2013

Billionaire Mikhail Fridman’s Alfa Group will invest $20 billion or more in global oil and gas projects through a new fund it has set up that will be advised by top-ranking former oil bosses, including ex-BP chief executive Lord Browne reports Reuters. * German Khan to be CEO, recruiting managers …

Bashneft Group opened a state-of-the-art Drilling Support Centre (DSC) in Ufa designed and constructed by Schlumberger, the world’s leading supplier of a full range of modern technologies, project management services and IT solutions for the oil and gas industry. The DSC is designed to provide professional real-time drilling support maximizing operational and economic efficiency. Bashneft’s investment in the creation of the DSC totalled 165 million …

  The acceptance period of the tender offer has ended on 14 June 2013; On the basis of the provisional results, no. 213,796,505 of Saras S.p.A. – Raffinerie Sarde ordinary shares, equal to 22.48% of the issued corporate capital of the same company, have been tendered in acceptance of the …

Gazprom’s semi-submersible drilling rigs Polyarnaya Zvezda (Polar Star) and Severnoye Siyaniye (Northern Lights) left today the Kholmsk Port on the Sakhalin Island and entered the Sea of Okhotsk. The Kirinsky block of the Sakhalin shelf is their destination point. Polyarnaya Zvezda is moving to the Kirinskoye field to construct production wells initiated last year. The mission of Severnoye Siyaniye is to drill an exploratory well at the Yuzhno-Kirinskoye …

BP PLC revised down its estimates for proved reserves of natural gas in countries in the former Soviet Union by almost a third as it brought the numbers in line with Western accounting standards on reserves, BP Chief Economist Christof Ruehl said Wednesday. Russia’s gas reserves were revised down to …

Further to its announcement of 24 April 2013, Range Resources Limited is pleased to provide the following update with respect to its proposed strategic merger with International Petroleum Limited. Since announcing the intended merger transaction, key legal , technical, corporate and financial advisors have been appointed and the parties have …

Red Mountain Energy, together with Premium Engineering, will take part in the 12th Moscow International Oil & Gas Exhibition (MIOGE 2013) to be held on June 25-28 at the Expocenter, Moscow. This is Russia’s major oil and gas exhibition and a traditional meeting place for the world’s leading oil, gas …

Open Joint Stock Company Slavneft-Yaroslavnefteprodukt’s Annual General Shareholders Meeting was held on June 13, 2013. The Company’s 2012 Annual Report, Balance Sheet and Profit and Loss Statement were approved at the Meeting. The Shareholders resolved not to pay dividends on the ordinary and privileged shares of the Company due to …

Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, LUKOIL was awarded two licenses in the Norwegian sector of the Barents Sea.   At block 719 (Fingerdjupet Region) LUKOIL holds a 30-percent interest, Britain’s Centrica (operator) – 50% and Norway’s North Energy – 20%. …

Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to provide an operational update on its flagship BNG asset. Well 143 As previously announced, Well 143 was spudded on 1 April 2013, on the MJ-F structure located towards the North of South Yelemes field …