Eurasia Drilling Company: Continues GDR Buy Back Program
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on September 19 and September 22, 2014 a subsidiary of the Company purchased 50,500 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 25.91 per GDR. One GDR …
Siemens to Buy Dresser Rand for $7.6bn
Siemens executes on its Vision 2020 with a decisive move to strengthen its core. The company has entered into an agreement with Dresser-Rand, which is listed on the New York Stock Exchange, to acquire all of the issued and outstanding common shares of Dresser-Rand by way of a friendly takeover …
Rosneft and Sibur Signed an Agreement of Cooperation in the Sphere of Oil Products Supply
Rosneft and SIBUR signed a long-term agreement of cooperation in the sphere of development, testing and industrial introduction of lubricating materials and oil products. Under the agreement the parties will evaluate the demand of lubricating materials and oil products of the production facilities of the petrochemical holding. Moreover the companies …
Traditional Young Employees Scientific and Practical Conference Was Held at Tatneft
The 14-th Scientific and Practical Conference of JSC TATNEFT’s young employees was held at the Company, which brought together more than 300 delegates from the structural divisions and subsidiaries of JSC TATNEFT, management companies, educational institutions of the Republic of Tatarstan and energy companies of the Russian Federation. Currently there …
Gazprom neft: Second Tanker of Oil From the Novoportovskoye Field Delivered to Europe
The second tanker of oil produced at the Novoportovskoye field at the Yamal peninsula (in the Yamalo-Nenets Autonomous District), was shipped to consumers in September. The batch of 27.2 thousand tonnes was shipped to north west Europe in the last delivery on the 17th September. The new type of oil, …
ExxonMobil: Confirms “Wind Down” Universitetskaya Exploration Well
ExxonMobil is complying with all U.S. sanctions. The U.S. Treasury Department, recognizing the complexity of the Universitetskaya-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S. contractors and persons involved to enable the safe and responsible winding down of operations related to …
Rosneft and ExxonMobil Pause Kara Sea Drilling Due to Sanctions
Exxon and Rosneft oil companies have stopped oil development on the Arctic shelf, Bloomberg reported. Representatives of the Rosneft company have made no comment on Bloomberg’s report. According to Bloomberg, oil development was stopped in connection with the sanctions that the EU has imposed on Rosneft and other Russian companies, …
Weatherford Awarded Statoil Tubular Running Services Contract
Weatherford International plc announced today it has been awarded an exclusive contract with Statoil Petroleum AS valued at $400 million for the delivery of Tubular Running Services on 19 drilling units in Statoil’s portfolio. This contract has a base period of six years with the option of two consecutive two-year …
Dolphin Geophysical: Receives Kara Sea Arctic Seismic Clearance Despite Sanctions
Dolphin has received confirmation from the Export Control Division of the Norwegian Foreign Department that the recently announced contract in the Kara Sea is not subject to the current trade restrictive measures against Russia. Atle Jacobsen, Dolphin CEO, quoted; “Dolphin is extremely appreciative of the prompt reply and clear guidance …
Lukoil Evaluating JV with Total on Unconventional Fields in Light of Sanctions
The chief executive of Russia’s top non-state oil company Lukoil said on Friday his firm was evaluating the implications of Western sanctions on its joint venture with France’s Total. The United States has imposed sanctions on leading Russian energy companies including Gazprom, Rosneft and Lukoil, preventing U.S. firms from supporting …