Exterran – UK

Russia & CIS, Oil & Gas News

  • LUKOIL-Nizhnevolzhskneft: Sets New Horziontal Drilling World Record March 3, 2015 - LUKOIL-Nizhnevolzhskneft has established a new world record in horizontal drilling with a significant bottom displacement. Well No.108, drilled from an offshore ice-resistant stationary platform at Yuri Korchagin field in the Caspian Sea, went down 4,908 meters in the 9.5-inch section, in one run, without any tripping. The new record has ...
  • LUKoil: 2014 Results – Q4 Lifting Costs Down to $4.30 per boe March 3, 2015 - LUKOIL has published consolidated US GAAP financial statements for 2014. The Company’s 2014 net income reached $4,746 million. EBITDA (earnings before interest, taxation, depreciation and amortization) reached $15,982 million in 2014. Sales revenues were $144,167 million (+1.9% y-o-y). The changes in ruble-nominated revenues were significantly affected by the ruble devaluation. ...
  • KMG EP: 2014 Results – Profit Down 67% with Ozenmunaigas Impairment Charge March 3, 2015 - JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2014. — Revenue in 2014 was 846bn Tenge (US$4,722m)1 mainly due to an increase in the average domestic sales price by 20% and higher export price in Tenge (because of an 18% increase in the ...
  • Tomskneft: Using Pipeline Monitoring Drones March 2, 2015 - Tomskneft starts using unmanned aerial vehicles (drones) to monitor its pipeline routes and the oil and gas production assets. Testing of drones built under a domestic technology started at the Sovetskoe and Vakhskoe fields located in the Strezhevskiy District. Given the size of the territory of Tomskneft operations and the ...
  • Gazprom Neft: 2014 Results – 6.7% Increase in Production, Exchange Rates Hit Bottom Line March 2, 2015 - Gazprom Neft has published its consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for FY 2014. Overall sales (revenues before deducting export duties and similar payments) grew 12.4% (1,690.56 RUB bIn) as a result of increased hydrocarbon production and a significant increase in sales via premium channels ...
  • Petroneft Resources: Tungolskoye Horizontal A Success March 2, 2015 - PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye · Tungolskoye No. 5 well tested at over 600 bopd and is now in production · Development of Tungolskoye to proceed ...
  • Max Petroleum: Suspends Stock Listing Pending Debt Restructuring March 2, 2015 - Max Petroleum announces that, following its announcements of 9 February 2015 and 19 February 2015, it has requested that trading in its ordinary shares on the AIM market of London Stock Exchange plc be suspended pending the outcome of final negotiations with Sberbank regarding an appropriate debt restructuring and with ...
  • Tethys Petroleum: Proven Reserves Up 18% March 2, 2015 - Tethys, the exploration and production Company focussed on Central Asia, is delighted to announce the result of an updated Independent Reserves Report, which has been prepared by Gustavson Associates with an effective date of December 31, 2014. The report meets the expectations of the Canadian Oil and Gas Evaluation Handbook ...
  • Tethys Petroleum: Signs MOU with PetroChina for Gas Sales Into China March 2, 2015 - Tethys Petroleum Limited is pleased to announce that it has signed a Memorandum of Understanding (“MOU”) with PetroChina International Kazakhstan Ltd (“PetroChina”) and also provide a corporate update to our shareholders. Highlights: — Updated vision and strategy announced focussed on capital discipline, the generation of cash flow from existing reserves ...
  • NOVATEK Announces Consolidated IFRS Results for the Year Ended 31 December 2014 March 2, 2015 - Total revenues grew by 20.0% year-on-year to RR 357.6 billion for the twelve months ended 31 December 2014 from RR 298.2 billion in 2013, largely due to an increase in natural gas and liquids sales volumes and prices. The start of higher value added products sales from the Ust-Luga Gas ...
  • Gazprom Neft: Completes Testing of Priobskoye Directional Wells February 26, 2015 - Gazprom Neft has completed testing of four directional wells (drilled to investigate reserves within the Bazhenov formation) at its concession within the southern area of the Priobskoye field (Khanty Mansiysk Autonomous Region). The results obtained have allowed the resolution of the key issue underpinning the first stage of this project: confirming the existence of live oil within ...
  • C.A.T. oil AG: Selects New Board Maurice Dijols Appointed Chairman February 26, 2015 - The Extraordinary General Meeting of C.A.T. oil AG on 25 February 2015 has elected a new Supervisory Board. The shareholders appointed the French major shareholder Maurice Dijols (63), the German counsellor Dr. Ralf Wojtek (69) and the French manager Remi Paul (48) to the Supervisory Board. The new members elected Maurice Dijols as Chairman of ...
  • Exillon Energy: Produces 16,945 bbl/day in January February 26, 2015 - Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of January 2015 (“the Period”). ·     Our average daily production[1] was 16,945 bbl/day during the ...
  • Gazprom and Ukraine in Dispute Over Gas Supplies and Payment February 25, 2015 - Kiev (AFP) – Russia’s state-owned gas giant Gazprom warned Tuesday it could cut off gas deliveries to Ukraine within two days, upping the stakes in the crisis there — and threatening supplies to the rest of Europe, The Gazprom announcement came hours ahead of a Paris meeting of the foreign ...
  • Gazprom: Cost Saving Expected to Lead to Budget Surplus February 25, 2015 - The Gazprom Board of Directors took notice of the information about the progress with implementing the Company’s Investment Program, Budget (Financial Plan) and Cost Optimization (Reduction) Program for 2015. The Investment Program, Budget and Cost Reduction Program comply with the criteria approved by the Board of Directors in December 2014. In addition, Gazprom closely monitors the ...
  • Gazprom: Looks to Expand Export Routes February 25, 2015 - The Gazprom Board of Directors approved the Company’s strategy aimed at diversifying its export routes and increasing the Russian gas competitiveness. It was noted that gas supply alternatives as well as enhanced reliability and safety of supplies were of primary importance to make Gazprom’s products attractive for international markets over a long term. With a view to provide stable and well-balanced supplies of Russian gas ...
  • Jupiter Energy: Well 19 hits 85m of Net Pay February 25, 2015 - The Board of Jupiter, the Kazakhstan-focused oil exploration and production company, is pleased to provide shareholders with the following well 19 drilling update. • Well 19 has been drilled to its final depth of 3068m; mud logs and open hole wireline logs indicate hydrocarbons in the Mid Triassic horizon. • ...
  • Nostrum Oil & Gas: Proven Reserve Replacements Ratio at 65% February 23, 2015 - Nostrum Oil & Gas PLC, an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces the results of the independent reserves audit of its licenses in north-western Kazakhstan as at 31 December 2014. Highlights from the 2014 ...
  • Gazprom Dobycha Krasnodar: Appoint Alexander Koryakin as General Director February 23, 2015 - Alexander Koryakin is appointed Director General of Gazprom Dobycha Krasnodar. Alexander Koryakin was born in Chelyabinsk in 1968. He graduated from Perm Polytechnic Institute in 1992, majoring in Oil and Gas Field Development. Alexander Koryakin has an MBA degree. He has been employed at Gazprom for 22 years. Between 1992 and 1993 – oil and gas production operator of the 5th grade, oil and ...
  • BP: Loses Bid to Reduce Macondo Civil Fine February 20, 2015 - BP has lost its bid to reduce the maximum civil fine of $13.7bn (£8.9bn) it could face for its role in the 2010 Gulf of Mexico oil spill. A US judge rejected BP’s appeal to pay a cap of $3,000 per barrel under the country’s Clean Water Act. Government prosecutors ...
  • Eurasia Drilling Company: Update on Schlumberger Merger Timetable February 20, 2015 - Eurasia Drilling Company Limited announces that Schlumberger B.V. (“SLB”) and the Company are continuing to cooperate with the Russian Federal Anti-Monopoly Service (“FAS”) to respond to requests for information regarding the transaction described in the circular to Shareholders dated 20 January 2015.  The merger (the “Merger”) between the Company and ...
  • Federal Anti-Monopoly Service Delays Schlumberger’s Purchase of Eurasia Drilling February 20, 2015 - Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially ...
  • C.A.T. oil AG Confirms the Resignation of the Supervisory Board February 20, 2015 - Management and the Supervisory Board of Vienna based C.A.T. oil AG confirm the resignation of the chairman of the Supervisory Board, Mr Gerhard Strate, and the remaining members of the Supervisory Board with immediate effect. Mr Manfred Kastner, CEO, expressed on behalf of the Company gratitude and recognition for the ...
  • Shelton Petroleum: 2014 Year Review February 20, 2015 - Production during 2014 reached 880 barrels per day, which is an increase of 29 per cent compared to the previous year. The operating result in 2014, excluding one-off items in the second and third quarters, amounted to SEK 28 million, equivalent to an operating margin of 25 per cent. In ...
  • Gazprom Neft Novy Port: Makes First Winter Shipment February 20, 2015 - Gazprom Neft Novy Port has made its first ever winter shipment of oil from the Novy Port (Novoportovskoye) field on the Yamal Peninsula. 16 thousand tonnes of crude oil was shipped to European consumers by oil tanker, escorted by an atomic icebreaker. The Novy Port oil will be delivered to ...

Latest Issue

Latest

Rosneft-1
Russia Upstream Magazine

Rosneft: The Petroleum Potential of the Middle Devonian Deposits of the Sorochinsko-Nikolskoye Field in the Orenburg Oblast

Introduction The appraisal of the Sorochinsko-Nikolskaya block began in the middle of the 20th century: geological prospecting work resulted in the discovery of reservoirs in the Artinskian, Ufimian, Okskian, Bobrikovskian and Tournaisian deposits. Devonian deposits have been poorly appraised, the appraisal only covered Upper Devonian. In the Upper Devonian deposits …

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PowerGeneration-Roundtable
Oil Gas Technology RoundtablesRussia Upstream Magazine

Technology Roundtable: Power Generation

Organising power generation for an oilfield used to be a simple case of purchasing a power supply. Nowadays this has evolved into choosing a turnkey, specifically designed technology solution. Do you agree with this? How do you tailor your solutions for your customer’s needs? Caterpillar Oil & Gas: Our customers’ needs have evolved over …

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RPI
Russia Upstream Magazine

Russian Drilling Market: A Paradigm Shift

In all likelihood, the year 2014 will go down on record as a turning point for the Russian drilling market. New trends have been seen on this market for the first time in several years, i.e. a decline in the scope of total drilling instead of growth that was recorded …

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EnergyAspects
Russia Upstream Magazine

Gazprom & Russian Gas Production Overview & Future Developments

In the first part of this article, we look at reserves and major projects for the Russian upstream gas sector. In part 2, to be published in the next issue of ROGTEC Magazine, the article will conclude by looking at the production outlook, including market risks.  One of the conundrums …

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Rosneft-2
Russia Upstream Magazine

Udmurtneft: Applictaion of Fibre Glass Tubing

Introduction The fields at Udmurtneft are at the late stage of development, which is characterised by a high water cut and also the corrosiveness of the produced fluid, which are the main reasons for a considerable number of downhole pumping equipment failures caused by corrosion. The use of fresh surface …

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SPD
Russia Upstream Magazine

SPD Implements Innovative Self Healing Pipe Dope Technology

Salym Petroleum Development (SPD), a 50/50 joint venture of Shell and Gazprom Neft companies, collaborates closely with Shell Global Solutions (SGS) on the realization of new technologies in the Salym group of oil fields. SPD is renowned in the West Siberian oil and gas industry to be a leading incubator …

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Drillmec-Show moscow
Conference and Exhibition News and UpdatesRussia Upstream Magazine

Drillmec Conference: AHEAD & HoD

The Mobius Group was proud to host a turnkey, privately organized conference for Drillmec S.p.A. in central Moscow, on the 28th October, “The Drillmec Russian Technology Conference”. The Drillmec Russian Technology Conference, held at the Kempinski Baltschug, is one of Moscow´s most famous and prestigious 5 Star venues and was …

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Eriell
Oil Gas Industry InterviewsRussia Upstream Magazine

The ROGTEC Interview: Mikhail Vilkov, Deputy General Director – Chief Engineer of RBU Russia, ERIELL Group

A year ago, ERIELL Group broke a number of records in drilling the first 1km horizontal well at the the Urengoyskoye oil and gas condensate field in the Yamalo-Nenets Autonomous District. The well was drilled in the Achim deposits. During drilling, we broke our own records for both drilling time …

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Show-Review
Conference and Exhibition News and UpdatesRussia Upstream Magazine

ROGTEC on the Road!

The ROGTEC Magazine team were all over the region this autumn, exhibiting/distributing the latest issue at the leading events such as SPE Moscow, Sakhalin O&G, SPE Caspian, NGK, RPI and we were proud to be the only mainstream Russian magazine to have attend the KIOGE event in Almaty with a …

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Event News

Company News

  • Liebherr Offshore Cranes Set New Record March 2, 2015 - 87 units supplied in 2014 – more than twice as many as in 2012 Board offshore cranes (BOS) and mast type cranes (MTC) are bestsellers Well-filled order book leads to optimistic outlook Liebherr offshore cranes set a historical record in terms of annual deliveries, supplying as many cranes per year ...
  • SLC-Group: Horizontal Oil Well for Rosneft March 2, 2015 - 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: ...
  • National Oilwell Varco Declares Regular Quarterly Dividend March 2, 2015 - National Oilwell Varco, Inc. announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on March 27, 2015 to each stockholder of record on March 13, 2015. National Oilwell Varco is a worldwide leader in the design, manufacture and sale ...
  • Bentec: New Generation of Arctic Cluster Slider Rig Put into Operation February 27, 2015 - Major Russian client to benefit from superior and safe drilling performance As part of a major contract for the supply of two rigs in Komi Republic in the north of Russia, Bentec was in charge of designing, manufacturing and delivering a new generation of its arctic cluster slider rig. Coming ...
  • Exterran Holdings Reports Fourth-Quarter and Full-Year 2014 Results February 26, 2015 - Exterran Holdings, Inc. today reported EBITDA, as adjusted (as defined below), of $182.3 million for the fourth quarter 2014, as compared to $170.6 million for the third quarter 2014 and $154.4 million for the fourth quarter 2013. EBITDA, as adjusted, of $182 million for the quarter Organic horsepower growth of ...

Technology Focus

  • TAM International Introduces Next Generation of TAM FastSwell® Technology February 25, 2015 - TAM International, Inc., an independent oilfield services company providing inflatable and swellable packers, has introduced a new swellable packer technology as part of their extensive FREECAP® swellable packer product line. The TAM FastSwell® technology utilizes a proprietary process that alters the geometric design of the elastomer to provide ultra-fast, but ...
  • Aker Solutions Develops Capping Technology to Limit Deepwater Drilling Risks February 19, 2015 - Aker Solutions delivered the key subsea component for the system being developed by Marine Well Containment Company to limit environmental risks from oil and gas production in the U.S. Gulf of Mexico. The Subsea Containment Assembly, or SCA, is designed to contain a well-control incident by connecting and creating a ...
  • Schlumberger: Introduces “Infinity” Industry-First Fully Dissolvable Plug-and-Perf System February 16, 2015 - Infinity system degrades completely, leaving fullbore access without the need for intervention for faster production Schlumberger announced today the release of the Infinity* dissolvable plug-and-perf system. This unique solution uses fully degradable fracture balls and fully degradable seats instead of plugs to isolate zones during well stimulation. “Operators are continuously ...
  • Tenaris: Sakhalin Island’s ERD Wells Adopt Blue Connections February 5, 2015 - The high reliability of TenarisHydril Blue® connections proves instrumental in the installation of challenging horizontal casing strings in the Russian Far East. Reaching under the Sea of Okhotsk Located around 7 km off the coast of Russia’s Sakhalin Island under the freezing waters of the Sea of Okhotsk, the field ...
  • Tenaris: Improved Operational Performance in Siberia January 29, 2015 - Dopeless® technology and field services: a reliable combination for the Arctic region. Summary A major development inside the Arctic Circle In 2009, Tenaris supplied the operator with over 180,000m (590,000ft) of 7″ casing tubes with TenarisHydril Blue® Dopeless® connections. Tenaris also provided a broad range of associated field services, supplied ...