Rosneft BOD Recommends Dividends at 12.85 Rubles Per Share, Which Constitutes 25% of Its IFRS Net Profit
On April 28, 2014, a scheduled in presentio meeting of the Rosneft Board of Directors was held in St. Petersburg to consider issues related to the annual general shareholders meeting of the Company for the year 2013. The Board of Directors resolved to call a Rosneft AGSM and hold it …
Roxi Petroleum Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its BNG and Galaz assets. BNG Deep well Drilling at Well A5, which is targeting the Permian and middle Carboniferous of the South Emba sub-basin, has reached …
Igor Sechin Completes Working Visit to Sakhalin
Rosneft President, Chairman of the Management Board Igor Sechin met with the Governor of Sakhalin region Alexander Khoroshavin, and visited the drilling rig Yastreb at the Chaivo field in the north of Sakhalin. During his working trip, Igor Sechin discussed with the region governor issues raised the previous day at …
Siemens Introduces Further Liquid-Cooled Modules For Sinamics S120 Low-Voltage Converters
For the first time, the Siemens Drive Technologies Division is offering liquid-cooled Active Interface Modules (AIM) and Active Line Modules (ALM) for the Sinamics S120 low-voltage converter. They cover the voltage range from 500 to 690 V, and have a power of 1700 kW. In addition to the already available …
KMG EP: Ups Q1 Production by 1%
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its operating results for the first quarter of 2014. KMG EP produced 3,048 thousand tonnes of crude oil (250 kbopd) for the first three months of 2014, including the Company’s stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), …
Weatherford: Financial Figures and Results – Focus on Cash, Core and Cost
EPS of $0.13 (non-GAAP) improves 86% sequentially; Significant Progress on Cost Reduction and Divestitures; 2014 EPS Guidance Reaffirmed Weatherford International Ltd. reported net income before charges of $99 million, ($0.13 diluted earnings per share on a non-GAAP basis) on revenues of $3.60 billion for the first quarter of 2014. First Quarter 2014 Highlights Operating …
Siemens: Strong team – Integrated Drive Systems for pumps, fans and compressors
Integrated drive systems facilitate efficient and economical operation of pumps, fans, and compressors. The perfectly matched Simotics FD motors and Sinamics G120P frequency converters demonstrate their strengths as an Integrated Drive System (IDS) from the planning and engineering stage to operation and service. Siemens offers a broad range of drive …
Exillon Energy: Searches for New Directors – Are you Looking For a Job?
Exillon Energy, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, has appointed an international recruitment agency to assist the Company in its search for new Independent Non-executive Directors. Exillon Energy, Board Director, Sergey Koshelenko said: “We very much appreciate the …
Proposed Merger of Integra Group with Integra Management Holdings and Proposed Delisting of Integra GDRs
On 26 March 2014, it was announced that Integra Group (Integra or the Company) had received a proposal from certain members of the Integra management team (the Participants) providing the outline terms of an acquisition of Integra through a merger of Integra (the “Merger”) with a company formed by the Participants. It was also …
Tethys Petroleum Limited: Third Successful Gas Well in Kazakhstan
Tethys Petroleum Limited CA:TPL -1.96% UK:TPL +6.48% , the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce the success of Well AKK19, the third shallow gas exploration well of its 2014 programme. Analysis of data from the well indicates it has a pay …