Tethys Petroleum Limited: Tethys Board Appoints New CEO and Chairman
Tethys Petroleum Limited today announced the appointment of Julian Hammond to Chief Executive Officer and President with immediate effect. In addition, the Rt. Hon Peter Lilley has been appointed as Non Executive Chairman. Due to recent health reasons Dr. David Robson is unable to continue in his roles of Executive Chairman, President and …
TNK-BP and Gazprom Neft Agree to Optimize Slavneft Governance Structure
TNK-BP and Gazprom Neft have agreed to launch a project to optimize governance of the Slavneft group , which they own on a parity basis. The ownership structure of Slavneft will remain unchanged. The project, which is subject to the finalization of certain corporate procedures, envisages that additional management and decision making authorities will …
Meeting of the Board of Directors of Taneco
A Board of Directors meeting of OAO TANECO chaired by Farid Davletshin, Head of the Investment Department of OAO TATNEFT, was held on July 27. The first item of the agenda was the production plan execution for the last month and plans for the next one. The amount of 622,700 …
CGGVeritas Second Quarter 2012 Results
CGGVeritas announced today its non-audited second quarter 2012 consolidated1 results. All comparisons are made on a year-on-year basis unless stated otherwise. Revenue at $831 million, up 11% Strong increase in Operating Income at $85 million, a 10% margin Services return to profitability Positive Outlook for 2012 confirmed Second Quarter 2012 …
TNK-BP: Buguruslanneft Will Spend 164 Million Rubles in 2012 for Raising the Level of Associated Petroleum Gas Utilization
Buguruslanneft, a subsidiary of TNK-BP, will invest over 160 million rubles this year into implementation of a program aimed at raising the level of utilization of associated petroleum gas in its four largest fields. LLC Buguruslanneft is performing comprehensive works in the Krasnoyarskoe, Tarkhanskoe, Karpovskoe, and Ibryaevskoe fields for fuller …
National Oilwell Varco’s Q2 Results Up 35% from 2011
National Oilwell Varco, Inc. reported that for its second quarter ended June 30, 2012 it earned net income of $605 million, or $1.42 per fully diluted share. Earnings per share increased 26 percent compared to the second quarter of 2011 and were sequentially flat compared to the first quarter of 2012. Excluding transaction charges of $28 …
Gazpromneft Aero insures global civil liability
Gazpromneft Aero has taken out third party liability and environmental damage insurance with SOGAZ Insurance Group to cover all of the company’s global assets, with a maximum insurance payout of $500 million per insured event,. Gazpromneft Aero is one of the first Russian aviation fuel companies to arrange global civil liability insurance. Taking …
Gazprom: Board of Directors form Audit Committee
The Board of Directors formed the Audit Committee under the Gazprom Board of Directors. Valery Musin was elected Chairman of the Committee, Farit Gazizullin andMikhail Sereda were named Members of the Committee. The Board of Directors also approved the remuneration to the auditor for auditing the Gazprom accounting statements for 2012. Source
SIBUR and TNK-BP have signed agreements on strategic partnership in the production, refining and utilization of hydrocarbon feedstock
The Chairman of the Board of Directors of SIBUR Holding Leonid Mikhelson, Executive Director of TNK-BP German Khan and Chairman of the Management of SIBUR Holding Dmitry Konov have signed a set of agreements on strategic partnership between the companies in the areas of production, refining and utilization of hydrocarbon …
FMC Technologies Hits 22% Rise in Quarterly Figures
FMC Technologies, Inc. reported second quarter 2012 revenue of $1.5 billion, up 22 percent from the prior-year quarter. Diluted earnings per share were$0.46 compared to $0.39 in the prior-year quarter. Highlights: — Record Company operating profit of $203 million — Second quarter Subsea Technologies revenue of $946 million — Year-to-date Subsea Technologies orders of $2.3 …