Statoil: Looking for Heavy Oil Drilling Clearance
Statoil ASA plans to drill four wells in Russia with state oil company OAO Rosneft, targeting heavy oil fields, showing Norway’s biggest energy producer is deepening its involvement in the country against the backdrop of international sanctions. Statoil plans to drill two wells at a heavy oil pilot project in …
North Atlantic Drilling: West Navigator Contract Terminated by Rosneft
North Atlantic Drilling Ltd. (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator in connection with the Framework Agreement. The drillship was indicatively scheduled to commence operations under its five-year contract with Rosneft during the summer of 2015, which would have required …
Igor Sechin Participated in the Mass Dedicated to the Death Anniversary of Hugo Chavez
The Head of Rosneft Igor Sechin participated in the mourning mass in commemoration of the former President of the Bolivarian Republic of Venezuela Hugo Chavez who passed away the very same day 2 years ago. The event took place at the Roman Catholic Cathedral of the Immaculate Conception of the …
Rosneft: 2014 Results – Production Up 4.8% Debt Down 23.7%
In commenting the 2014 results, I.I. Sechin, Chairman of Rosneft Management Board, said: “In spite of an ongoing crisis on the oil markets, the Company has maintained its dollar-denominated revenue at over $146 billion. The Company has been fully discharging its obligations under long-term crude oil supply contracts and aims …
SLC-Group: Horizontal Oil Well for Rosneft
New horizontal oil well # 5558 was drilled on Krasnoleninskoe oilfield for ROSNEFT oil company, with the using of the top drive system DQ70BSQ, which was set on the drilling rig ‘БУ 3000 ЭУК’. The well depth was 3962 m. Performance of the top drive had the following maximum values: …
Rosneft: 2014 Reserve Replacement Ratio Running at 154%
Rosneft reviewed the results of DeGolyer & MacNaughton’s independent audit of its hydrocarbon reserves. As to results of 2014, Rosneft confirmed its leading positions among world publicly traded companies in terms of proven hydrocarbon reserves and hydrocarbon resources. According to the results of the audit performed by DeGolyer & MacNaughton …
SPE Russian Petroleum Technology Conference 2015 – Call For Papers is Open!
It is less than a month till call for papers deadline – 10 March 2015. The Society of Petroleum Engineers invites industry experts to take part in the SPE Russian Petroleum Technology Conference (26-28 October 2015, InfoSpace, Moscow, Russia). The full list of opportunities for papers submission is available at …
SPE Continues to Accept Papers for SPE Russian Petroleum Technology Conference 2015!
It is less than a month till call for papers deadline – 10 March 2015. The Society of Petroleum Engineers invites industry experts to take part in the SPE Russian Petroleum Technology Conference (26-28 October 2015, InfoSpace, Moscow, Russia). The full list of opportunities for papers submission is available at …
Amsterdam District Court: Yukos Has Legitimate Compensation Claim Against Rosneft
The district court in Amsterdam has ruled the compensation claim by Yukos International, once part of Russia’s biggest oil company, is legitimate. The firm is asking Rosneft for $333 million to cover losses incurred by the arrest of its accounts in 2008. “As for the amount [of compensation – Ed.], …
Rosneft: Repays Part of Their TNK-BP Loan Early
Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. In such a manner, the overall amount paid since December 2013 totaled USD 33 bln, in full accordance with credit agreements. Within two …