Russia Oil Gas Magazine

Forum Energy Technologies: Announces Third Quarter 2020 Results

Forum Energy Technologies, Inc. today announced third quarter 2020 revenue of $104 million, a decrease of $10 million from the second quarter 2020. Orders received in the quarter increased by $7 million to $92 million. Net loss for the quarter was $22 million, or $0.19 per diluted share, compared to …

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Russia Oil Gas MagazineWEATHERFORD

Weatherford Receives Notice from NYSE regarding Continued Listing Standard

Weatherford International plc (NYSE: WFT) (the “Company” or “Weatherford”) today announced it has received written notice from the New York Stock Exchange (the “NYSE“) that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because …

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Eurasia Journal News

NOVATEK Announces Consolidated IFRS Results for Third Quarter and Nine Months 2015

OAO NOVATEK (“NOVATEK” or the “Company”) today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2015 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the third quarter and first nine months 2015, our total revenues increased by …

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Eurasia Journal News

NOVATEK Announces Consolidated IFRS Results for the Year Ended 31 December 2014

Total revenues grew by 20.0% year-on-year to RR 357.6 billion for the twelve months ended 31 December 2014 from RR 298.2 billion in 2013, largely due to an increase in natural gas and liquids sales volumes and prices. The start of higher value added products sales from the Ust-Luga Gas …

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Russia Oil Gas Magazine

C.A.T. oil Achieved All-time High in Job Count, Profitability and Earnings in Q3 2014

C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, successfully continued on its profitable growth track in the third quarter. The Company successfully boosted revenues and achieved a signifi- cant earnings growth despite persisting geopolitical instabilities. C.A.T. oil benefited from positive …

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Uncategorized

Rosneft: 2Q14 Results: Berkut Platform Commissioned, Daily Hydrocarbon Production Increased by 4.6% EBITDA Increased by 41%, Net Income Increased by 5 Times, Net Debt Reduced by 365 Billion Roubles

In 1H14, the Company continued to demonstrate strong financial results due to stable hydrocarbon production levels, successful development of new projects, capital discipline and control of operational expenses. Hydrocarbon production amounted to 5 million barrels of oil equivalent per day which is 4.6% higher than in 1H13. Daily crude oil …

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Uncategorized

Rosneft Posts Record 2013 Results: Daily Hydrocarbon Production Reached 4.9 mmboe, EBITDA Amounted to RUB 947 bln Supported by Hydrocarbon Production Growth, Increased Efficiency and Integration of New Assets

Crude oil and liquids production equaled 4,196 th.bpd (organic growth 1%), gas production reached a record high figure of 38.17 bcm (organic growth 22%). The Company stabilized production of its largest West Siberia assets, including Samotlorneftegaz, Nizhnevartovsk, Varieganneftegaz, and Nyaganneftegaz. The brownfield successes have been primarily driven by employment of …

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Uncategorized

Tethys Petroleum: Revenues Up 15% Third Quarter Results

Tethys Petroleum Limited today announced its third quarter 2013 financial results and gave an update on its operations in Kazakhstan. These figures are headlined by the 2013 EBITDA figure adjusted for share-based payments for the nine months to September 30, 2013 being more than seven times than that achieved in …

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Uncategorized

Rosneft’s Strong Performance in Q3 2013: Daily Hydrocarbon Production has Reached a Record-high 4.9 mln boe, EBITDA has Gone up by 41% to RUB 303 bln

Q3 2013 hydrocarbon production (including production of subsidiaries and proportionately consolidated entities, and the share in production by affiliates) increased by 2.0% and reached 4,884 th. boepd. Crude oil and liquids production has reached 4,193 th. boepd, gas production increased up to 10.82 bcm. Oil production growth is mainly due …

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Uncategorized

Lukoil Net Income Doubled in the Second Quarter of 2013 and reached $2.1 Billion, EBITDA Amounted to $4.4 Billion

Lukoil has published consolidated US GAAP financial statements for the second quarter of 2013. In the second quarter of 2013 the Company’s net income of $2,104 million increased 107% compared to the second quarter of 2012. EBITDA was $4,359 million, which is a 26% y-o-y increase. Sales revenue reached $35,053 million, …

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