TAGRAS Participates in the TatOilExpo-2024 Petrochemical Exhibition
From August 26 to 28, TAGRAS Holding will take part in the Tatarstan Petrochemical Forum and the International Exhibition TatOilExpo. The events will be held at the venues of the Kazan Expo IEC. The oilfield services Group presents new products and services for enterprises in the oil and gas industry. …
Baker Hughes Co. Reduced Net Profit in the First Quarter of 2024 by 21% Due to Higher Costs and Lower Order Volumes
The company’s net profit in January-March amounted to $455 million compared to $576 million in the same period last year. Earnings per share decreased to $0.45 from $0.57. Earnings excluding one-time factors were $0.43 per share, exceeding the consensus forecast of analysts polled by FactSet at $0.39 per share. Baker …
Halliburton Reduced Net Profit in the First Quarter by 7%
American oilfield services company Halliburton Co. reduced net profit in the first quarter by 7%, although revenue grew by 2%. As stated in the company’s press release, its net profit in January-March amounted to $606 million compared to $651 million for the same period the previous year. Earnings per share …
Oil Service TagraS-Holding Earned 82 Billion Rubles in a Year
The revenue of the oil service holding “TAGRAS” (Almetyevsk) at the end of 2023 increased by 6% – to 82 billion rubles. Investments amounted to 6.7 billion rubles. The Devon News Agency learned about this from the materials of TagraS-Holding. At the same time, the largest division, TNG-Group, earned 21.6 …
The Net Profit of the Oil Service “OFS Technology” Tripled in 2023
The company noted that positive dynamics were achieved due to several factors – increasing activity on current projects and implementing new projects. The net profit of the oil service company OFS Technologies (formerly Baker Hughes in Russia) grew to 6.4 billion rubles in 2023, the company reported. This is more …
Lenar Nazipov: Entering New Markets Is One Of The Development Priorities Of TAGRAS
The General Director of the TAGRAS Holding shared plans for developing the international market, voiced the competitive advantages of the oil and gas service group and spoke about the countries interested in the Holding’s presence on the world stage. – Lenar Limovich, the Holding is one of the leaders in …
Oil And Gas Companies Of The Russian Federation Spent 2.7 Trillion Rubles On Service Work Over The Year
The costs of Russian mining companies for oil services in 2023 increased by 12% Companies in the oil and gas sector of the Russian Federation in 2023 allocated about 2.7 trillion rubles as expenses for service services. This is almost 12% more than in 2022, writes Interfax with reference to …
Oilfield Services Company Halliburton’s Quarterly Revenue Growth Fell Short of Market Forecasts
American oilfield services company Halliburton Co. in 2023, it increased its net profit from 1.7 times, to $2.64 billion, its annual revenue increased by 13%, to $23 billion. In the fourth quarter of 2023, the company increased net profit by 1% and revenue by 3%. The company’s net profit in …
Tyumen Oilfield Services Announced a Shortage of Personnel
Companies poach workers by raising wages Oilfield service companies in the Tyumen region are forced to lure workers from each other due to an acute shortage of personnel. As Alexey Permyakov, First Deputy Director of HMS Neftemash JSC, said, the shortage is currently estimated at 10-15%. “The problem is at …