Address of the Director General of MIEF-2013
I am sincerely glad to welcome all who are preparing to participate in the next Moscow International Energy Forum “Russian Energy and Fuel Complex in the XXI Century” (MIEF-2013). A little more than a month remains before the date of the opening of the Forum – its preparation is entered …
Exillon Energy Reports “B” Gradings from the Rating Agencies
Exillon Energy plc, a London Premium listed independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora and West Siberia, today announces ratings from S&P and Fitch. Exillon is pleased to announce that it has received the following debt ratings: · S&P: rated B (stable outlook) · …
Tatneft Continues to Introduce Gas Turbines for APG
JSC TATNEFT continues to work actively to ensure rational use of associated petroleum gas. In the frame of these activities the Company is introducing “Capstone” microturbine power plants working on associated petroleum gas (APG). Gas turbines with the total capacity of 2.2 MW allow generating about 10.8 million kilowatt-hours of …
Integra Group Announces Agreement to Divest Part of its Rig Fleet to Seneal International Agency
Integra Group announces that it has entered into an agreement with Seneal International Agency Ltd for the sale of 9 of its 41 land rigs and related assets located in Eastern Siberia. The purchase price is approximately RUB 2.1 bn (US$69 million) which is to be paid in installments until …
EDC Announces New LUKOIL Framework Agreement
Eurasia Drilling Company Limited announced today that it has signed a new long-term framework agreement for onshore drilling and completion operations with OAO LUKOIL. The new framework agreement, which concludes on December 31, 2015, defines pricing methodology and minimum work volumes (metres drilled) for exploration and production drilling in Russia. …
Eurasia Drilling Signs new LukOil Contract with Net Income Up 35%
Russia’s top oilfield services company Eurasia Drilling (EDC) said on Tuesday its 2012 net income jumped 35 percent, year-on-year, to $382 million on strong demand from oil firms fighting output declines at depleted fields. * Net income rises 35 pct to $382 mln in 2012 * EBITDA up 31 percent …
Max Petroleum: Further Success at Zhana Makat ZMA-A22
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA-A22 development well in the Zhana Makat Field has successfully reached a total depth of 1,363 metres, encountering hydrocarbons in Jurassic and Triassic sandstone reservoirs in line with expectations. The Company plans …
Tethys Petroleum: Financial Results – First Cash Profit
Tethys Petroleum Limited today announced its Annual Results for the period ended December 31, 2012. The financials are highlighted by a 66% increase in annual oil and gas revenue and the first year in which the Company has generated a cash profit.(1) Financial Highlights Oil and gas sales of USD38.11 …
Hess Confirms Sale of Samara-Nafta to LukOil
Hess Corporation announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion. Based on its 90 percent interest in Samara-Nafta, total after tax proceeds to Hess are expected to amount to approximately $1.8 …
LUKOIL Acquires 100% OF Samara-Nafta
LUKOIL and the owners of ZAO Samara-Nafta signed a purchase and sale agreement for 100% of the shares of ZAO Samara-Nafta, the oil producing company in Samara and Ulyanovsk regions of the Russian Federation. The oil production rate comes to around 2.5 million tons of oil per year. The company …