National Oilwell Varco Announces Resignation of Mark Reese
National Oilwell Varco, Inc. announced today that Mark A. Reese resigned on April 29, 2013 as President – Rig Technology to pursue other business opportunities. Pete Miller, Chairman and CEO of National Oilwell Varco, remarked, “In his 33 years with NOV, Mark has literally worked his way up from the …
Rosneft and Mitsui & Co., Ltd Sign Memorandum of Understanding to Jointly Develop FEPCO Project
On 29 April 2013, Rosneft and Mitsui signed a Memorandum of Understanding to jointly develop FEPCO project – one of the largest petrochemical projects globally. The MoU was signed by Rosneft President and Chairman of the Management Board Igor Sechin and by Representative Director, Senior Executive Managing Officer, and Member …
Rosneft will Publish its Q1 2013 Consolidated IFRS Financial Results
Rosneft will publish its Q1 2013 consolidated IFRS financial results on Tuesday, April 30, 2013. Press-release, financial statements, MD&A and investor presentation will be available at our website. Please dial in to the following details in order to participate in conference call (listen-only mode): Russia +7 495 981 08 71 …
Igor Sechin Visits GE Production Facilities and Engineering Centers in Great Britain and USA
As part of working trips to Great Britain and the USA on April 23-26, 2013 Igor Sechin, Rosneft President and Chairman of the Management Board, visited GE production facility of offshore and subsea solutions in Aberdeen (UK) and GE’s Global Research Center in Niskayuna (USA). As part of the visits …
National Oilwell Varco: Revenues $5.31bn in Q1
National Oilwell Varco, Inc. today reported that for its first quarter ended March 31, 2013 it earned net income of $502 million, or $1.17 per fully diluted share, compared to fourth quarter ended December 31, 2012 net income of $668 million, or $1.56 per fully diluted share. The first quarter …
Parker Drilling Acquires International Tubular Services Limited, A Premier International Rental Tools and Well Services Provider
Parker Drilling Company, an international drilling contractor anddrilling services and rentaltools provider, announced today the acquisition of International Tubular Services Limited and certain affiliates(ITS),subsidiaries of ITS Tubular Services(Holdings) Limited, a privately held internationalrentaltools and wellservices company. In line with Parker?sstrategic goalto offer additional integrated products,services and expertise to international energy …
International Petroleum: Strategic Merger Offer By Range Resources
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, advises its shareholders that Range Resources Limited announced on 24 April 2013 its intention to undertake a strategic merger to acquire all of the issued shares in International Petroleum either by making an …
Gazprom to increase operating gas reserve in Russian and Belarusian UGS facilities by forthcoming heating season
The Gazprom Management Committee addressed operating results of the Company’s subsidiaries over the autumn/winter 2012–2013 period (from October to March) as well as the measures required for uninterrupted gas supply to consumers in the autumn/winter 2012–2013 period. Gas treatment unit at Nevskoye UGS Directorate Enlarged photo (JPG, 2 MB) The meeting highlighted that Gazprom Group had secured a sustainable gas supply to Russian consumers …
Gazprom to acquire 92.25 per cent of Kamchatgazprom shares from Rosneftegaz
The Gazprom Board of Directors held a meeting in absentia. The Board of Directors approved the acquisition by Gazprom of a 92.25 per cent stake in Kamchatgazprom from Rosneftegaz. According to the terms of the deal agreed upon with Rosneftegaz the shares of Kamchatgazprom will be purchased for RUB 2.85 billion. Gazprom will be offered the opportunity of making interest-free installment payments over 23 years. The shares will be paid …
Meeting of the Board of Directors of TANECO
The meeting of the Board of Directors of JSC “TANECO” chaired by Nail Maganov, Deputy General Director – Head of URNiN Department of JSC TATNEFT was held in Nizhnekamsk on April 25. In accordance with the agenda the Board of Directors was presented reports of the Executive Directorate on the …