Rosneft Net Profit Up 55.6% in Q1 2012
Q1 2012 sales revenue was RUB 748 billion, matching the level in Q4 2011. This represents a 27% increase on Q1 2011. Revenue was up thanks to higher oil and petroleum product prices and increased oil production and refining volumes. Financial and Operating Highlights: Net profit grew 55.6% on Q4 …
Gazprom reports its 2011 financial results under IFRS
On April 27, 2012 OAO Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2011. Sales (net of VAT and customs duties) increased by RUB 1,040,036 million, or 29%, to RUB 4,637,090 million in the year ended December 31, 2011 compared to the year ended December 31, 2010. More …
Tatneft’s Board Discuss the 2011 Results
A regular meeting of the Board of Directors of OAO TATNEFT was held in Kazan (Tatarstan) on April 26, 2012. The Board of Directors discussed the results of the Company’s budget execution for three months of 2012 and approved the budget for May. The Board of Directors discussed the results …
Integra Group Reports 2011 Financial Results and Order Book Update
Integra Group (LSE: INTE), one of the leading independent providers of diversified oilfield services, released today its Audited Consolidated Financial Statements, prepared in accordance with IFRS, for the year ended December 31, 2011. Growth in upstream industry investment led to higher demand for well construction services during 2011. Increased energy, fuel and unified …
Urals Energy: Petrosakh Well #41, Operational Update and Notification of Results
Urals Energy, the Russian focused oil & gas exploration and production company, is pleased to announce that development drilling operations at Petrosakh, located on the east coast of Sakhalin Island, have recommenced with the drilling of Well # 41 and an operational update. Highlights Drilling of Well#41 recommenced Management …
Schlumberger Announces First-Quarter 2012 Results
Schlumberger reported first-quarter 2012 revenue of $10.61 billion versus $10.97 billion in the fourth quarter of 2011, and $8.72 billion in the first quarter of 2011. Net income attributable to Schlumberger, excluding charges and credits, was $1.31 billion—a decrease of 12% sequentially but an increase of 35% year-on-year. Diluted earnings-per-share, …
RusPetro: Financial Results – Revenue Triples
RusPetro plc, the independent oil & gas development and production company listed on the London Stock Exchange, today publishes its results for the twelve months ended 31st December 2011. RusPetro’s operations are located in the Khanty-Mansisk region of the West Siberian basin. The results reported are those of the RusPetro Group, …
Tatneft Publishes 2011 Year Results: Revenue up 30%
OAO Tatneft announced today that it published the audited consolidated financial statements for the year ended December 31, 2011 prepared in accordance with U.S. generally accepted accounting principles and related Directors’ report, incorporating Management Discussion and Analysis of Results of Operations. Selected financial highlights below are based on the respective U.S. …
Novatek: Revenues Up 51% and Profit up 45%
Novatek released its audited consolidated financial statements for the years ended 31 December 2011 and 2010 prepared in accordance with International Financial Reporting Standards (“IFRS”). Total revenues grew by 50.5% year-on-year to RR 176,064 million for the twelve months ended 31 December 2011 from RR 117,024 million in the corresponding …
FMC Technologies Reports Fourth Quarter 2011 Diluted Earnings per Share of $0.41
FMC Technologies, Inc. reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the prior-year quarter. Diluted earnings per share were $0.41, equal to the prior-year quarter. Total inbound orders of $1.8 billion were up 14 percent from the prior-year quarter and included $1.3 billion in Subsea Technologies …