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Rosneft: Board of Directors Meeting Results

Rosneft Board of Directors met on February 11, 2013 and took the following decisions: on execution by the Company of transactions to arrange financing from a group of international banks for the total amount of $14.2 billion to acquire 50% of TNK-BP Ltd. shares from Alfa-Access-Renova (AAR) Consortium; on expanding …

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Rosneft Signs Loan Agreements Worth $14.2 Bln with Group of International Banks

On February 13, 2013 Rosneft signed loan agreements for the total amount of U.S. $14.212 billion. The financing will be used to acquire a 50% stake in TNK-BP Ltd. from AAR (Alfa, Access, Renova) Consortium. The cost of the financing that is being arranged is one of the lowest at …

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Alliance Oil: Launches Gas Production at the Ust-Silginskiy Field

Alliance Oil Company Ltd has completed infrastructure development and launched gas production at the Ust-Silginskiy field in the Tomsk region. The Company has started delivering gas via a 43-kilometer pipeline from the field to the Gazprom trunk pipeline. A gas sales contract has been signed with Gazprom’s subsidiary. A gas …

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SOCAR: Europe may receive Shah Deniz gas by 2019

Gas from the second phase of Azerbaijan’s Shah Deniz gas project is expected to reach Europe in 2019, Azeri state energy firm SOCAR said on Tuesday. ‘Production at Shah Deniz II will start in 2018. The pipeline will be filled and gas will reach European borders by 2019,’ SOCAR First …

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Dockwise Ltd : Q4 2012: Strong finish to 2012; Dockwise Entering Period of Sustained Growth

DOCKWISE Ltd. today publishes results for the three month period ended 31 December 2012. Results of Fairstar Heavy Transport N.V. are fully consolidated within the financial statements for Dockwise Ltd. as from 1 July 2012.  Financial Highlights Q4 2012 Revenues of USD 187 million (USD 136 million in Q3 2012); …

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Dockwise Supports Combination with Boskalis and Recommends Boskalis Offer to Shareholders

The Board of Directors of Dockwise has unanimously resolved to support the combination of Dockwise and Boskalis and to recommend the mandatory cash offer by Boskalis of EUR 18.50 / NOK 137.65 per share cum dividend for all of the issued and outstanding common shares in the capital of Dockwise. …

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TNK-BP Increases Investment in Environmental Programs by 40% in 2012

ТNК-ВР informs that investment in environmental protection in the Orenburg region has increased 40% based on 2012 results to amount to over 520 mln rubles compared to 2011.   TNK-BP is consistently implementing a comprehensive program aimed at minimizing the impact of its operations on the environment. The Company is …

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LUKoil Top Management Continue Share Purchases

President Vagit Alekperov and Vice-president Leonid Fedun of OAO LUKOIL over the last two weeks made acquisitions in Company stock in the amount of 140,000 shares and 31,875 shares at market price, which amounted to RUR 281 million and RUR 63.7 million, respectively. As a result of the transactions, Vagit …

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ITF Secures 3 New Members

ITF, the global technology facilitator, has signed three new members to its international group of oil and gas operators and service companies, who will work together to drive forward innovation and collaboration in the industry. CNR International (CNR), the International division of Canadian Natural Resources Limited (Canadian Natural), one of …

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Gazprom and LUKOIL Agree on Associated Petroleum Gas Processing at Sosnogorsk GPP

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL. On Timaiz Mountain in Yugyd Va (Clear Water) state national park, Komi Republic The parties discussed the progress with the Agreement on Strategic Partnership, as well as the cooperation deepening issues. In particular, Alexey Miller and …

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