National Oilwell Varco Announces Second Quarter 2014 Earnings and Warns of Impact of Russian Sanctions
National Oilwell Varco, Inc. today reported that for its second quarter ended June 30, 2014, it earned net income of $619 million, or $1.44 per fully diluted share, compared to first quarter ended March 31, 2014 net income of $589 million, or $1.37 per fully diluted share. Russian Warning National Oilwell Varco warned that economic sanctions against Russia could …
Cadogan Operations Update
The Company has noted that the Ukrainian Government last week passed emergency budget legislation increasing production taxes for the oil and gas industry for the period 1 August 2014 to 31 December 2014. Tax on gas production from horizons shallower than 5,000m increases to 55 per cent, for those deeper …
CGG: 2014-2016 Transformation Plan – Intensified, accelerated and implemented in 2014
Resilient second quarter operating income in weak market conditions CGG a world leader in Geoscience announced today its non-audited 2014 second quarter results 2014-2016 Transformation Plan intensified and accelerated. Restructuring measures implemented in 2014: o Marine fleet reduced to 13 seismic vessels by end 2014. 1 vessel already decommissioned, 1 vessel …
Max Petroleum: Raises $63m from AGR Energy
Max Petroleum is pleased to announce that it has raised approximately £37.1 million (approximately US$62.5 million) before expenses by way of a conditional cash subscription by AGR Energy Limited No. I (“AGR Energy” or the “Investor”) for 2,264,093,462 new Ordinary Shares at a price of 1.64 pence per Ordinary Share …
Gazprom Neft Begins Exploratory Drilling in Kurdistan
Gazprom Neft has begun drilling an exploration well at the Shakal block in Kurdistan (Iraq) and is soon to commence drilling on a second exploration well. The project will study two oil reservoirs in the Shakal block including flow testing. Well testing will be completed by late 2014 / early …
Offshore Marintec Russia: Key Issues of the Arctic Shelf Development
October 7-10, 2014 in St. Petersburg Offshore Marintec Russia will bring together representatives of state authorities, experts from Russian and international companies, and leading scientists to discuss the most important aspects of the development of the Arctic continental shelf. Offshore Marintec Russia – international conference and exhibition dedicated to the …
Kara-Summer 2014 Arctic Field Expedition Started
The research and development expedition to investigate ice and metocean conditions in the Russian arctic organized by The Arctic Research and Design Center (the Rosneft and ExxonMobil JV) with the support of Arctic and Antarctic Research Institute experts has started in the White sea. Scientific research vessel Akademik Tryoshnikov departed …
Rosneft Closes the Deal for the Acquisition of Oil Field Services from Weatherford International
Rosneft announces the close of the deal for the acquisition of land drilling and workover assets of Weatherford in Russia and Venezuela The closure marks the realization of the agreement signed in July 2014 by Rosneft and Weatherford International plc. Rosneft acquires 8 companies (part of the Weatherford group) involved …
Yukos Oil Company Secures Largest Ever Award From European Court Of Human Rights
€1.9 billion ($2.5 billion) is the largest award ever made by ECtHR by a factor of twenty-one times. 31 July 2014, London: Today the European Court of Human Rights (ECtHR) in Strasbourg announced its largest ever award of Just Satisfaction. The award of €1.9 billion ($2.5 billion) to YUKOS Oil …
EU Expands Sanction List Against Russia, Ukraine
The European Union has added another eight people and three companies to the ‘blacklist’ against Russia and Ukraine, EU official journal said on Wednesday evening. The sanction list included first deputy head of Russian presidential staff Aleksey Gromov, Governor of Northern Sea Route Bank Board Arkady Rotenberg, largest shareholder of …