International Petroleum: Director Resignations
International Petroleum Limited announcesthat Mr Antonio Antoniou and Mr Pierre Godec resigned as non-executive directors yesterday with immediate effect. Given that, in order to minimise cash outflows, the Company has temporarily ceased its oil and gas exploration and production activities and that it is in discussions with a third party …
Taneco’s Board of Directors Meeting
A meeting of JSC TANECO’s Board of Directors chaired by Nail Maganov, First Deputy Director General – Head of URNiN (Crude Oil and Oil Products Sales Department) of JSC TATNEFT, was held in Nizhnekamsk on August 22. The Board of Directors approved the reports on the financial and economic activities …
Rosneft President and Management Board Members Increase Stakes in Charter Capital
Rosneft President and members of the Management Board have increased their interests in the Company’s charter capital as follows: Igor Sechin, President, Chairman of the Management Board of Rosneft, increased his holding from 0% to 0.0075% Larisa Kalanda, member of the Management Board, Vice President of Rosneft, increased her holding …
Shelton Petroleum: Interim Report January-June 2013
Strengthened financial position accelerates increases in production January – June 2013 *Total revenue for the period: SEK 46 (52*) million *Operating result for the period: SEK 11 (18*) million *One-off item increased revenue and profit for 2012 by SEK 7[1] million *Basic and diluted earnings per share: SEK -0.44 (1.37) …
Max Petroleum: 2013 Annual Report and Accounts and Notice of AGM
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces the publication of its annual report and accounts for the year ended 31 March 2013. The Company also announces that its Annual General Meeting will be held at 11:00 am on Wednesday 25 September 2013, …
Rosneft and ExxonMobil Proceed with LNG Project Implementation
Rosneft and ExxonMobil continue to progress the LNG project proposed in the Russian Far East. The contractor selection process for design and engineering work has officially commenced. In 2013-2014 Rosneft and ExxonMobil plan to complete design work, including selection of a liquefaction technology and identification of major equipment requirements, to …
Gazprom Neft’s Board of Directors Recommends Payment of Interim Dividends
Gazprom Neft’s Board of Directors has called for an extraordinary general meeting (EGM) to consider payment of an interim dividend for the 6 months ended 30 June 2013. The EGM will be held on 30 September 2013. The record date for participation in the EGM is the close of business on 25 August 2013. The Board recommends that Gazprom Neft’s shareholders approve the payment of a dividend …
Alliance Oil: Interim Report for the Quarter and Six Months Ended 30 June 2013
Quarter ended 30 June 2013 Revenue of MUSD 906.6, up 11% from Q2 2012. EBITDA of MUSD 173.1, up 30% from Q2 2012. Profit before tax of MUSD 59.3, up 102% from Q2 2012. Currency exchange loss of MUSD 19.8 negatively affected profit before tax. Profit for the period of …
KazTransGas National Gas Shipping Company to purchase annually 2.5-3 billion cubic meters of gas from Kashagan consortium
KazTransGas National Gas Shipping Company has signed an agreement with Kashagan consortium member companies to purchase 2.5-3 billion cubic meters of gas a year to be produced at the giant Kashagan oilfield. “According to the agreement, KazTransGas is to purchase all the gas to be produced at Kashagan at the …
Ruspetro Signs $30m Prepayment Facility with Glencore
Ruspetro plc today announces that the Company has signed a crude oil prepayment facility with Glencore Energy UK Ltd for US$30 million. The facility is for a period of one year and requires the Company to deliver a minimum of 15,000 metric tonnes per quarter (approximately 1,200 bopd) of crude …