Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2014-03-05 16:38:00

VARCO CREATE DISTRIBUTOR

VARCO CREATE  DISTRIBUTOR

National-Oilwell Varco Inc., a leading provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services, formally announced the spin off of its DistributionNOW and Wilson Export brands into a new publicly-traded company to be called NOW Inc. on February 26, 2014 in a 10-12B filing with the U.S. Securities & Exchange Commission. 

With a network of over 300 locations and 5,000 employees worldwide, NOW Inc. will be one of the largest distributors to the oil and gas industry with a 150 year history. These products include maintenance, repair and operating supplies, pipe, values, fittings, flanges, line pipe, electrical, artificial lift solutions, mill tools, safety supplies and spare parts. The company will also offer warehouse management, vendor integration and various inventory management solutions to its customers. 

The company's total addressable market is estimated to be approximately $20 billion in North American and significantly larger globally. In FY 2013, the firm generated revenues of $2.86 billion in the U.S., $773 million in Canada, and $660 million throughout the rest of the world. These sales were primarily made to drilling contractors, well servicing companies, independent and national oil and gas companies, refineries, midstream operators, and other parties. 

Moving forward, NOW Inc. aims to extend its leadership position in the energy supply chain by building new locations and relationships with its large customer base. As energy operations continue to expand worldwide, the company further plans to expand into "last mile" markets that are remote relative to their existing locations, particularly in non-conventional plays like shale oil and gas. Management's focus on enhancing margins and productivity could also help improve the bottom-line. 

Investors may want to keep a close eye on the spin off given that NOW Inc. is well positioned to become an industry leader. Spin offs also tend to outperform the overall market during the long-term due to certain dynamics like more efficient capital allocation, early institutional selling, and more aligned management incentives to promote performance.

Tags: VARCO

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VARCO CREATE  DISTRIBUTOR
September, 22, 08:50:00

RUSSIA - KURDISTAN INVESTMENT

Instead, with the planned referendum just days away, Russian state oil giant Rosneft announced its latest investment last week, to help Iraqi Kurdistan develop its natural gas industry, for domestic supplies and eventual export.

VARCO CREATE  DISTRIBUTOR
September, 22, 08:45:00

IRAN'S GAS EXPORT: ABOVE 5 BCM

Iran exported over 5 billion cubic meters (bcm) of natural gas during the first five months of the current Iranian calendar year (March 21-August 22), Dispatching director of National Iranian Gas Company (NIGC) announced.

VARCO CREATE  DISTRIBUTOR
September, 22, 08:40:00

IRAQI OIL TO U.S.

Gazprom Neft has shipped its second and largest cargo of Iraqi crude to the US since the Badra field, its flagship overseas oil project, came on stream in 2014, the Russian oil company said Tuesday.

VARCO CREATE  DISTRIBUTOR
September, 22, 08:35:00

QATAR - TURKEY LNG

Qatargas has agreed to sell 1.5 million tpy of LNG to Turkey’s BOTAŞ Petroleum Pipeline Corporation (BOTAŞ) over a period of three years

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