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Integra Group Reports Interim 1H 2011 Financial Results and Order Book Update

Integra Group (LSE: INTE), a leading independent provider of diversified oilfield services, released today its unaudited Interim Condensed Consolidated Financial Statements, prepared in accordance with IFRS, for the six months ended June 30, 2011. Stronger volume of services across all of our segments was the primary revenue growth factor in …

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Integra Group announces acquisition of SIAM Company

Integra Group announces that it has executed a purchase and sale agreement to acquire SIAM Company (SIAM), a leading Russian oilfield services company specializing in wireline and slickline services, production logging and testing. The transaction amount is RR2.2 bln (US$76 mln). Integra Group anticipates that closing of the transaction will …

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Integra Group divests assets of OOO TSZ

Integra Group announces the sale of OOO TSZ which owns the assets of former Tyumen Shipbuilding Plant for RR773 million (US$26.7 million) to OOO Monolit held by DOM Group, one of the largest real-estate developers in Tyumen. The proceeds from the sale will be used for general corporate purposes of …

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BREAKING NEWS – ROSNEFT AND EXXONMOBIL TO JOIN FORCES IN THE ARCTIC AND BLACK SEA OFFSHORE, ENHANCE CO-OPERATION THROUGH TECHNOLOGY SHARING AND JOINT INTERNATIONAL PROJECTS

Rosneft and ExxonMobil have executed a Strategic Cooperation Agreement under which the companies plan to undertake joint exploration and development of hydrocarbon resources in Russia, USA and other countries throughout the world, and to commence technology and expertise sharing activities. – $3.2 billion exploration program planned for Kara Sea and …

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Max Petroleum Third Successful Well Drilled in Uytas Field

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-3 confirmation well in the Uytas Field has reached a total depth of 825 metres, with electric logs indicating a total of 31 metres of net oil pay in …

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Shtokman income tax rate in the Murmansk Region will be set at 13.5%

in the course of the teleconference Mr. Dmitry Dmitrienko, Governor of the Murmansk Region and Mr. Alexei Zagorovskiy, Chief Executive Officer of the Shtokman Development AG (SDAG) discussed current issues of cooperation between SDAG and the Government of the Murmansk Region. The parties have underlined the importance of state support …

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Exillon Energy Interim Results for the First Six Months of 2011 and Recent Drilling Update

Exillon Energy plc, a British listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today issues its interim results for the first six months to 30 June 2011, and an update on recent drilling results. The financial and production data are for …

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Baker Hughes Consolidates Consulting Services under Gaffney, Cline & Associates

Baker Hughes announced today the consolidation of its consulting services into Gaffney, Cline & Associates. Baker Hughes acquired several consulting companies – including Gaffney, Cline & Associates, EPIC and the consulting division of Helix RDS – in 2008 and 2009. The new organization brings together approximately 300 consultants, working in …

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West Mailisu 2 Swabbing Equipment Delay

Caspian Oil & Gas Limited reports that after perforating Bed III with a shot over the interval 1785-1795.5m progress on its West Mailisu #2 well has been slowed by the unavailability of equipment. The West Mailisu #2 well is on Caspian’s 100%-owned West Mailisu licence in the Kyrgyz Republic, Central …

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Eurasia Drilling Financial Results

Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today released its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2011. The reviewed 2011 Interim Consolidated Financial Statements for the six months ended June …

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