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2014-08-05 18:15:00

SANCTIONS: NOV WARNS RUSSIA

SANCTIONS: NOV WARNS RUSSIA

National Oilwell Varco (NYSE:NOV) warns that economic sanctions against Russia could hurt its results , adding that $60M-$100M of its $5.26B in Q2 sales came from its Russian operations.

"Some or all such sales may be restricted in the future by these sanctions," says NOV.

As of June 30, NOV had a net investment of $140M in Russia.NOV -0.7% AH.

nov.com

Tags: SANCTIONS, RUSSIA, National Oilwell Varco, NOV

Chronicle:

SANCTIONS: NOV WARNS RUSSIA
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

SANCTIONS: NOV WARNS RUSSIA
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

SANCTIONS: NOV WARNS RUSSIA
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

SANCTIONS: NOV WARNS RUSSIA
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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