TMK Announces the U.S. Department of Justice Approved Tenaris’s Acquisition of IPSCO Tubulars from TMK
PAO TMK announces that the U.S. Department of Justice (DOJ) has closed its investigation of Tenaris’s proposed acquisition of IPSCO Tubulars, Inc. from PAO TMK. The proposed transaction was entered into on March 22, 2019 pursuant to a Stock Purchase Agreement between PAO TMK, one of the world’s leading producers …
TMK Announces 3Q and 9M 2019 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the third quarter of 2019 and nine months ended September 30, 2019. 9M 2019 Highlights Financial – 9M Revenue down 4% y-o-y at $3,667m. …
TMK Announces 3Q 2019 Operational Results
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the third quarter and nine months of 2019. 9M and 3Q 2019 Summary Results (thousand tonnes) Product 9M 2019 9M 2018 Change 3Q 2019 2Q 2019 Change Seamless pipe 2,003 …
TMK Announces 2Q 2019 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the six months ended June 30, 2019. 2Q 2019 Highlights Financial § 2Q Revenue up 4% quarter-on-quarter to $1,307m § 2Q Adjusted EBITDA up 11% …
TMK Announces 2Q 2019 Operational Results
The following contains forward-looking statements concerning future events. These forward-looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. 2Q 2019 shipments data is preliminary and may be adjusted. TMK, one of the world’s leading producers of tubular products for the oil …
TMK Holds Annual General Meeting of Shareholders
TMK announces that the Annual General Meeting of Shareholders (AGM) was held in Yekaterinburg, Russia, on June 20, 2019. The AGM took the decision not to distribute profits for the full year 2018 in the form of dividends. However, at the Board of Directors meeting held on May 24, 2019, the decision …
TMK Announces Board of Directors decisions and Management Changes
TMK today announces decisions taken by the Board of Directors at a meeting held on June 21, 2019. Dmitry Pumpyanskiy was re-elected as the Chairman of TMK’s Board of Directors. The Board of Directors has elected Igor Korytko, Vice President for Efficiency Management of TMK, as the CEO of the …
TMK and NOVATEK Sign a Strategic Partnership Agreement to Supply Premium Tubular Products
PJSC TMK (TMK) and PJSC NOVATEK (NOVATEK) signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of NOVATEK’s Management Board signed the document. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing pipe to NOVATEK. The agreement introduces …
TMK and the National Petroleum Company of Congo Sign a Memorandum of Understanding
TMK and the National Petroleum Company of Congo (Société Nationale des Pétroles du Congo, SNPC) signed a Memorandum of Understanding today. TMK CEO Alexander Shiryaev and Director General of the SNPC Maixent Raoul Ominga exchanged the signed documents in the presence of Russian President Vladimir Putin and Congolese President Denis …
TMK Announces 1Q 2019 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for three months ended March 31, 2019. 1Q 2019 Highlights Financial – 1Q Revenue generally flat quarter-on-quarter and year-on-year at $1,257m – 1Q Adjusted EBITDA …