Ratings // News

TNK-BP discussed remediation of lands in the company’s fields with independent environmental protection organizations.

The OAO TATNEFT’s innovative projects in e-learning: "Electronic Corporate University" of OAO TATNEFT (ECU) and "Students’ Labor Exchange" received a high appraisal at the Silicon Valley, USA.

Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for the period ended 31 March 2012.

TNK-BP has announced the appointment of Evert Henkes to the Board of Directors of TNK-BP Limited as a BP-nominated independent director. Mr.Henkes becomes the 10th member of the Board of Directors of TNK-BP Limited and the second of the Board’s three independent directors.

11,125 inventions, utility models and rationalization proposals were introduced in the production at OAO TATNEFT in 2011 and the Company received 213 patents for inventions and utility models.

TNK-BP reports that its Orenburg Conflict Resolution Commission held a regular meeting this week to review contractor applications about tenders. Upon reviewing one of the applications, the Commission ruled in favor of the contractor.

Khanty-Mansiysk. On May 18, 2012 Salym Petroleum Development N.V. (SPD), OOO “Monolit” and OAO NK RussNeft launched the liquefied petroleum gas (LPG) plant located in Salym group of oil fields in Western Siberia.

The Russian government intends to hold auctions in the coming months to offer stakes in state companies as part of a program to privatize government shareholdings.

With industry interest reawakened by recent deepwater, sub-salt gas finds offshore Israel, the eastern Mediterranean and Levantine Basin today loom large on the frontier exploration agenda.

Russian business tycoon Viktor Vekselberg will coordinate a project to build a high-tech research and production hub, similar to the Silicon Valley in California, President Dmitry Medvedev said on Tuesday.

Insurers are charging 50% more for policies covering oil rigs in deep water after an explosion on a BP P.L.C.-leased platform in the Gulf of Mexico triggered the worst spill in U.S. history, Moody's Investors Service said.

The head of the Collective Security Treaty Organization (CSTO) and its working group will head to Kyrgyzstan on Friday to assess the situation there, the post-Soviet security bloc said.

On august 30, the Azerbaijan state oil and gas company (SOCAR) will meet with officials from the World Bank and executives from Azneft to discuss SOCAR's plans to reduce associated petroleum gas (APG) flaring, 1news.az reports.

On May 4, the President of JSOC Bashneft Alexander Korsik and the Governor of the Nenets Autonomous District Igor Fyodorov visited the Trebs oilfield and inspected the implementation of emergency response activities. An oil spill happened on April 5 during an exploration well reentry.

Rustam Minnikhanov, President of Tatarstan, held a working conference at OAO "TANECO" (Nizhnekamsk, Republic of Tatarstan), where the issues of operating 1A1 Start-up complex facilities and further implementation of the Project were discussed.

TNK-BP announces that CJSC Rospan International (a subsidiary of TNK-BP) jointly with independent technical supervision organizations has begun devising a plan of action to improve quality control and safety standards during construction of an inter-field pipeline in Yamal.

ТNK-BP informs that Magistral Card incorporated into the TNK-BP Group of companies) has considerably raised the protection level of the Unified TNK Card in the Security Tariff.

Gazprom Neft has announced the results of the tender to select a contractor to test and complete eleven wells at the oil field in Badra, Iraq. The contract, worth around US$95 million, was awarded to U.S. oil field service group Halliburton arrow.jpg.

TNK-BP announces the cancellation of a Board meeting that had been scheduled for May 25, 2012.