Cubility Appoints Kai Preben Sæveland as Chief Financial Officer
Kai Preben Sæveland To Join Leadership Team As Cubility Prepares for Further Growth Cubility AS, an industry leading provider of solids control solutions that improve efficiencies and HSE around drilling operations, today announced the appointment of Kai Preben Sæveland as the company’s Chief Financial Officer. Kai’s role will be to …
Urals Energy: Wins Appeal on $41.6m Debt Claim by UEN Cyprus
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces that it has received notification from the Moscow Court of Cassation (the 2nd level appeal court in Moscow) that the Company has won its case concerning Urals Energy’s appeal against the ruling of the …
Rosneft and PDVSA Signed a Second Long-Term Contract for Supplies of Oil and Oil Products
Rosneft Group and PDVSA signed a long-term contract for supplies of oil and oil products of Venezuelan production. The document envisages the supplies of over 1.6 mln t of oil and 9 mln t of oil products to the Rosneft Group within 5 years. Commenting on the signing Rosneft Head …
Pacific Energy Development Provides Update on Kazakhstan Asset and East Zhagabulak
PEDEVCO Corp. d/b/a Pacific Energy Development, an energy company engaged in the acquisition and development of strategic, high-growth energy projects, today provided an update on the Company’s pending acquisition of a 5% interest in Caspian Energy Inc. (“Caspian Energy”), a Canadian publicly-traded company which is in the process of acquiring …
Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 …
Ruspetro: Refinances $337.2m USD of Debt to Execute Next Phase of Horizontal Drilling
The Directors of Ruspetro announce the terms of Ruspetro’s proposed Restructuring. The principal components of the Restructuring comprise: The refinancing of approximately US$337.2 million of existing debt and the cancellation of the existing Put Option over the Company’s shares for £12.6 million (approximately US$20.2 million). This will be satisfied in …
Gazprom Neft: Third Oil Shipment from the Prirazlomnoye Field Delivered to Europe
The Mikhail Ulyanov tanker has delivered the third shipment of Arctic oil (ARCO) produced at the Prirazlomnoye field to consumers in northwestern Europe. Crude shipments from the field totalled approximately 200,000 tonnes in 2014. A fourth tanker is expected to be loaded with the new oil before the year-end. Prirazlomnoye …
Igor Sechin Held Talks With Rafael Ramirez
Rosneft Head Igor Sechin held negotiations with the Vice-president for political issues, Minister of Foreign Affairs of Venezuela Rafael Ramirez in Moscow. During the meeting a wide range of issues pertaining to current cooperation and Rosneft’s operations in Venezuela, as well as prospects for developing new projects were discussed. The …
Gazprom Neft Completes Drilling and Well Testing at the Dolginskoye Field
Dolginskoye field operator Gazpromneft-Sakhalin (a subsidiary of Gazprom Neft) completed testing of a well drilled at the Dolginskoye field, Pechora Sea, in summer 2014. The completion of geophysical and hydrodynamic testing will allow clarification of the underlying structure of the field and the development of a programme for its further …
Halliburton Seeking to Replace Baker Hughes Board after Merger Negotiations Stalled
Oilfield services provider Halliburton Co is seeking to replace the board of smaller peer Baker Hughes Inc, as merger talks between the companies stalled. Baker Hughes said late on Friday that it had rejected Halliburton’s initial proposal, which was made more than a month ago, in a deal that would …