Oil and Gas Industry Latest News

21.05.2014 Chinese Sinopec, Russian Sibur agree to deepen cooperation

Witnessed by the Chinese President Xi Jinping and the Russian President Vladimir Putin, China Petrochemical Corporation (Sinopec Group) and Sibur on May 20 entered into a strategic cooperation agreement during a state visit of President Putin to China, Sibur’s press offi

15.05.2014 Austria’s OMV general meeting approves dividend for 2013

OMV’s Ordinary Annual General Meeting has approved a dividend of EUR 1.25 per share for 2013 as well as all other agenda resolutions including the elections to the Supervisory Board, the Long Term Incentive Plan 2014 and the Matching Share Plan 2014, OMV’s press office s

15.05.2014 Russia’s Lukoil board gives preliminary approval to annual report

The Lukoil Board of Directors granted tentative approval to the Annual Report of Lukoil for 2013, in Moscow on May 14, in accordance with the Federal Law of the Russian Federation on Joint-stock Companies and the company's Charter.

15.05.2014 Statoil’s annual meeting approves dividend

On 14 May 2014 the annual general meeting of shareholders in Statoil ASA (OSE: STL, NYSE: STO) adopted the annual report and accounts for Statoil ASA for 2013, as proposed by the board of directors.

30.04.2014 BP operating cash flow ‘solid’ in Q1 2014

BP on April 29 announced its financial results for the first quarter of 2014. Underlying replacement cost profit for the quarter was $3.2 billion, compared with $2.8 billion for the previous quarter and $4.2 billion for the first quarter of 2013.

30.04.2014 Russia’s Novatek earnings grow in first quarter 2014

Novatek on April 29 released its consolidated interim condensed financial information as of and for the three months ended 31 March 2014 prepared in accordance with International Financial Reporting Standards (“IFRS”).

30.04.2014 Aker Solutions splits

Aker Solutions will split into two companies to speed up a streamlining process that will reduce costs and better position all parts of the group to meet the needs of customers in an increasingly competitive global energy industry, Aker Solutions’ press office said on Ap

30.04.2014 Aegion to buy Brinderson California-focused services provider

Aegion Corporation on April 29 announced the $150m purchase of integrated oil and gas services provider Brinderson and related entities. The Company expects to close the acquisition around 1 July.

29.04.2014 Russia’s Tatneft board discusses 2013 performance

A regular meeting of the Board of Directors of Tatneft chaired by Rustam Minnikhanov, President of the Republic of Tatarstan, which summed up the budget execution of the Company for  three months in 2014 and approved the budget for May of the current year, was held in Ka

24.04.2014 Russia’s Bashneft’s Board of Directors recommends dividend for 2013

On April 22, the Board of Directors of JSOC Bashneft has set the date for the Annual General Meeting of Shareholders of the Company (AGM) for June 10, 2014 in Ufa, Bashneft’s press office said on April 23. In addition, the Board approved the agenda for the meeting.