Polarcus – Successful placement of new bond issue
Polarcus Limited has successfully completed the NOK 230 million bond issue (the “Bond Issue”) due November 2014. The bonds will be issued with a coupon of 14.00% p.a., interests to be paid semi-annually, and the net proceeds from the Bond Issue will be used for partly refinancing of the bond …
The ROGTEC Interview: Igor Kotman, Business Development Manager, “Halliburton” Russia
After the recent economic downturn the industry is rebounding and activity is up. How has the Russian market place improved over the last 12 months, what is your outlook for the rest of this year and 2012? In 2010, although the physical volume of the market grew by more than 15%, …
TNK BP DEPUTY CHAIRMAN OF TNK-BP MANAGEMENT BOARD MAXIM BARSKIY TO LEAVE THE COMPANY
TNK-BP announces that Deputy Chairman of TNK-BP Management Board Maxim Barskiy has decided to leave TNK-BP as of 1 November in order to carry on his professional career outside of the Company. Maxim Barskiy was appointed Deputy Chairman of the Management Board on June 1, 2010 and performed management of …
TNK-BP ANNOUNCED THE HIGH RESULTS FOR THE NINE MONTHS OF 2011: RECORD LEVELS OF PRODUCTION AND NET PROFIT
· In the first nine months of 2011, TNK-BP increased its oil and gas extraction, excluding joint ventures 2.1% over the same period in 2010 and 3 September reached a historical peak production in 1824 th. BC / day. Extraction by the share in Slavneft and assets in Venezuela grew …
FMC Technologies Reports Third Quarter 2011 Diluted Earnings per Share of $0.50
FMC Technologies, Inc. today reported third quarter 2011 revenue of $1.3 billion, up 34 percent from the prior-year quarter. Diluted earnings per share were $0.50 compared to $0.33 in the prior-year quarter. Highlights: • Record subsea revenue of $824 million • Record fluid control revenue and earnings • Third quarter …
Exillon Energy Interim Management Statement and Drilling Update
Exillon Energy plc, a British independent oil company with upstream operations in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP” or “ETP”) and West Siberia (“Exillon WS” or “EWS”), today issues its Interim Management Statement for the period beginning 1 July 2011. Unless otherwise stated, the financial and production data …
Caspian Oil and Gas, West Mailisu #2 Update October
Caspian Oil & Gas Limited is pleased to provide an update from its West Mailisu #2 well on the Company’s 100 percent-owned West Mailisu licence in the Kyrgyz Republic, Central Asia. Caspian reported on 12 September that its West Mailisu #2 well was suspended awaiting production testing with a progressive …
Liebherr in Nenzing Celebrates 35th Anniversary
Between 29th September and 1st October 2011 Liebherr-Werk Nenzing GmbH celebrated its 35th anniversary. An open day with over 20,000 visitors concluded the festivities in the Austrian village of Nenzing. Such a high attendance by far exceeded the ambitious expectations in the planning stages. The festivities started on Wednesday, 28th …
Polarcus Enters into Research Collaboration Project to Reduce CO₂ Emissions
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has entered into a research collaboration project with Cambridge Carbon Capture Ltd (CCC) in the United Kingdom to develop carbon mineralization technology. Such technology could potentially be used to reduce CO2 emissions from ships, including emissions from Polarcus’ fleet …
Petroneft: Discovery of New Oil and Gas / Oil Pools at Cheremshanskaya
PetroNeft Resources plc (AIM: PTR), the owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce the discovery of a new oil field in Licence 67 at Cheremshanskaya. Highlights: Cheremshankaya No. 3 well discovers two hydrocarbon pools Oil discovery in main Upper Jurassic target …