Aker Solutions Completes Sale of Well-Intervention Services Business to EQT
The unit was sold for an enterprise value of NOK 4 billion and the agreement includes an earn-out provision where Aker Solutions will receive 25 percent of any internal rate of return exceeding 12 percent a year on EQT’s equity investment. Aker Solutions will book a gain before any earn-out …
Shelton Petroleum AB: Communiqué from Extraordinary General Meeting 9 January 2014
At the extraordinary general meeting held today, the shareholders resolved to give the Board of Directors an authorization to resolve on new issues of equity. The shareholders also resolved not to carry out a share split or a bonus issue. CEO Robert Karlsson presented the background for the extraordinary general …
Yokogawa Wins Control System Order for Yamal LNG Project
Yokogawa Electric Corporation is pleased to announce that its subsidiary Yokogawa Europe Solutions B.V. has been awarded a contract by Yamgaz, a consortium of Technip and JGC Corporation, to supply integrated control and safety systems (ICSS) for the Yamal LNG Project to build a liquefied natural gas plant and other …
Max Petroleum: SAGW-8 7m of Net Pay
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal we ll in Sagiz West Field. The SAGW – 8 appraisal well in the Sagiz West field has reached a vertical depth of 1,351 metres with …
Zoltav Resources: Secures 2m of the 20m USD Subscription from ARA Capital
Further to the announcements of 10 June and 4 July 2013, Zoltav, the CIS-focused oil and gas exploration and development company, is pleased to announce that it has received cleared funds of US$2 million from ARA Capital Limited relating to the second tranche of the US$20m subscription entered into with …
Tethys Petroleum: Completes Strategic Acquisition in Georgia and Exits Uzbekistan
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia and the Caspian Region, is pleased to announce that it has received the appropriate Georgian governmental consent for the acquisition of a 56% interest in Blocks XIA, XIM and XIN (Project “Iberia”) in eastern Georgia. …
Gazprom: 2013 Milestones
The year 2013 has become a crucial stage for the development of Gazprom and the reinforcement of the Company’s leading positions in the Russian and global energy markets. The Company launched two offshore projects. In October the first gas was extracted from the Kirinskoye field where Russia’s first subsea production facility is installed. Two months afterwards Gazprom …
Rosneft Extends Cooperation with Armenia
As part of a working visit to Armenia Rosneft President Igor Sechin met with the President of the Republic of Armenia, Serzh Sargsyan. A number of documents, pointed at extending cooperation with the republic, were signed in presence of the Armenian President Rosneft, L.L.C. PIRELLI Tyre Russia, and Oil Techno …
Gazprom and SOCAR Developing Strategic Relationships
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Rovnag Abdullayev, President of the State Oil Company of the Azerbaijan Republic (SOCAR). The meeting addressed the status of cooperation in the energy sector, particularly focusing on the terms and conditions of natural gas supplies from Azerbaijan to Russia. The participants …
Roxi Petroleum: Financed and Poised to Deliver BNG Success
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market as follows: Operational BNG Contract Area Roxi has a 58.41% interest in the BNG Contract Area, which is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the …