Russia Upstream Magazine

RPI: Offshore Field Development in Russia: Are the Sanctions an Opportunity for Russian Companies to Fill the Void?

Vadim Kravets In mid-February 2015, the third round of EU sanctions targted a number of Russian officials and nine new companies were introduced. Previously, in late summer and early autumn 2014, the U.S., EU, Japan and Canada introduced, in two rounds, sanctions againstw certain individuals and sectors of Russia’s economy …

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Eurasia Journal NewsRussia Oil Gas Magazine

ERIELL Signed a 9-year Contract for Drilling in Novy Port

ERIELL, an international oilfield service group, has won a JSC Gazprom Neft Novy Port tender for drilling of 136 producing wells in Yamal Peninsula, Russia. The term of the contract is 9 years. “ERIELL Group focuses on establishment of long-term relations with its partners. The Novy Port project has become …

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Gazprom Neft Extends Collaboration With Domestic Equipment Manufacturers

This year’s St. Petersburg International Economic Forum was marked by the signing of a number of strategic collaboration agreements between Gazprom Neft and various domestic suppliers, including OMZ (Uralmash-Izhora Group) and Hydromashservice (HMS Group). These agreements underline the company’s commitment to ongoing collaboration with Russian suppliers to ensure the fulfilment of its requirements for high-quality equipment at its onshore and …

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Uralmashplant Finished Equipment Shipping for “Arctic” Innovative Rig

In accordance with the order of “Uralmash Oil and Gas Equipment Holding” Uralmashplant manufactured drilling rig units for the drilling rig Uralmash 6000/400 ЭК-БМЧ «Arctic». More than 800 t of equipment was manufactured, including guides, right and left frame modules, derrick and automated receiving board module. The drilling rig Uralmash …

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Rating Agency Ekspert RA Confirms Credit Rating of Uralmashplant JSC at A Level

Rating agency Ekspert RA confirmed credit rating (long-term credit capacity) of Uralmashplant JSC at A level (high level of credit capacity). Prediction: stable. Conducting rating analysis of Uralmashplant JSC the agency analysts pointed out high activity diversification as positive factors in business sectors, broad geography of business (according to the …

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