02 jul: USA: ISM-indekset skuffer
02 jul: Valuta: Euro taber yderligere terræn efter svage data fra USA
02-07-2012 16:22:00

General Electric Unveils Preliminary Agreement With Rosneft

Relateret indhold

By Saabira Chaudhuri

General Electric Co. (GE) and Rosneft reached a preliminary agreement to jointly evaluate and develop commercial oil and gas exploration and production opportunities in the Russian Federation.

GE's oil and gas division and the Russian oil and gas company signed a memorandum of understanding under which GE would help Rosneft improve efficiency and yields in its exploration and recovery operations, and the pair would explore opportunities to jointly develop, manufacture and sell equipment for use in Russia's oil and gas industry.

"The MOU underscores GE's interest in discussing, jointly with the Russian government and Russian oil and gas companies, the technology needs of the Russian oil and gas industry today and in the future, identifying key areas of cooperation to create value for the Russian Federation and GE," GE Energy Chief Executive John Krenicki said.

Under the terms of the agreement, GE and Rosneft will form a joint working group to identify potential opportunities, including equipment for Arctic offshore field development, gas monetization technologies and enhanced oil recovery and difficult reserve development.

GE has a history of partnering with Russia. In September, the conglomerate revealed that it had set up two new joint ventures in Russia to expand its presence in the country's health-care and energy markets. Last month the company issued a statement saying it supports the introduction of legislation that would establish permanent normal trade relations with Russia, which is slated to join the World Trade Organization later this summer.

In April, GE reported that its first-quarter earnings declined 12% as the conglomerate's revenue slumped in the absence of a contribution from media company NBC Universal. Still, the quarter showed some progress in GE's industrial businesses, which had in recent quarters struggled to translate higher revenue into bigger profits as prices remained under pressure from competition and weak demand.

GE's stock was down eight cents to $20.76 in recent trading. Shares are up 16% year-to-date.

Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com

(END) Dow Jones Newswires

July 02, 2012 10:22 ET (14:22 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Mærsk: Fragtraterne fortsatte opturen i denne uge

03-09-2015 13:45:50
Fragtraterne på den store rute mellem Asien og Nordeuropa er steget med over 25 pct. for anden uge i træk, skriver nyhedsbureauet Reuters, med henvisning til ta..

Aktier/åbning: ISS straffes for canadisk storudsalg

03-09-2015 09:22:45
Servicekoncernen ISS rammes af et storudsalg af aktier fra den canadiske pensionskasse Ontario Teachers Pension Plan. Pensionskassen har sat 11 mio. aktier til ..

Vind: Brasilien lover højere prisloft på næste auktion

03-09-2015 08:33:37
Der er godt nyt til vindindustrien i Brasilien, hvor myndighederne lover at forhøje maksimalprisen ved den kommende auktion over vindmølleprojekter. Priserne ve..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Grøn torsdag afløses af fredagsdepression
2
Japansk støvsugning har nået grænsen
3
USA: Beskæftigelsesrapport overrasker markant negativt - NY
4
Aktiemarkedet holder vejret inden mødet med nøgletallenes konge
5
Danske C20 Cap i top-fem over verdens største indeksstigninger

Relaterede aktiekurser

General Electric Co 24,00 -2,1% Fald i aktiekurs
Gen.Electric COM STK USD.. 21,60 13,7% Stigning i aktiekurs
General Electric 21,60 -3,2% Fald i aktiekurs
GEN Elec 23,70 1,3% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
5. september 2015 03:10:48
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150903.1 - EUROWEB6 - 2015-09-05 03:10:48 - 2015-09-05 03:10:48 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x