PetroNeft Resources: Half Year Review – Production Stablised, Progress with Financing
PetroNeft Resources plc owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to report its results for the 6 months ended 30 June 2013. Highlights: H1 production of 445,949 barrels of oil for the period – average of 2,464 bopd Encouraging further progress …
Rosneft’s Sechin Offers to Buy Out TNK-BP Minorities
Russian Rosneft’s board will consider the possibility of buying out minority shareholders of TNK-BP Holding, offering a 20 to 30 percent premium to the current share price, Rosneft’s head Igor Sechin said on Friday, reported by Reuters “This will reflect a fair price, we think that the premium to the …
Rosneft Acquires ALROSA Oil and Gas Assets
Rosneft agreed to acquire a number of oil and gas assets from ALROSA in Yamalo-Nenets Autonomous Region and in the Republic of Sakha (Yakutia), including 100-percent holdings in CJSC Geotransgaz, Urengoi Gas Company LLC, CJSC Irelyakhneft and the 99.9995 percent stake in OJSC ALROSA -Gas. The agreement was signed by …
Rosneft and ExxonMobil Selects Contractors for Initial Phase Engineering and Design for Russian Far East LNG Project
Rosneft and ExxonMobil today selected CB&I UK and Foster Wheeler Energy as contractors for initial phase front end engineering and design (FEED) for a proposed Russian Far East liquefied natural gas project. Rosneft and ExxonMobil intend to finalize project design by the end of 2014, including front-end engineering and design …
Urals Energy: 2013 Half Year Results – Working Capital Turns to Black
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce its half-year results for the six months ended 30 June 2013. Operational Hghlights – Total production at Arcticneft reached 125,651 barrels (H1-2012: 128,249 barrels). – Total production at Petrosakh reached 240,533 barrels (H1-2012: …
Kashagan: Production Halted After Leaking Pipe
Kazakhstan’s giant offshore oilfield Kashagan has halted production for up to four days after an accident, but this will not delay the start of commercial output set for October, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Thursday. It took nearly 13 years and about $50 billion before first …
INPEX Participates in Zapadno-Yaraktinsky Block and Bolshetirsky Block, Onshore Irkutsk, Russian Federation
INPEX CORPORATION is pleased to announce that INPEX and ITOCHU Corporation (ITOCHU) participated in the bid held by Japan Oil, Gas and Metals National Corporation (JOGMEC) for the sale of part of its share (340 shares, 100%) in its wholly-owned subsidiary, Japan South Sakha Oil Co., Ltd. (JASSOC). JASSOC has …
Rosneft Agrees Gas Supplies to Fortum Assets in Russia
Rosneft and Fortum have signed a cooperation agreement on additional gas supplies. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and Fortum CEO Alexander Chuvayev. Under the document signed, by December 10, 2013 the parties will agree terms of the gas supply contract, …
Rosneft Agrees Long Term Gas Supplies to Enel Assets in Russia
Rosneft and Enel OGK-5 signed an agreement on the long-term gas supplies to Enel OGK-5 enterprises. The agreement was signed by Rosneft President, Chairman of the Management Board, Igor Sechin and General Director of OJSC Enel OGK-5 Enrico Viale. As part of the agreement Rosneft plans to deliver gas in …
Baker Hughes and CGG Alliance Tackles Shale Resource Challenges
An update on the CGG and Baker Hughes shale alliance announced during the 2012 SEG annual meeting. It is now a year since CGG and Baker Hughes announced that they would enter into a collaborative relationship that could redefine shale reservoir exploitation. Since then CGG has acquired Fugro’s Geoscience division …