Oil and Gas Industry Latest News

11.06.2014 Baker Hughes Appoints New Members to Board of Directors

Baker Hughes Incorporated (NYSE: BHI) has appointed Greg Brenneman, chairman of CCMP Capital Advisors, LLC (CCMP Capital), and W.H.

02.06.2014 Russia’s Bashneft earnings grow in Q1 2014

On June 2, Bashneft Group, which comprises JSOC Bashneft, its subsidiaries, affiliates and joint ventures, published its unaudited consolidated financial statements for the first quarter of 2014 prepared in accordance with International Financial Reporting Standards (IFR

30.05.2014 Russia’s Bashneft to reorganize retail sales business

Bashneft has launched a programme aimed at reorganizing its petroleum products retail sales business, Bashneft’s press office said on May 29.

29.05.2014 Chevron stockholders discuss 2013 performance, plans for future

Chevron Corporation (NYSE: CVX) on May 28 provided an overview of the company’s 2013 operational and social performance and future growth plans at its 2014 Annual Meeting of Stockholders in Midland, Texas.

29.05.2014 Aker Solutions wins framework contract from BP for offshore Norwegian fields

Aker Solutions has secured a framework agreement to provide engineering, modifications and maintenance services for BP-operated oil and gas fields offshore Norway, Aker Solutions’ press office said on May 28.

28.05.2014 Russia’s Tatneft to make energy from petroleum-coke slurry

Tatneft’s board has approved a contract with its 100% subsidiary Nizhnekamskaya co-generation plant to upgrade its power units TGME-464. It is planned that the co-generation plant will use petroleum-coke slurry rather than gas after reconstruction.

28.05.2014 Russia’s Novatek extends share buyback program

The Management Board of Novatek approved the extension of the share buyback program until 7 June, 2015, keeping all the terms of the program unchanged, Novatek’s press office said on May 27.

23.05.2014 Magnetrol Announces New Foundation Fieldbus Digital Output Communications For Eclipse Model 706 Transmitter

Magnetrol® announces the release of the Eclipse® Model 706 transmitter with Foundation fieldbus™ digital output communications.

21.05.2014 Indian ONGC Videsh earnings grow in FY 2014

Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC, for the year ended 31st March 2014 were considered and approved by the Board in its meeting held on May 20, ONGC Videsh’s press office has said.

21.05.2014 Chinese Sinopec, Russian Sibur set up JV to produce synthetic rubbers

During Russian President Vladimir Putin’s state visit to China on May 20, Sibur signed a contract with China Petroleum and Chemical Corporation (or “Sinopec”) to establish a joint venture for the construction of a 50 ktpa butadiene nitrile rubber (or “NBR”) plant at the