Rosneft Publishes Voluntary Offer to Acquire RN Holding Shares
Rosneft published the Voluntary offer to acquire RN Holding securities held by minority shareholders (hereinafter the Voluntary offer) and sent the Voluntary offer to RN Holding. Acting with accordance to the law on October 18, 2013 Rosneft submitted the Voluntary offer to Bank of Russia. Under the Voluntary offer, Rosneft …
Novatek: Q3 Revenues Up 44%
OAO NOVATEK today released its consolidated interim condensed financial information for the three and nine months ended 30 September 2013 prepared in accordance with International Financial Reporting Standards (“IFRS”). Total revenues in the third quarter and nine months 2013 increased by 44.1% and 41.4%, respectively, as compared to the corresponding periods …
Calfrac: Financial Highlights – Higher Multi Stage Fracturing in Russia
Calfrac‘s Financial Highlights For the three months ended September 30, 2013, the Company recorded: revenue of $388.7 million, a decrease of 7 percent from the third quarter of 2012, driven primarily by lower pricing in the United States and Canada combined with lower fracturing and coiled tubing activity in western …
Calfrac: Mick McNulty Appointed CFO
Calfrac Well Services Ltd. is pleased to announce that Michael J. (Mick) McNulty has been appointed as Chief Financial Officer of Calfrac, effective December 4, 2013. Mr. McNulty will report to Douglas R. Ramsay, the Chief Executive Officer of Calfrac, until Fernando Aguilar succeeds Mr. Ramsay as President and Chief …
Lundin Petroleum: Report For The Nine Months Ended 30 September 2013
Third quarter ended 30 September 2013 (30 September 2012) Production of 29.4 Mboepd (36.6 Mboepd) – Reduced production due to the planned Alvheim FPSO shutdown in August and integrity issues on certain Alvheim wells. Revenue of MUSD 279.8 (MUSD 343.3) EBITDA of MUSD 222.1 (MUSD 273.6) Operating cash flow of …
Max Petroleum: Successful Appraisal Wells at Sagiz West and Uytas
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West and two appraisal wells in the Uytas field. The SAGW-9 appraisal well in the Sagiz West field has reached a depth of …
TMK Unites Two Premium Connections Families Under a Single Brand
TMK, a leading global manufacturer and supplier of steel pipes for the oil and gas industry, united its two premium connections families TMK Premium and ULTRA under a single brand – TMK Ultra Premium (TMK UP). Pipes with premium connections are designed for oil and gas wells developed in challenging …
Siemens Integrated Drive Systems: Shift your perspective – there’s more to it
Siemens Integrated Drive Systems are the world‘s first true one-stop solution for entire drive trains. They enable noticeably shorter time to market and shorter time to profit. Integrating seamlessly in any drive train, any automation environment, and even in the entire lifecycle, Siemens Integrated Drive Systems turn common drive components …
Weatherford: 53% Sequential Increase in EPS driven by Improved Operating Margins FCPA, Oil-for-Food and Sanctioned Countries Definitive Agreements Reached
Weatherford International Ltd. reported results for the third quarter ended September 30, 2013. Third Quarter 2013 Summary $0.23 per diluted share (non-GAAP), or net income of $177 million excluding after-tax charges of $155 million; FCPA, Oil-for-Food and Sanctioned Countries definitive agreements reached, subject to final SEC Commission and Court approvals; …
Weatherford: Krishna Shivram Becomes New CFO, Dharmesh Mehta Becomes COO
Weatherford International Ltd. announces the appointment of Mr. Krishna Shivram as Executive Vice President and Chief Financial Officer, and the promotion of Mr. Dharmesh Mehta to Executive Vice President and Chief Operating Officer, effective November 6, 2013. Krishna Shivram, age 51, brings more than 25 years of financial and operational …