2014

Weatherford International plc reported net income before charges of $186 million, ($0.24 diluted earnings per share on a non-GAAP basis) on revenues of $3.71 billion for the second quarter of 2014. Revenue increased 8% sequentially excluding the seasonal impact in Canada; the increase was 3% including Canada; Operating income margins improved 280 basis points sequentially to 14% …

ERIELL Group held in Novy Urengoy a first stage of the social and charitable campaign “Friendship Tree” arranged to coincide with the 10th anniversary of its first drilling contract. “Friendship Tree” symbolizes our care of the nature and involvement in life of the communities in the regions of our operations. There was also a good reason to choose this name of the campaign. …

Russian companies, including oil giant Rosneft, may face challenges refinancing $112 billion in debt due to mature over the next four years, a report by Moody’s Investors Service said. Moody’s said there was a very significant bank and bond debt maturity hurdle for Russian companies concentrated among Rosneft and state-controlled gas company Gazprom in 2015. Russian companies are facing tougher …

Bashneft has released its preliminary operating results for the second quarter of 2014 -Average daily production reached a 20-year high of 48.1 thousand tonnes -Production growth rate at brownfields increased to 2.6% -A new asset in Western Siberia, LLC Burneftegaz, accounted for 3.8% of production -88.8% of gasoline output met …

Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that on 21 July 2014 the Moscow arbitration court dismissed the claim of UEN Cyprus Limited in respect of a case to recover the sum of US$41,652,000 from Urals Energy (the “Claim”) on jurisdictional grounds. Further …

JSC TATNEFT continues developing advanced technologies for reservoir pressure maintenance (RPM), aimed at reducing energy costs and increasing production efficiency. With their help, the Company’s professionals ensure protection of injection wells downhole equipment against high pressure and corrosion, as well as provide for all round optimization of the RPM processes.Implementation …

Rosneft and Russian Geographical Society have held a round table meeting on Scientific Arctic Development in Rosneft research center. Scientists have discussed the possibility of elaborating a special scientific, interdisciplinary program on complex research of Arctic region. The peculiarities of anthropogenic activities are taken into account, including ecological regulations of …

Ruspetro plc today announces that a successful ten day flow test has been carried out on the Company’s first multi-stage fractured horizontal well (number 214) in its Pottymsko-Inginsky license area. Three large fractures were placed in the 600 meter horizontal section of the well. After initial clean-up the well produced …

OAO NK Rosneft will conduct marine fauna monitoring in the Northern Sea Route in 2014. The studies will be organized by the Arctic Research Center, a joint venture of Rosneft and ExxonMobil. The objective of the said studies is collection of data on marine fauna in Rosneft License Areas with …

Max Petroleum today announces that it is launching a review of strategic options open to the Company with the intention of maximising value for shareholders. The review of strategic options may include a corporate transaction such as a merger with, acquisition of or subscription for the Company’s securities by a …