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UOR, Unconventional Oil Russia, due to the ongoing sanctions program imposed by the Western nations on the Russian markets, has been temporarily suspended.

TMG Worldwide view the sanctions program as regrettable and a hindrance to good business relations and international cooperation. We look forward to continuing with the excellent UOR platform once a sensible business climate allows.

Hardbanding Solutions: Instructional Films Before Launch of SkyGo Mobile Hardbanding

In preparation for the launch of our fully mobile hardbanding range, SkyeGo, Hardbanding Solutions have this week been working with Urbancroft, a multi-award winning film production company. Three training films will be shot...

Hardbanding Solutions: New Hardbanding Procedure Extends Life of Work String Connectors

Rather than replacing worn work tube, a new procedure for the application of Duraband ® NC hardbanding on work string tubing connections is said to restore worn work string tubulars...

Gazprom Neft Orenburg: Use First Acid Proppant Fracturing Technique

Multi-stage acid-proppant fracturing has been used for the first time by Gazprom Neft, at well No. 1522 in the Eastern block of its Orenburgskoye oil and gas-condensate field....

Rosneft: Agrees Samotlor Development Program

Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field...

Rosneft: Board of Directors Approves 2018-2019 Plan of Financial and Economic Activities

Rosneft Board of Directors approved the plan of Company’s financial and economic activities for 2018-2019 on an in-person meeting in Sochi...

Rosneft: Board of Directors Approves “ROSNEFT-2022” Strategy

Rosneft Board of Directors approved the “Rosneft-2022” Strategy aimed to qualitatively change the Company’s business by introducing the advanced management approaches and new technologies...

NOV: To Acquire Vallourec Drilling Products for $63m

Vallourec announces that, after negotiations run with the US oil services company NOV, it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million...

GE: To Divest Baker Hughes?

GE‘s new CEO’s plans stick to health care, power and aviation, stop short of breakup. General Electric Co.’s new leader plans to unveil a road map Monday for the conglomerate...

Gazprom Neft and MIPI: Establish Bazhenov Fracturing Research Centre

Gazprom Neft, together with the at the Moscow Institute of Physics and Technology (MIPT) Engineering Centre have established a fracking support centre in St Petersburg to investigate optimum technological solutions...

Gazpromneft-Lubricants: Launches Drilline For Oil Based Muds

Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, has become the first company in Russia to start producing oils for the production of drilling fluids using its own technology...

TMK Group: To Supply LUKoil’s Subsidiaries with Over 18,000 tons of Casing

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, will supply 18.4 thousand tonnes of casing pipe with TMK UP premium threaded connections to LUKOIL subsidiaries...

Emerson Agrees to Acquire Paradigm

Emerson has agreed to acquire Paradigm®, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA...

Microsoft and Halliburton: Form Digital Alliance to Drive Digital Transformation

Microsoft Corp. and Halliburton today announced plans to enter into a strategic alliance to drive digital transformation across the oil and gas industry. The relationship will combine the expertise of a global leader in cloud and digital transformation...

RussNeft: Bazhenov Sredne-Shapshinskoye Field Testing at 100 T/D

“In the course of testing of Bazhenov Formation, RussNeft obtained a flow rate of 100 tonnes per day at Sredne-Shapshinskoye field”, says the press release of the company...

Total: Acquires Maersk Oil $7.45 billion in a Shares and Debt

Total is pleased to announce that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S, a wholly owned subsidiary...

TMK: Launches ТМК UP CENTUM Thread on Casing Pipe

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has become the first Russian manufacturer to start the production of casing pipe with unique TMK UP CENTUM threaded connections...

Schlumberger Announces Agreement to Acquire Majority Share in Eurasia Drilling Company

Agreement extends successful long-term relationship in the conventional land drilling market. Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited...

Baker Hughes and GE Oil & Gas Complete Combination: Creating BHGE, the World’s First and Only Fullstream Oil and Gas Company

Baker Hughes, a GE company (NYSE: BHGE) announced today that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together industry-leading equipment...

GE and Baker Hughes: Merger Expected to Close 3rd of July

Baker Hughes Incorporated today announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric...

Gazprom Neft to Develop Cooperation with American Oil Services Company Helmerich & Payne

Gazprom Neft has concluded a long-term partnership memorandum on oil and gas projects in Russia with American oil services company Helmerich & Payne International Drilling Co. The document, outlining the terms of the partnership, was signed by First Deputy CEO...