Regular Meeting of the Board of Directors of Tatneft Was Held
The regular meeting of the Board of Directors of JSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Almetyevsk on November 25, 2013. The Board of Directors reviewed the budget performance of JSC TATNEFT for ten months in 2013 and approved the budget for …
Rosneft: Approves Business Plan for the Kharampur Field Development
Rosneft Board of Directors has approved a document titled “The integrated project for the development of gas reserves (Cenomanian PK 1 and Turonian layers) of the Kharampur field.” The development of the Kharampur gas field is an important step forward in implementation of the company’s Gas Strategy in a bid …
National Oilwell Varco Announces Name and Certain Management Team Members of Its Distribution Spinoff Company
National Oilwell Varco, Inc. announced that it has formed a new Delaware corporation, NOW Inc., to eventually serve as the independent, publicly traded company for its previously announced proposed plan to spin off to its shareholders its Distribution Business. The proposed publicly traded distribution business intends to operate under the …
Alliance Oil: Refutes Charitable Activities Allegation
Social responsibility is one of the fundamental components of Alliance Oil Company. The Company has established clear and transparent mechanisms for selecting, approving and monitoring its social contributions on an ongoing basis. Alliance Oil and Alliance Group firmly refute any allegation of inappropriate behavior in relation to Alliance Oil’s charitable …
Aker Solutions Sells Well-Intervention Services Business to EQT
Aker Solutions agreed today to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion. The agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 percent a year …
Shelton Petroleum AB: Interim report January-September 2013
Successful drillings and record production increase operating margin to 32% July – September 2013 ° Revenue during the quarter: SEK 26 (24) million ° Operating result during the quarter: SEK 8 (5) million ° Operating margin 32% (22%) ° Basic earnings per share: SEK 0.53 (0.32) ° Diluted earnings per …
Tatneft: Annual Report of the Company Has Been Highly Praised in the Report Contest of the CIS
The Annual Report of JSC TATNEFT has been highly praised at the XVth contest of the CIS companies’ annual reports. The awards ceremony took place within the frame of the conference “Annual report: the experience of leaders and new standards” held in Moscow. Traditionally, there were the largest domestic companies …
Testing of Hydrogen Production Installation Has Been Started at TANECO
Commissioning tests have been started at the hydrogen production installation of the combined hydrocracking complex of the “TANECO” Refining and Petrochemical Plants Complex in Nizhnekamsk. Hydrogen production is an integral part of the whole hydrocracking process. Currently the installation has been put in the mode of comprehensive testing. Purity of …
Urals Energy: Tanker Marginally Light Loaded Due to Storm Damage and Dismisses $41.6m USD Debt Claim
Urals Energy, the independent exploration and production company with operations in Russia, is pleased to announce the following operational update. Petrosakh As announced on 1 November 2013, drilling at Well #53 in the Petrosakh field on Sakhalyn Island has been completed and the Company is pleased to report that the …
Siemens Drives: Sinamics Perfect Harmony GH180
The Perfect Harmony of Performance, Process and Technology General description. In the SINAMICS PERFECT HARMONY GH180, a series of low-voltage cells are linked together to build the medium-voltage power output of the drive system. With this topology, the drive can be scaled precisely for a very wide range of voltage …