Shelton Petroleum AB: Comment to the Request for Conversion
The Board of Directors of Petrogrand and Shelton Petroleum have not been able to solve the dispute regarding the conditions that have to be fulfilled for the conversion of Convertible 2. Petrogrand has today issued a press release stating their continued intent to convert and to let a court of …
Rosneft Discovers New Hydrocarbon Deposits at Eastern Siberia’s License Blocks
Four new hydrocarbon deposits were discovered at Rosneft’s license blocks in Eastern Siberia, and reserves for one of the reservoirs have been converted from C2 to C1 category. The increase in C1 recoverable oil and condensate reserves was over 10 million tonnes; gas reserves – 12 bcm, which was approved …
Liebherr Group Equals Previous Year’s Turnover in 2013 Despite Weak Economic Climate
Anticipated turnover is 9,086 million € workforce will probably reach 39,670 more than 800 million € invested The overall economic situation did not improve in 2013. According to current forecasts, the global economy will grow by just under 3 % and global production probably by 3.1 %. In this year …
Moody’s Affirms Rosneft’s Credit Rating at Baa1, Upgrades Outlook to Stable
Moody’s International Rating Agency announced today that it affirmed Rosneft‘s Baa1 credit rating and upgraded outlook to stable. Rosneft Baa1 credit rating is now on a par with the sovereign rating of the Russian Federation. The management of Rosneft held a number of meetings with Moody’s representatives, where the mid-term …
Rosneft Starts Early Repayment of Loans Arranged for TNK-BP Acquisition
Rosneft announces that it has started early repayment of a part of the loan obtained earlier from a group of international banks to finance TNK-BP acquisition. Early repayment of the loans obtained to finance TNK-BP acquisition before the due time established by the relevant loan documents became possible due to …
Moody’s Affirms Rosneft’s Credit Rating at Baa1, Upgrades Outlook to Stable
Moody’s International Rating Agency announced today that it affirmed Rosneft’s Baa1 credit rating and upgraded outlook to stable. Rosneft Baa1 credit rating is now on a par with the sovereign rating of the Russian Federation. The management of Rosneft held a number of meetings with Moody’s representatives, where the mid-term …
Rosneft and ExxonMobil Complete JV Formation to Develop Tight Oil Reserves in Western Siberia
Rosneft and ExxonMobil today signed documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation. Rosneft will hold 51 percent interest and ExxonMobil will hold 49 percent interest in this project. …
CGG to Implement a New Strategic Phase
During its Capital Market Day hosted today in Paris for investors and analysts, CGG presented the latest phase in its strategic roadmap which will be fully implemented by the end of 2016. Rebalance its portfolio of activities and Improve profitability and cash generation 2013 EBIT revised down to $400m-$420m Award …
Shah Deniz Final Investment Decision Paves Way for Southern Corridor Gas Link with Europe
The Shah Deniz consortium today announced the final investment decision (FID) for the Stage 2 development of the Shah Deniz gas field in the Caspian Sea, offshore Azerbaijan. This decision triggers plans to expand the South Caucasus Pipeline through Azerbaijan and Georgia, to construct the Trans Anatolian Gas Pipeline (TANAP) …
Zoltav Resources: Purchases the Bortovoy Licence
Zoltav, the CIS-focused oil and gas exploration and development company, is pleased to announce that it has signed a Sale and Purchase Agreement with Bandbear Limited, currently a 32.5 per cent shareholder in Zoltav, to acquire Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) which, through a wholly-owned subsidiary, holds …