NOV: Nearly Doubles Quarterly Dividend
National Oilwell Varco, today announced that its Board of Directors has approved an increase in the regular quarterly cash dividend to $0.46 per share of common stock from $0.26 per share of common stock, payable on June 27, 2014 to each stockholder of record on June 13, 2014. The Company …
Igor Sechin Held a Working Meeting with Secretary in Indian Ministry of Petroleum & Natural Gas and ONGC Chief
Rosneft President Igor Sechin held negotiations with Saurabh Chandra, Secretary in Indian Ministry of Petroleum & Natural Gas, and Dinesh Sarraf, ONGC Chief. The parties discussed progress in cooperation between Rosneft and ONGC. The parties noted that this second meeting for the last two months is a demonstration of keen …
Rosneft President and Secretary General of Gas Exporting Countries Forum Discussed Their Cooperation
Rosneft President, Chairman of the Management Board, Secretary General of Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Safety Igor Sechin and Seyed Mohammad Hossein Adeli, Secretary General of Gas Exporting Countries Forum held a working meeting in Moscow. The parties discussed cooperation between Rosneft …
Technip Wins Massive Yamal LNG EPC Contract
Technip confirms that with its partners it has finalized the award by JSC Yamal LNG of a very major contract for a liquefied natural gas (LNG) facility with a capacity of 16.5 million tons per year (Mt/y). The project will comprise three liquefaction trains of 5.5 Mt/y that are among …
Igor Sechin Held Talks with the Director of China’s National Energy Administration
Rosneft President, Chairman of the Management Board Igor Sechin held a working meeting with Wu Xinxiong, the Director of the National Energy Administration of the People’s Republic of China. In negotiations the parties considered the progress in the implementation of Rosneft projects with such Chinese partners as CNPC and SINOPEC. …
Surgutneftegas: April Operational Figures – Crude Output up 6%
In April 2014, Surgutneftegas produced 5,038.7 thousand tonnes of crude oil. Within April of the current year, crude output in the Republic of Sakha (Yakutia) reached 617 thousand tonnes, a 6% increase from the same period last year. In April 2014, gas production amounted to 784,866.7 thousand cubic meters. In-house …
Russia Ups Ukraine Gas Pressure: Gazprom Tasked to Switch Ukraine to Gas Prepayment
A working meeting took place today among Dmitry Medvedev, Russian Prime Minister, Alexander Novak, Russian Energy Minister and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller informed Dmitry Medvedev that Ukraine’s total debt for Russian gas, including for the past year, totaled USD 3.508 billion. It was pointed out that Ukraine had made …
KMG EP: Strikes New Find at the Rozhkovskoye Field
KazMunaiGas Exploration Production Joint Stock Company announces a new discovery in the Bashkirian tier’s sediments of the Carboniferous period in the Rozhkovskoye field. Inflow of light dry crude oil and gas with maximum flow rates of 1.9 kboe/day and 6 million cubic feet/day, respectively, with 24/64″ (9.5 mm) choke, was …
JD Neuhaus: Versatile Air Hoists For Safe & Efficient Lifting
The range of modern air operated hoists manufactured by J D Neuhaus offer safe and efficient lifting and handling facilities for a wide range of general engineering and industrial applications. Their Profi TI hoist range has been upgraded to combine quieter operation, with faster lifting/lowering speeds while being more energy …
Calfrac: Q1 Results – Russian Focus
In Russia, Calfrac‘s operating income margins decreased to 2 percent from 5 percent year-over-year as a result of abnormal weather conditions. During the first quarter of 2014, the Company’s revenue from Russian operations increased by 5 percent to$38.9 million from $37.2 million in the corresponding three-month period of 2013. The increase in revenue was …