2013

The Premier Drilling Event The SPE/IADC Drilling Conference and Exhibition, taking place on 5-7 March 2013, provides the opportunity for producers, contractors, and service company professionals to meet, discuss, evaluate and share ideas to advance worldwide drilling operations, promote solutions to common problems and improve overall efficiency and profitability. 5-7 …

The year-end collegium of the Ministry of Ecology and Natural Resources of the Republic of Tatarstan with participation of Rustam Minnikhanov, President of the Republic of Tatarstan, Sergey Donskoy, Minister of Natural Resources and Ecology of the Russian Federation, and Marina Seliverstova, Head of the Federal Agency for Water Resources …

Bashneft has concluded a new Collective Agreement with its employees for 2013–2015. The document has been signed by the Company’s President Alexander Korsik representing the employer and by the chairman of the United Employee Representative Body Ildar Sadykov representing the employees. The collective agreement governs the relationship between the employees and the employer as part of a social …

The Board of Cadogan is pleased to announce that the Company has received judgment in its litigation against Global Process Systems LLC (“GPS”). Mr Justice Eder of the High Court in London has today awarded judgment in favour of the Company in the sum of just over US$21,000,000 inclusive of interest (the “Judgment Debt”), to be paid by …

Rosneft delegation led by Igor Sechin began its work in China on February 17. Rosneft President and Chairman of the Management Board Igor Sechin held a working meeting with Vice Premier of the People’s Republic of China Wang Qishan. The parties discussed a broad range of issues related to increasing …

Igor Sechin, Rosneft President and Chairman of the Management Board, held a working visit to the Republic of South Korea to hold talks with KOGAS and STX management on February 16. The parties discussed prospects for expanding cooperation in hydrocarbon production as well as development of transportation technologies. Source

As of December 31, 2012, Slavneft’s audited proven reserves under USA Securities and Exchange Commission’s (SEC) LOF (life of field) methodology amounted to 1650.4 million barrels. The Company’s proven reserves increased by 8.4 million barrels or 0.5% as compared to 2011. The Holding’s reserves replacement ratio calculated as a ratio …

ТNК-ВР reports that it has become the first Russian company to sign an agreement with the Federal Tax Service (FTS) on an investment tax credit for implementing energy efficiency improvement projects in West Siberian brownfields. TNK-BP is one of the major power consumers in Russia (ca. 1.5% in the country’s …

07 February 2013 in Moscow, in the framework of the preparation to the XI Moscow International Energy Forum “Russian Energy and Fuel Complex in the XXI century” was held the round table “World Energy: On the Threshold of Major Changes. The place of Russia in Global Energy Markets by 2020.” …

Rosneft and ExxonMobil have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include approximately additional 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic, and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska. They have also …