Max Petroleum: Successful Appraisal Well at Uytas
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the UTS-11 appraisal well in the Uytas Field has successfully reached a total depth of 450 metres, with electric logs indicating a total of 26 metres of net oil pay in …
National Oilwell Varco: Revenues $5.31bn in Q1
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2013 it earned net income of $502 million, or $1.17 per fully diluted share, compared to fourth quarter ended December 31, 2012 net income of $668 million, or $1.56 per fully diluted share. The first quarter …
Exillon Energy: Drilling and Production Update and Interim Management Statement
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today issues its Interim Management Statement, Drilling Update and October Production Report. Data are for the period from 1 July 2012 to 30 September 2012 unless otherwise stated. …
Max Petroleum: Strikes Dust at BSBNE-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E. The well reached a total depth of 1,328 metres without encountering producable hydrocarbons. The well will now …
Greenpeace Activists Storm Russian Oil Rig
Greenpeace activists have stormed a floating oil rig in Russia’s Pechora Sea to protest oil drilling in the Arctic, the environmental organization said on Friday. Greenpeace said in a statement that six activists boarded the Prirazlomnaya platform in the early hours on Friday and remain on the rig. They set …
Problems and Solutions for Shelf Projects in the Caspian Sea, Black Sea and Sea of Azov
The Russian government views the southern shelf region as a crucial area of hydrocarbon reserves which should be developed in the near future. The offshore production will offset the production decline in the traditional oil and gas producing regions in Western Siberia and the Volga-Urals. However, the development of the …
National Oilwell Varco Announces First Quarter 2012 Earnings and Backlog
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2012 it earned net income of $606 million, or $1.42 per fully diluted share, compared to fourth quarter ended December 31, 2011 net income of $574 million, or $1.35 per fully diluted share. The first quarter …