tmk Archive

TMK Signs Formula Pricing Agreement with Gazprom Neft

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, signed an agreement with Gazprom Neft to apply formula pricing to pipe products. Price formula is based on market prices for commodities and feedstock used in pipe production. It is the first agreement of this type to be signed

TMK Announces 1Q 2014 Operational Results

 TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the first quarter of 2014. 1Q 2014 Highlights   In the first quarter of 2014, TMK shipped a total of 1,022 thousand tonnes of steel pipe to consumers, down 3% and 8% year-on-year and quarter-on-quarter respectively. The drop

TMK Ships LD pipe for NOVATEK’s Yurkharovskoye Field

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has supplied large diameter pipe (LD pipe) for the compressor station at Yurkharovskoye field. The supply included 1,800 tonnes of 1,020 and 1,220 mm K60-grade longitudinal welded LD pipes manufactured at the Volzhsky Pipe Plant, a TMK subsidiary. These

Baker Hughes and TMK to Deliver Integrated Solutions

Well Completion Solutions Designed to Mitigate Risk and Reduce Costs Baker Hughes Incorporated, one of the world’s largest oilfield service companies, and TMK, one of the world’s largest producers of pipes for the oil and gas industry, announced today their intention to jointly develop integrated well completion solutions. Targeted at both onshore and offshore fields,

TMK ANNOUNCES 4Q 2013 AND FY 2013 IFRS RESULTS

The following contains forward looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties.     OAO TMK (“TMK” or “the Company”), one of the world’s leading producers of tubular products for the oil and gas industry, announces today its audited

TMK Announces Prices Increase

 TMK, one of the world’s leading producers of pipe for the oil and gas industry, announces a 5-10% increase in prices for some of its tubular products under new contracts starting from April 1, 2014. The rationale behind TMK’s decision is the rise in prices of flat products sourced by the Company from the Russian

TMK Premium Products Qualified by Kuwait Oil Company

Taganrog Metallurgical Works (TAGMET), a TMK subsidiary, was qualified by Kuwait Oil Company (KOC), one of the Middle East oil majors, as an approved supplier of ТМК UP PF and ТМК UP PF ET premium connections. ТМК UP PF and ТМК UP PF ET represent a professional line of premium connections manufactured under the TMK

TMK Authorized to Ship Pipe Made of Its Own Billet to Iraq’s South Oil Company

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has received official confirmation that its pipes made of the Company’s Russian-produced billets are eligible for use by Iraq’s South Oil Company (SOC). Last year SOC’s engineers visited TMK’s Russian facilities to get an overview of pipe billet production

TMK Holds Extraordinary General Meeting of Shareholders

TMK announces that its shareholders duly approved the resolutions proposed at the Extraordinary General Meeting of Shareholders (EGM), which took place on November 11, 2013, in the form of an absentee voting. Shareholders voted to approve interim dividends, for the first 6 months of 2013, of RUR 1.04 per share (approximately USD* 0.13 per GDR).

TMK Announces 9M 2013 Operational Results

The following contains forward looking statements concerning future events. These forward looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. TMK (LSE: TMKS), a leading global manufacturer and supplier of steel pipes for the oil and gas industry, announces its operational results for nine months