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TNK-BP ENTERS INTO US$2.0 BN LOAN FACILITY AGREEMENT WITH A CLUB OF INTERNATIONAL BANKS

TNK-BP entered into a US$2.0bn unsecured dual tranche facility agreement with a club of international banks. The new facility is the largest debt transaction arranged by TNK-BP since inception. The maturity of the loan is 3 years and the interest rate is 1.75% per annum above LIBOR. The facility is …

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Major Arctic Oil & Gas Event Launch

The challenge of finding, developing and operating Arctic oil and gas fields is one of the upstream industry’s most pressing issues, with a new event being launched in Russia to identify and discuss emerging technology needs and how to accelerate their adoption and implementation. The SPE 2011 Arctic & Extreme …

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BAKER HUGHES ACQUIRES RESERVOIR MODELING SOFTWARE DEVELOPER

JOA JewelSuite software provides a seismic-to-simulation reservoir integration platform for all Baker Hughes technology offerings HOUSTON, TX – October 7, 2010 – Baker Hughes (NYSE: BHI), announced today that its subsidiary has acquired the remaining interest in oil & gas reservoir modeling software developer JOA Oil & Gas BV, which …

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Polarcus receives Letter of Intent for large 3D seismic acquisition program

Polarcus Limited (OAX: PLCS) announced today that the Company has received a Letter of Intent for a series of consecutive 3D seismic acquisition projects offshore South America. The minimum program duration is estimated at three and a half months, with the potential to expand to five months. Further, pursuant to …

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