Tatneft: Figures Demonstrating Results of Operations in October and for Ten Months of 2012
Crude Oil Production The amount of 2,207,049 tons of crude oil was produced at JSC TATNEFT in October or 100.2% versus October 2011. The amount of 21,663,120 tons of crude oil was produced during ten months, which was 67,823 tons more than in 2011 (100.3%) with the above-the-plan production in …
Gazprom Neft reports unaudited IFRS financial statements for 9m 2012
JSC Gazprom Neft has published its unaudited consolidated financial results in accordance with International Financial Reporting Standards (IFRS) for Q3 2012 and 9m 2012. The Company’s performance improved substantially in 9m 2012 compared to 9m 2011 due to increases in hydrocarbon production and refining volumes, and a higher share of …
Emerson Launches Global Support Service Initiative
Support staff and facilities are expanding to help customers meet the challenges of today’s process operations – wherever they are Emerson Process Management has embarked on a programme to strengthen its support service capabilities for customers around the world. In 2012, Emerson extended its current footprint of 374 global service …
Lukoil joins upstream project off Sierra Leone Shore in the Gulf of Guinea
LUKOIL has acquired a 25% stake in the geological exploration, development and production project at the SL-4B-10 offshore block in the waters of the Republic of Sierra Leone in the Gulf of Guinea. LUKOIL acquired this stake from Canada’s Talisman Energy, the project operator. The other project parties are Malaysia’s Petronas (25%) and Britain’s Prontinal Ltd (20%). The block, with …
Sercel Enhances Cableless Land Acquisition Portfolio
Sercel has introduced new enhancements to its cable-free land acquisition portfolio with the joint launch of the new generation of UNITE, its industry-leading cable-free acquisition system, and the SG-5, a new geophone sensor. These enhancements are designed to offer seismic acquisition crews greater operational flexibility to acquire higher-quality data in …
Strong Improvement in CGGVeritas Third Quarter 2012 Results Acquisition of Fugro’s Geoscience Division on Track
CGGVeritas announced today its non-audited third quarter 2012 consolidated1 results. All comparisons are made on a year-on-year basis unless stated otherwise. Third quarter results Revenue totaled $855 million, up 7% Operating income increased by 17% to $114 million, a 13% margin Services operating income was at $62 million, a 10% …
TNK-BP Warning of Abusive Market Players Acting on Behalf of Ryazan Oil Refinery Company
ТNК-ВР issues a warning about potential risks caused by cooperation with abusive market players that act on behalf of CJSC RORC (part of the TNK-BP Group of Companies). In view of requests from the organizations that are offered by unidentified persons to enter into contracts on behalf of CJSC RORC, …
Gazprom and PGNIG reach agreement on gas price
Warsaw hosted a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Grażyna Piotrowska-Oliwa, President of the PGNiG Management Board. The meeting resulted in an agreement to adjust prices in the contract on natural gas supplies to Poland. Alexander Medvedev and Grażyna Piotrowska-Oliwa signed the Supplementary Agreement to the contract to adjust the price for natural gas supplies …
Gazprom reports its financial results under IFRS for six months ended June 30, 2012
Today OAO Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 “Interim Financial Reporting” (IAS 34) for the six months ended June 30, 2012. The table below presents the unaudited consolidated interim condensed statement of comprehensive income prepared in accordance with IFRS for the six months ended …
Gazprom Neft completes refinery modernisation project at Pančevo
Gazprom Neft’s subsidiary NIS (Naftna Industrija Srbije ) has completed a major modernisation project of its refining capacity in Serbia. The company has started operating a new light hydro-cracking and motor fuel hydro-treatment facility at the Pančevo refinery. The completion of the facility will allow NIS to take a leading position …