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Gazprom to Acquire 92.25% of Kamchatgazprom Shares from Rosneftegaz

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 …

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Hughes Network Systems: Launches New Ruggedized Terminal Designed with Compact Integrated Antenna, Ideal for Extreme Weather Conditions

Hughes Network Systems, LLC, the global leader in broadband satellite networks and services, and the only approved North American manufacturer of Broadband Global Area Network (BGAN) terminals, today announced that its new Hughes 9502 BGAN M2M (machine-to-machine) terminal with integrated antenna has been fully ‘Type Approved’ by Inmarsat, and commercial …

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Bashneft wins the IT-Leader Award for the third consecutive year

On April 19, 2013, the IX Annual National ‘IT-Leader – 2013’ Award ceremony was held in Moscow. Bashneft won the award for the third consecutive year. This year, the Company has won in the special category ‘For Achievements in Creating HP Converged Cloud’ In 2011-2012 Bashneft implemented a number of …

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Range Resources Proposes to Undertake Merger with International Petroleum

Range proposes to merge with International Petroleum on a ratio of three Range ordinary shares for every two International Petroleum ordinary shares (3:2 basis) subject to various conditions, including final due diligence and regulatory approvals; – Based on Range’s current share price (on the AIM market), this values International Petroleum …

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Rosneft Head Held Working Meeting With Kirghiz Prime Minister

On the 22th of April Igor Sechin, Rosneft President, Chairman of the Management Board, held a working meeting with Zhantoro Satybaldyev, Kirghiz Prime Minister. The parties discussed a wide range of issues concerning bilateral cooperation between Rosneft and the Republic of Kirgizia. During the meeting Igor Sechin and Albek Ibraimov, …

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Efficient utilization of associated petroleum gas – one of Gazprom’s priorities

The Gazprom Board of Directors approved the Company’s activities aimed at boosting the efficiency of associated petroleum gas (APG) utilization in Russia. The meeting emphasized that APG utilization growth was one of Gazprom’s priorities, which fully complied with global trends towards low-carbon and energy efficient economic development. The Company displays a stable growth of this parameter. Over the last four …

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Dockwise Ltd: Completes Acquisition Dockwise

Reference is made to the press release of 20 March 2013, whereby it was announced that Boskalis Holding B.V. (the Offeror), a wholly-owned subsidiary of Royal Boskalis Westminster N.V. (Boskalis), had initiated a compulsory acquisition of shares under Section 103 of the Bermuda Companies Act to acquire all remaining shares …

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The problems of oil and gas construction will be discussed in Moscow on May 28

III Annual International Conference “Building activity in the oil and gas industry” will be held on May 28 inMoscow at the Intercontinental Moscow Tverskaya hotel. Conference “NEFTEGAZSTROY” allows contractors to communicate with a wide variety of customers and colleagues, to broaden horizons, to acquire useful business contacts.   The conference …

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KMG EP announces operating results for the first quarter of 2013

KazMunaiGas Exploration Production announces that in the first three months of 2013 it produced 3,002 thousand tonnes of crude oil (247 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 1% less than in the same period of 2012. Uzenmunaigas JSC (UMG) produced 1,237 …

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Dragon Oil plc: Interim Management Statement

Dragon Oil plc (Ticker: DGO), an international oil and gas exploration, development and production company, issues its Interim Management Statement in accordance with the EU Transparency Directive. The statement covers the period from 1 January 2013 to date. The financial, production and drilling results data are for the period from …

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