Dragon Oil: No Intention to Make an Offer Statement Under Rule 2.8 of the Irish Takeover Rules in Respect of Petroceltic International plc
The Board of Dragon Oil plc announced on 6 October 2014 that it had noted the announcement by the Board of Petroceltic to the effect that it was in detailed discussions with Dragon Oil with respect to a possible offer for Petroceltic and confirmed that it was in detailed discussions …
Roxi Petroleum: Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its BNG asset and also to set out its corporate strategy for the medium term. BNG Background The BNG Contract Area is located in the …
New DNV GL Recommended Practice Will Provide Unified Safety Approach to Subsea Lifting
The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP). The recommended practice developed by DNV GL, the leading technical adviser to the oil & gas industry, provides guidance on the proper design and …
Weatherford to Sell its Engineered Chemistry and Drilling Fluids Businesses for $825 Million in Cash and Earnout
Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation (“Lubrizol”), a Berkshire Hathaway company, for the sale of the Company’s engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus …
Tethys Petroleum: Outlines Strategic Plan for 2015
Tethys Petroleum Limited is pleased to provide an update to our shareholders on the current operations, forward plans and the strategic focus of the Company over the next 12 months. Following the appointment of the new Executive Chairman, Mr. John Bell, and three new Non-Executive Directors of the Company, the …
Max Petroleum Plc: Conclusion of Formal Sale Process
Max Petroleum announces that, following the General Meeting held earlier today at which all the resolutions relating to the proposed £37.1 million Subscription by AGR Energy were duly passed, the review of strategic options and the formal sale process announced on 22 July 2014 has now been concluded and, as …
Gazprom Neft: Drills 1,500m Horizontal Well at the Novoportovskoye Field
Gazprom Neft has become the first oil operator in Russia to drill a well with a horizontal borehole of 1,500 metres. The well, on the Yamal Peninsula, reaches a total 4,200 metres in length. Some 91 percent of the horizontal section, moreover, is located in the oil-saturated bed of the Novoportovskoye formation, characterised by high permeability strata which yield high flow rates without the application …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …
Sistema: Financial Results and Reviews Post Bashneft Investment Strategy
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, today announces its unaudited consolidated US GAAP financial results for the third quarter ended September 30, 2014. BASHNEFT RELATED EVENTS On September 24, 2014, a civil claim was filed with the Arbitrazh (Commercial) Court of the City …
Lukoil: 9M Results – Income Up 7% yoy
LUKOIL has published consolidated US GAAP financial statements for the nine months of 2014. EBITDA1 (earnings before interest, taxation, depreciation and amortization) in the nine months of 2014 increased by 5.9% to $15,475 million. The Company’s net income in the nine months of 2014 amounted to $5,742 million. Sales revenues …