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SPE Arctic Industry Leaders to Focus on Arctic Development

The challenge of finding, developing and operating oil & gas fields in the Arctic and surrounding extreme environments is one of the international exploration & production industry’s most pressing issues. SPE Arctic & Extreme Environments 2011 provides the upstream industry with an exclusive opportunity to discuss, debate and develop the …

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International Petroleum Oil Discovered in Krasnoleninskiy Well No 2 and testing results from Well No 1

International Petroleum Limited, an oil and gas exploration company with assets in Kazakhstan and Russia, is pleased to announce that oil has been found during drilling of Well No. 2 and provide an update on drilling of Well No. 1 at its Krasnoleninskiy Project in Western Siberia. Preliminary investigations on …

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Tethys Petroleum AKD03-Dione Exploration Well Tests Oil from Cretaceous

Tethys Petroleum Limited today announced that the AKD03 Dione exploration well has tested oil from the Cretaceous interval, the uppermost pay zone in the well. This interval, a sandstone of Middle Cretaceous (Albian) age at 1,630 metres (5,346 feet), tested 40° API oil (slightly heavier than the oil in the …

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Motorola Solutions Reduces Power Consumption by up to 60% with New Next Generation TETRA Platform

Dimetra™SR 8.0 offers network operators a simpler and more cost effective platform on which to deliver TETRA mission critical communications to public safety users Motorola Solutions), the world’s leading provider of mission-critical communications solutions, today announces Dimetra SR 8.0 (system release), a significant new software release of its powerful TETRA …

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Tatneft Successful Solution of Multi Issue Problems in Crude Oil Production with Lufkin Automation

OAO TATNEFT applies controllers of Lufkin Automation Company with the aim of succeeding in solving industrial and technological problems in oil production, management of the wells operation and its optimization. The controllers help to remotely control downhole pumping equipment operation and set the wells operating mode, thereby increasing the rate …

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Gazprom Neft and Schlumberger sign technological co-operation agreement

Gazprom Neft and Schlumberger announce that they have signed a technological cooperation agreement to increase efficiency of hydrocarbon exploration and production at Gazprom Neft’s deposits, both in Russia and abroad. Following the signing of the agreement, a coordination committee made up of representatives from both companies has been formed. The …

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KazMunaiGaz Exploration Production reports the loss in daily oil production caused by the labour action at Uzenmunaigas

KazMunaiGaz Exploration Production reports the loss in daily oil production caused by the labour action at Uzenmunaigas (UMG) production facility in the city of Zhanaozen (Mangistau region). Some of the UMG workers, especially from the transportation unit did not come to work which disrupted normal well servicing and well workover …

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PetroKamchatka Plc announces lifting of trading halt

PetroKamchatka Plc, an international junior oil exploration company incorporated in the Bailiwick of Jersey, is pleased to announce that trading of its common shares is to resume on May 27, 2011. Trading was halted on May 18, 2011 at the request of the TSX Venture Exchange (the “TSX-V”) to allow …

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Tethys Petroleum TAJIK EXPLORATION WELL FINDS OIL

Tethys Petroleum Limited today issued a holding statement with regard to oil being encountered in its Tajik exploration well East Olimtoi EOL09 in order to ensure all pertinent information is available to the market and the Company’s stakeholders. While drilling at a depth of 3,342 metres in sandstones of the Alai formation (a …

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Alliance Oil Company announces proposed rouble bond offering

OJSC “Alliance” Oil Company, a subsidiary of Alliance Oil Company Ltd has announced a MRUB 5,000 bond offering. The proposed bond offering will be subject to market conditions. The Company targets an interest rate of 9.5-10.0 per cent per annum for a 10-year tenor with a 5-year put option. The Company has mandated Raiffeisen Bank …

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