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TMK PF Premium Connections Approved by ADCO

ТМК, one of the world’s leading producers of tubular products for the oil and gas industry, has received an official notice of product approval from Abu Dhabi Company for Offshore Oil Operations (ADCO). Volzhsky Pipe Plant (VTZ), a TMK subsidiary, was acknowledged by ADCO as an approved vendor of threaded …

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Max Petroleum: Final Conversion of Convertible Bonds

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received written regulatory approval from the Ministry of Oil and Gas of the Republic of Kazakhstan permitting the conversion of the Company’s outstanding 10% notes, comprising US$28.6 million in …

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Integra Group Reports 1H 2013 Financial Results and Order Book Update

Integra Group, one of the leading independent providers of diversified oilfield services, released today its unaudited Interim CondensedConsolidated Financial Statements, prepared in accordance with IFRS, for the six months ended June 30, 2013. 1H 2013 Financial Highlights *Sales decreased by 3.7% to US$ 284.2 million (vs. US$ 295.0 million in 1H 2012) *Adjusted EBITDA(1) increased …

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ExxonMobil Awards Alternate Path Technology License to Weatherford

*Alternate Path® technique ensures full gravel pack in cased and open-hole completion wells *Improves long-term reliability of sand control and reduces workovers *Developed and licensed by ExxonMobil Upstream Research Company ExxonMobil Upstream Research Company has awarded Weatherford International Ltd. a limited international license for the company’s Alternate Path® technology patent …

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Rosneft President Increases Stake in Charter Capital

Igor Sechin, Rosneft President and Chairman of the Management Board, increased his shareholding in the Company from 0.0075% to 0.0849%. Part of the shares acquired was covered by a bank loan. Earlier Igor Sechin mentioned the possibility to further increase his shareholding in the Company. Rosneft’s management participation in the …

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The Board of Directors of Tatneft Summed up the Activities Results in the First Half of 2013

A regular meeting of the Board of Directors of JSC TATNEFT, chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on August 29, 2013. The Board of Directors meeting reviewed the budget execution of JSC TATNEFT for seven months in 2013 and approved the Company’s …

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Volga Gas: Vostochny Makarovskoye Gas Field Sees Better than Expected Well Test

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide an update following the completion of a production test on the VM#1 production well on its Vostochny Makarovskoye (“VM”) gas/condensate field. A workover has recently been completed on …

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EDC Group: First Half Financials – Revenue Up 7.6%

Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today released its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2013. The reviewed 2013 Interim Consolidated Financial Statements for the six months ended June …

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Alexey Miller and Yury Boiko Address Natural Gas Injection Into Underground Storage Facilities by Naftogaz Ukrainy

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Yury Boiko, Vice Prime Minister of Ukraine. The parties discussed issues related to natural gas injection into underground storage facilities by Naftogaz Ukrainy for fulfilling its contractual obligations with regard to uninterrupted transit of Russian gas to Europe during the upcoming autumn-winter period. Source

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TMK Announces 2Q 2013 and 1H 2013 IFRS Results

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces today its interim consolidated IFRS financial results for the six months ending June 30, 2013 Financials *Revenue for the second quarter was $1,649 million, a decrease of 4% over the  first quarter of …

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