2013

Bashneft acquired LLC Bashneftegazrazvedka, which holds a licence for geological exploration of subsoil blocks aimed at prospecting and evaluating hydrocarbon reserves at the Vostochno-Ikskiy licence area in the Bakalinsky District of the Republic of Bashkortostan (the licence is valid until September 1, 2018). The Vostochno-Ikskiy licence area has a total area of 1,111.4 sq. km and borders the Ilishevskoye oilfield in the north-eastand the Mustafinskoye oilfield developed …

The regular meeting of the Board of Directors of JSC TATNEFT chaired by R.N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan (Republic of Tatarstan) on December 24, 2013. The Board of Directors reviewed the budget execution of JSC TATNEFT for eleven months of 2013 and approved …

On 17 December 2013, the amalgamation under Bermuda law of the original issuer of the Notes, Alliance Oil Company Ltd. (the Issuer”) and Alford Financial Ltd (Alford) took effect, pursuant to which the Issuer and Alford were amalgamated into a new company also named Alliance Oil Company Ltd. (the New Issuer). By operation of …

On 17 December 2013, the amalgamation under Bermuda law of the original issuer of the Notes, Alliance Oil Company Ltd. (the Issuer”) and Alford Financial Ltd (Alford) took effect, pursuant to which the Issuer and Alford were amalgamated into a new company also named Alliance Oil Company Ltd. (the New Issuer). By operation of …

Gazprom Neft and SIBUR have signed an agreement for construction of a new gas processing plant (GPP) with an annual associated petroleum gas (APG) processing capacity of 900 million cubic metres on the basis of existing Yuzhno-Priobskaya compressor station in the Khanty-Mansi Autonomous Area. The GPP is designed to have liquids recovery ratio at least of 95%, in line with global practices. The project will …

TenarisHydril Blue® connections, Dopeless® technology and the assistance of local field service specialists combine for optimum performance under unexpected conditions. As the price of crude oil remains high and global demand continues to rise, oil companies are moving further from shore into ultra-deepwaters to explore the reserves offshore of Brazil, …

Rosneft announces it repaid part of a loan obtained earlier from a group of international banks to finance the acquisition of TNK-BP. With the early repayment announced earlier, the overall amount paid towards the settlement of the principal debt totaled around USD 5.1 billion. Igor Sechin, President of Rosneft, commented: …

Rosneft announces that it signed an agreement with NOVATEK to swap assets. 40% of shares in Artic Russia B.V. held by Rosneft will be swapped for 51% shares in Sibneftegas held by NOVATEK. The transaction does not involve any cash payments. Upon completion of the transaction, Rosneft, already holding a …

The Russian 100% subsidiary of Rosneft Oil Company and Morgan Stanley signed a binding agreement to purchase the Global Oil Merchanting unit of Morgan Stanley Commodities division. Financial terms of the transaction were not disclosed. The sale includes access to an international network of oil storages, crude oil and products …

Weatherford arranged a lecture “Shale Reservoirs: Promising Alternative to Conventional Reservoirs. Evaluation and Development” for graduate, post-graduate students and staff of the Petroleum Geology Department of the Moscow State University. The lecture was delivered by Khaled H. Hashmy, Senior Petrophysics Advisor, Petroleum Consulting (Weatherford, USA). Khaled shared Weatherford’s experience in …