery in 2008-2012. Commenting on the appointment, Rosneft President Eduard Khudainatov said: “In implementing our large-scale …
Tatneft: Board of Directors 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 on February 28, 2012. The Board of Directors meeting summed up the execution of the budget of OAO TATNEFT in January and approved the budget for March …
Max Petroleum – Successful Appraisal Well Drilled in Sagiz West Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an operational update on the results of the SAGW-3 appraisal well, progress with drilling operations at the NUR-1 well on the Emba B prospect and a report on the impact on operations of recent …
Max Petroleum – Exercise of Warrants
The Company announces today that on 23 February 2012, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 12 August 2009, a warrantholder elected for the cashless exercise of its right to subscribe for 10,000,000 Ordinary Shares at an exercise price of 4.538 – 5.673p …
Heads of Gazprom and Total Discuss Implementation of Shtokman Phase 1
Saint Petersburg hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman of the Board of Directors and CEO of Total. The meeting discussed the main issues of Phase 1 implementation at the Shtokman field and, inter alia, the scope of work over a period until the Final Investment Decision is made. Source