Petroneft Board Still Resisting Shelton Petroleum’s Offer
The acceptance period of Shelton Petroleum AB to Petrogrand AB‘s shareholders expired on 12 March 2014. Only 12.4 % of the shareholders had at this point accepted the Offer. Shelton, who had stipulated in the Offer that at least 50 % of Petrogrand’s shareholders should accept the Offer, has nevertheless …
Jack-Up Barge Announces New Offshore Installation Method
Jack-Up Barge, the offshore self-elevating platform supplier, has pioneered a new cost-effective installation method that promises to revolutionise offshore wind turbine construction. The Netherlands-based based company, one of the world’s leading suppliers to the offshore energy markets, successfully completed sea trials at the beginning of March, on a new, first-of-its-kind, …
Sakhalin Energy Has Produced 50 million Tonnes of LNG
The first Russian liquefied natural gas plant has been launched in February 2009. Since that time, Sakhalin Energy supplied 769 cargoes of LNG. The bulk of the product has been shipped to Japan and South Korea. Also, Sakhalin-2 LNG was delivered to China, India, Thailand and Taiwan. The output of …
Novatek: Leonid Mikhelson Ups Share Holding
OAO NOVATEK has received notice from the Chairman of the Company’s Management Committee Leonid Mikhelson regarding a change in his direct equity stake of ordinary shares of NOVATEK. His Share total went from 0.6944% to 0.7033%
NOVATEK: Continues Share Buyback Program
Novatek announces today that pursuant to the Company’s buyback program originally announced on 7 June 2012 and subsequently extended, during the period from 11 through 14 March 2014, 2 476 250 ordinary shares (including in a form of Global Depository Receipts) were purchased on the open market. According to NOVATEK’s …
PetroNeft Resources: Secures New Financing and Progresses Well with Farmout
PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, is pleased to announce a funding and operations update. Highlights • $6.7 million fundraising consisting of o $5.2 million new equity issue at 5 pence per share o $1.5 million in debt • Production higher at 2,400 …
International Petroleum: Fails to Lodge Financial Reports and Has Trading Suspended
International Petroleum has failed to release their Preliminary Final Report for 31 December 2013 pursuant to NSX Listing Rule 6.11 and thus trading of its securities will remain in suspension. The securities of the Company will be restored to trading once it has satisfied its obligations pursuant to the NSX …
Shelton Petroleum: Ups Offer Significantly for Petrogrand and Becomes the Largest Shareholder
Shelton Petroleum completes the Offer and becomes the largest shareholder in Petrogrand. In order to make the offer attractive to even more shareholders we have increased and extended the Offer. We look forward to creating new value for the shareholders of both Shelton and Petrogrand, says Robert Karlsson, CEO of …
BP Reaches Administrative Agreement with EPA Resolving Suspension and Debarment
Agreement Clears the Way for BP to Enter Into New Contracts With the Federal Government BP today announced that it has entered into an administrative agreement with the United States Environmental Protection Agency (EPA), on behalf of the federal government, resolving all matters related to the suspension, debarment and statutory …
TMK Announces Q4 2013 And Full Year 2013 IFRS Results
OAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces today its audited consolidated IFRS financial results for the twelve months ending December 31, 2013. – Total pipe sales increased by 7% QoQ to 1,090,000 tonnes mainly due to the growth of …