International Petroleum Signs Binding Agreements for the Sale of Russian and Kazakhstan Assets for US $60 million
International Petroleum Limited has entered into two binding conditional terms sheets with an unrelated company incorporated in Hong Kong to sell its assets in Kazakhstan and Russia for US $60 million. Commenting on the reaching of agreement for the sale of its Kazakhstan and Russian assets, International Petroleum Chairman, Mr …
NADL: Partnership Discussions on Hold, Filing for NYSE Listing
North Atlantic Drilling Ltd. and Seadrill Limited announced on August 15, 2013 that the companies were actively engaged in specific discussions with the potential to bring in a strategic partner as a major owner in NADL. The parties have made solid progress in these discussions but have not yet been …
NOVATEK Reports Preliminary Operating Data for the Third Quarter of 2013
OAO NOVATEK reported today preliminary production data for the third quarter and nine months 2013. In the third quarter 2013, NOVATEK’s gross production totaled 14.53 billion cubic meters (bcm) of natural gas and 1,143 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.21 …
Urals Energy: Possible Offer for up to 100 per cent of the Entire Issued Share Capital of Urals Energy
Urals Energy, the independent exploration and production company with operations in Russia, announces that following the requisition of an EGM, further details of which were announced on 25 September 2013, it will today post a notice convening an extraordinary general meeting of the Company’s shareholders for 11.00 a.m. (Cyprus time) …
Rosneft and Transneft Sign Agreements on Key Projects
Rosneft President and Chairman of the Management Board Igor Sechin and Transneft President Nikolai Tokarev have signed a number of agreements in fulfillment of the strategic plans on mutually beneficial terms and based on principles of co-financing to increase oil supplies volumes to China and to the Rosneft’s Tuapse refinery …
Kashagan: Production Halted as Second Leak Detected
Kazakhstan’s giant offshore Kashagan oilfield halted output after a gas leak was detected on Oct. 9, a consortium developing it said on Friday, the second stoppage there since its launch a month ago. The new accident at Kashagan, which is expected to sharply ramp up Kazakhstan’s oil output in the …
Offshore Marintec Russia 2014 Conference Announces the Agenda
The first Russian specialized Exhibition and Conference on development of continental shelf infrastructure Offshore Marintec Russia will be held on October 8-10 2014 in Saint-Petersburg. Topics of the conference have been approved by the Offshore Marintec Russia 2014 Programme Committee. Four sessions are going to be held in the following …
Tatneft: Uses Izhneftemash Cementing Equipment
The Equipment manufactured by “Izhneftemash” factory of the “Rimera” Group of Companies is being introduced in JSC TATNEFT. A pump unit UNB-125×50 CO designed to perform isolation cement squeeze work during the well workover operations is used in Leninogorsk Cementing Operations Administration of the Company. The operation of this unit …
Gazprom Neft: Pilot Drilling Completed at the Novoport field
Gazprom Neft has successfully completed a drilling program, part of a larger pilot development program at Novoport field, one of the largest fields being developed in the Yamal region. Production has begun at the third horizontal well drilled at the second multi-well pad at Novoport. The length of the new …
Lundin Petroleum: Appoints Mike Nicholson as Chief Financial Officer
Lundin Petroleum AB is pleased to announce the appointment of Mr Mike Nicholson as Chief Financial Officer (CFO) following the decision of Mr Geoff Turbott to step down for personal reasons following 10 years in this position. Mr Nicholson has worked for the Company since 2005 through various roles and …