International Petroleum: Strategic Merger Offer By Range Resources
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, advises its shareholders that Range Resources Limited announced on 24 April 2013 its intention to undertake a strategic merger to acquire all of the issued shares in International Petroleum either by making an …
Gazprom to increase operating gas reserve in Russian and Belarusian UGS facilities by forthcoming heating season
The Gazprom Management Committee addressed operating results of the Company’s subsidiaries over the autumn/winter 2012–2013 period (from October to March) as well as the measures required for uninterrupted gas supply to consumers in the autumn/winter 2012–2013 period. Gas treatment unit at Nevskoye UGS Directorate Enlarged photo (JPG, 2 MB) The meeting highlighted that Gazprom Group had secured a sustainable gas supply to Russian consumers …
Gazprom to acquire 92.25 per cent of Kamchatgazprom shares from Rosneftegaz
The Gazprom Board of Directors held a meeting in absentia. The Board of Directors approved the acquisition by Gazprom of a 92.25 per cent stake in Kamchatgazprom from Rosneftegaz. According to the terms of the deal agreed upon with Rosneftegaz the shares of Kamchatgazprom will be purchased for RUB 2.85 billion. Gazprom will be offered the opportunity of making interest-free installment payments over 23 years. The shares will be paid …
Meeting of the Board of Directors of TANECO
The meeting of the Board of Directors of JSC “TANECO” chaired by Nail Maganov, Deputy General Director – Head of URNiN Department of JSC TATNEFT was held in Nizhnekamsk on April 25. In accordance with the agenda the Board of Directors was presented reports of the Executive Directorate on the …
XI Moscow International Energy Forum (MIEF-2013): new impetus for strategic understanding of Russian Fuel & Energy Complex in the future.
XI Moscow International Energy Forum and Exhibition “Russian Fuel & Energy Complex in the XXI Century” (MIEF-2013) have completed its work. More than 1600 delegates participated in the Forum, among them were the foreign representatives and diplomatic missions’ staff from 18 countries, official delegations from 40 regions of the Russian …
Cadogan Petroleum plc: Annual Financial Report
The Directors present the Annual Financial Report for the year ended 31 December 2012. The full Annual Report and Accounts will shortly be available via the Company’s website at www.cadoganpetroleum.com KEY POINTS Cadogan Petroleum plc is an independent oil and gas exploration,development and production company with onshore gas, condensate and …
Rosneft Head Visited GE Offshore And Underwater Hydrocarbon Production Department in Britain
Igor Sechin, Rosneft President, Chairman of the Management Board visited GE Offshore and Underwater Hydrocarbon Production Department in the English city of Aberdeen as part of a series of Rosneft delegation visits to GE production and engineering facilities. During the visit Rod Christie, Vice President, Subsea Systems, GE Oil & …
Rosneft completes acquisition of minority stake in Saras S.p.A.
Rosneft JV Projects S.A., an indirect 100% subsidiary of Rosneft announces, pursuant to Article 41, paragraph 2, letter c) of the Consob Regulation no. 11971/1999, that on April 23, 2013 it completed the acquisition of 130,290,883 shares of Saras S.p.A. (representing approximately 13.70% of the issued share capital of Saras …
Lukoil Announces the Completion of the Issuance of US$3 Billion of Eurobonds
LUKOIL announces the completion of the issuance of US$3.0 billion in Rule 144A/Regulation S notes. The offering consists of of 5-year US$1.5 billion of 3.416% notes and 10-year US$1.5 billion of 4.563% notes. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by OAO LUKOIL. OAO LUKOIL intends to …
Alliance Oil Company issues 7-year Eurobond
Alliance Oil Company Ltd. has agreed to issue a USD 500 million seven-year senior unsecured Eurobond. The bond will mature on May 4th, 2020 and will pay fixed coupon of 7% per annum. The offering was placed in the international debt capital markets and met strong demand from US, European and Asian …