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18.12.2012
Reef Subsea wins Statoil contract for Grane field permanent reservoir monitoring system
Reef Subsea has announced a major contract by Statoil for the seismic monitoring system installation in the Grane field offshore Norway. The contract, worth over $22 million, will see all capabilities of the Reef Subsea Group called on Subsea... More»
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18.12.2012
21st World Petroleum Congress
Over 30% of the exhibition space already booked! More»
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17.12.2012
Rosneft taps oil traders in fundraising
Faced with the need to raise as much as $45bn in cash to fund the largest nationalisation in Russian history, Rosneft is negotiating with oil traders to raise part of the cash through future oil export sales. More»
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13.12.2012
Rosneft Signs Agreement to Purchase AAR Consortium’s 50% Stake in TNK-BP
Rosneft signed in Munich an agreement to purchase from the AAR Consortium (Alfa Group, Access Industries and Renova) its 50% stake in TNK-BP. The purchase price in the transaction is determined based on the base value of AAR’s stake in TNK-BP of... More»
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10.12.2012
Rosneft and ExxonMobil Sign Agreement For Western Siberia Tight Oil Pilot Project
Rosneft and ExxonMobil signed a Pilot Development Agreement establishing a joint project to assess the possibility of commercial production of tight oil reserves at the Bazhenov and Achimov formations in Western Siberia. More»
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06.12.2012
Caterpillar and Ariel Corp. to partner on complete pressure-pumping solutions to global oil and gas customers
Caterpillar Inc. and Ariel Corporation announced the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry. The combined venture, Black Horse LLC, also announced... More»
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05.12.2012
Gazprom Takes World’s Top Oil, Gas Producer Title
OAO Gazprom has been named the biggest overall producer of oil and gas, concludes the latest report from industry experts GlobalData. More»
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27.11.2012
TNK-BP and Weatherford Achieve 15% Increase in Efficiency of Drilling Complex Wells
TNK-BP announces that OJSC Orenburgneft (a member of the TNK-BP Group of Companies) jointly with leading global oilfield services company Weatherford has successfully completed a pilot project to deploy a motorized drilling system called... More»
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26.11.2012
Rosneft and Statoil Sign Declaration on Russian Arctic Shelf Environmental Protection
Rosneft President and Chairman of the Management Board Igor Sechin and President and CEO of Statoil Helge Lund signed a Declaration on Protection of the Environment and Biodiversity for Oil and Gas Exploration and Development on the Russian Arctic... More»
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23.11.2012
Rosneft signs definitive agreements to acquire 50% stake in TNK-BP from BP
Rosneft announced that it has entered into definitive agreements with BP for the purchase of BP’s 50% interest in TNK-BP in exchange for $17.1 billion in cash and 12.84% Rosneft shares currently held in treasury. The completion is subject to... More»
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