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Russia & CIS, OIL & GAS News

  • Novatek: Reserve Replacement Running at 109% January 30, 2015 - OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic ...
  • Urals Energy: ArticNeft – Workover Successful, Petrosakh – Cementing Underway January 30, 2015 - Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce the following update on its operations at ArticNeft and Petrosakh as well an update on the litigation: ArticNeft Perforation of four wells of its six well work over programme has been successfully completed. ...
  • Bashneft and Yokogawa Sign Partnership Agreement January 29, 2015 - JSOC Bashneft and Yokogawa Electric Corporation have signed a Long-Term Partnership Agreement on supplying production facilities of the refining complex in Ufa with Automatic Process Control Systems (APCS) and Instrumentation and Control Equipment (I&C). The document was signed by Alexander Korsik, President of JSOC Bashneft, and Shuzo Kaihori, Chairman and ...
  • GlobalData Analyst: Russia’s Oil and Gas Tax Policies Increasingly Looking Eastward January 29, 2015 - The recent changes in the taxation of Russia’s oil and gas sector reflect both the country’s pivot eastward and the special treatment afforded to its state-controlled energy companies, says an analyst with research and consulting firm GlobalData. Russia’s recent fiscal changes shift the tax burden from export duty on oil ...
  • Gazprom: 2014 Results, Sales Up, Profits Down January 29, 2015 - Today Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the nine months ended September 30, 2014. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the nine months ended ...
  • 2nd Unconventional Oil Russia Technology Conference – Date and Venue Confirmed January 29, 2015 - We are pleased to be able to announce that Russia’s premier unconventional oil event, UOR, Unconventional Oil Russia Technology Conference, is returning for its second year. The 2nd UOR will take place on the 21st May 2015 in Moscow at the Baltschug Kempinski Hotel. With the falling oil price, western sanctions ...
  • Gazprom Neft: Gas-Turbine Thermal Power Plant Delivered to the Vostochno-Messoyakhskoye Field January 29, 2015 - The transportation of six 13MW gas-turbine power units to the Vostochno-Messoyakhskoye field, for construction of a gas-turbine thermal power plant (GTPP), has now begun. The equipment is currently in Novy Urengoy, from where it will be transported (on winter roads) for installation on pre-prepared foundations. The GTPP will be brought into operation in 2016, following construction of the turbine hall and all auxiliary ...
  • TATNEFT: Reservoir Pressure Maintenance System Development January 29, 2015 - JSC TATNEFT continues developing promising technologies for reservoir pressure maintenance (RPM) aimed at reducing energy costs and increasing production efficiency. The Company continued to work on injection wells downhole equipment protection against high pressure and corrosion as well as on optimization of the reservoir pressure maintenance processes. 199 new injection ...
  • LUKOIL: Board of Directors Summarises Company 2015 Preliminary Performance and Sets Priorities for 2015 January 29, 2015 - The LUKOIL Board of Directors held a meeting in Moscow today to summarize the preliminary results of the company performance in 2014 and set priorities for 2015 and the near term. In 2014, as a result of prospecting, 14 fields were discovered, while 38 oil deposits were identified in the ...
  • Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing January 28, 2015 - “Gazprom Neft-Khantos” completed the first two test wells drilled in the south licensed the Ob field to explore reserves Bazhenov horizon. Both directional wells conducted hydraulic fracturing (HF), a flow of hydrocarbons in the near future will be completed testing of two similar wells. “Gazprom Neft-Khantos” many years develops traditional ...

Event News

  • 2nd Unconventional Oil Russia Technology Conference – Date and Venue Confirmed January 29, 2015 - We are pleased to be able to announce that Russia’s premier unconventional oil event, UOR, Unconventional Oil Russia Technology Conference, is returning for its second year. The 2nd UOR will take place on the 21st May 2015 in Moscow at the Baltschug Kempinski Hotel. With the falling oil price, western sanctions ...
  • RAO/CIS Offshore 2015: Prospects of Development of Offshore Oil and Gas Fields January 29, 2015 - 15 – 18 September 2015, RAO/CIS Offshore, 12th International Conference and Exhibition for Oil and Gas Resources Development of the Russian Arctic and CIS Continental Shelf, will be held in Saint-Petersburg, Russia. RAO / CIS Offshore is the event with a twenty-year history, which leading Russian scientists and the world’s ...
  • The annual meeting of procurement executives of oil and gas companies will be held on March, 17 in InterContinental Moscow Tverskaya Hotel January 21, 2015 - On the 10th annual conference Oil and Gas Industry Supply Chain (NEFTEGAZSNAB-2015) procurement executives of Rosneft, Gazprom Neft, Transneft, Surgutneftegaz, Tatneft, Bashneft will meet with their suppliers. The conference NEFTEGAZSNAB-2015 which is held in InterContinental Moscow Tverskaya Hotel is the biggest Russian event where procurement executives are gathered. The main ...
  • SPE Russian Petroleum Technical Conference 2015 – Call For Papers is Open! January 19, 2015 - “The end of the oil era is still far away,” according to Christophe de Margerie. His prediction serves as the inspiration for this year’s Russian Petroleum Technical Conference, to be held 26-28 October in Moscow. The 2015 conference covers all the key issues and challenges of the oil and gas ...
  • RDCR 2015 – Less than 4 months to go! December 17, 2014 - The 3rd RDCR is taking place in less than 4 months at the Baltschug Kempinski Hotel in Moscow – have you ensured your attendance? The 9th April will see the 3rd instalment of the hugely successful RDCR – the leading drilling technology event for the Russian oil and gas sector. ...
  • The Inaugural SPE Caspian Technical Conference and Exhibition (CTCE) Sets a High Standard December 16, 2014 - The inaugural SPE Caspian Technical Conference and Exhibition (CTCE) – the first technical oil and gas conference ever to take place in the region – has come to a close after three packed days.    Over 500 industry professionals passed through the doors of the Korme Exhibition Center in Astana ...
  • Drillmec Conference: AHEAD & HoD December 9, 2014 - 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 ...
  • ROGTEC on the Road! December 9, 2014 - 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 ...
  • Oil and Gas Horizons will be held from the 24th to the 26th of November 2014 at Gubkin Russian State University of Oil and Gas November 18, 2014 - Oil and Gas Horizons will be held from the 24th to the 26th of November 2014 at Gubkin Russian State University of Oil and Gas in Moscow and is being organized by Gubkin University SPE Student Chapter. This year will be the sixth annual edition of Oil and Gas Horizons. ...
  • SPE Regional Awards Presented at CTCE – Schlumberger Tops Medal Table November 14, 2014 - The Society of Petroleum Engineers recognized regional members for service and leadership at an awards ceremony at its inaugural Caspian Technical Conference and Exhibition (CTCE) this week. The award recipients for Russia and the Caspian are: · Completions Optimisation and Technology Award: Sergei Vereschagin, Schlumberger · Distinguished Achievement Award for ...

Company News

  • Cubility: Appoints Knut Haga as Chief Technology Officer January 29, 2015 - Cubility AS, an industry-leading provider of solids control solutions that improve efficiencies and HSE around drilling operations, today announced the appointment of Knut Haga as the company’s new Chief Technology Officer. Knut’s role will be to manage Cubility’s technology and R&D strategy, taking responsibility for technological development, project management and ...
  • Russian Direct Investment Fund Comments on Eurasia Drilling and Schlumberger Merger January 20, 2015 - Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil ...
  • Eurasia Drilling Company To Merge With Schlumberger January 20, 2015 - Eurasia Drilling Company Limited announces that it has today agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, ...
  • Schlumberger: Q4 and 2014 Results – $296m Charge for 9,000 Layoffs January 16, 2015 - Houston, January 15, 2015—Schlumberger Limited today reported results for the full-year and fourth-quarter 2014. Full-year results are shown here. – Fourth-quarter revenue of $12.6 billion increased 6% year-on-year – Fourth-quarter EPS of $1.50, excluding charges and credits, grew 11% year-on-year – Board approves 25% increase in dividend, effective April 10, ...
  • Polarcus: Rod Starr to Succeed Rolf Ronningen as Chief Executive Officer January 12, 2015 - Polarcus Limited announces that the Board of Directors has, following a comprehensive selection process, chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod takes up his ...
  • Vikoma International: Paul Raynor Appointed Sales Director January 7, 2015 - Leading oil pollution and environmental technology company, Vikoma International Limited, has appointed a new Sales Director with a wealth of market sector experience. Vikoma International leads the world in the design, manufacture and installation of oil spill containment and recovery equipment. The business has a global reputation for the development ...
  • ShawCor: Completes the Acquisition of Dhatec B.V January 5, 2015 - ShawCor Ltd. announced today that it has completed the acquisition of Dhatec B.V. for an undisclosed amount. Dhatec is a Netherlands based company which designs, assembles and markets engineered pipe logistics products and services which mitigate damage and enhance safety and efficiency in the manufacturing, coating, handling, transportation, preservation and ...
  • Bashneft: Signs Automation Agreement with Emerson January 5, 2015 - Bashneft and Emerson Process Management have signed a long-term Memorandum of Cooperation on the development of systems for comprehensive automation of industrial facilities. The document was signed by Bashneft’s President Alexander Korsik and Nikolay Shestakov, Vice President of Emerson Process Management, Director General of LLC Emerson. In accordance with the ...
  • Arctech Helsinki Shipyard: Fully Owed by United Shipbuilding Corporation After Buyout January 5, 2015 - Arctech Helsinki Shipyard is in 100 % Russian ownership as United Shipbuilding Corporation bought the other half of the company shares from STX Finland Oy. Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50% of the shipyard shares from STX Finland, a ...
  • Weatherford: Completes Drilling Fluid Business Unit Sale to Lubrizol January 5, 2015 - Weatherford International plc closed the previously announced sale of the Company’s engineered chemistry and Integrity drilling fluids businesses to an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for a purchase price of $750 million, subject to a customary post-closing working capital adjustment. Weatherford may also receive a potential ...

World News

  • BG Group revises Chief Executive remuneration package December 4, 2014 - BG Group revises Chief Executive remuneration package 1 December 2014 Following extensive shareholder consultation, the BG Group Board and Helge Lund wish to respond to BG Group shareholder concerns. The Company today announces revisions to the remuneration package for its new Chief Executive, Mr Lund. The revised package ...
  • Repsol launches its new range of lubricants, Repsol Moto’, designed with MotoGP technology December 4, 2014 - Press Release 8 November 2014 14:30 CET Repsol has presented ‘Repsol Moto’, the new range of lubricants that is already available to purchase. The event was held during the Valencia Grand Prix leg of the ...
  • Repsol net income rises 28% to 1.646 billion euros December 4, 2014 - Press Release 6 November 2014 08:10 CET In the first nine months of 2014, Repsol posted net income of 1.646 billion, a 27.9% rise from the same period of the previous year. These results reflect ...
  • Repsol makes a significant oil discovery in the United States’ Gulf of Mexico December 4, 2014 - Press Release 27 October 2014 14:10 CET Repsol has made a new discovery of high quality oil in the United States’ Gulf of Mexico. The find was made 352 kilometres from the Louisiana coast in ...
  • Repsol and Indra win award for offshore safety technology project December 4, 2014 - The pioneering HEADS project, jointly developed by Repsol and Indra, has been recognised by World Oil magazine as “Best Health, Safety, Environment/Sustainable Development Offshore.” The project involves cutting-edge technology, the only of its kind in the world, aimed at maximising safety in offshore operations. Repsol contributed its extensive knowledge ...
  • Repsol and the Spanish Red Cross sign a framework agreement to help the most vulnerable December 4, 2014 - Press Release 13 October 2014 18:18 CET Repsol and the Red Cross have signed a framework agreement to enhance collaboration between the two entities and open a new area of co-operation to further undertake activities ...
  • Appendix 3X (Tilbrook) December 4, 2014 - ​Click to view the full announcement:  Appendix 3X (Tilbrook) Source Article from http://www.woodside.com.au/Investors-Media/Announcements/Pages/Appendix-3X-(Tilbrook).aspx Related posts: Appendix 3Z (Cole) Appendix 3Y (Cole) Appendix 3Y (Cooper, Haynes, Jamieson, Ryan) CEO address at METI LNG Conference Resignation of Director Appointment of Non-Executive Director NWS Project Approves Development of Persephone Project Woodside Enters into ...
  • Appendix 3Z (Cole) December 4, 2014 - ​Click to view the full announcement: Appendix 3Z (Cole) Source Article from http://www.woodside.com.au/Investors-Media/Announcements/Pages/Appendix-3Z-(Cole)-.aspx Related posts: Appendix 3Y (Cole) Appendix 3X (Tilbrook) Appendix 3Y (Cooper, Haynes, Jamieson, Ryan) Resignation of Director CEO address at METI LNG Conference Appointment of Non-Executive Director NWS Project Approves Development of Persephone Project Woodside Enters into ...
  • NWS Project Approves Development of Persephone Project December 4, 2014 - Woodside, as Operator of the North West Shelf (NWS) Project, advises that the NWS Project participants have approved the Persephone Project off the north-west coast of Australia. The Persephone Project is the third major gas development for the NWS Project in the past six years, demonstrating the joint venture’s commitment ...
  • Resignation of Director December 4, 2014 - Woodside advises Rob Cole has resigned as an Executive Director of Woodside. His resignation will be effective immediately. Mr Cole has also resigned as Executive Vice President Corporate and Commercial. ​Click to view the full announcement: Resignation of Director   Source Article from http://www.woodside.com.au/Investors-Media/Announcements/Pages/Resignation-of-Director.aspx Related posts: Appointment of Non-Executive Director ...