Rosneft Started Geological Exploration in the Barents and Pechora Sea
Rosneft has started field works at five license blocks of the Barents and Pechora Seas: West Prinovozemelsky, located in the North-Eastern part of the Barents sea near the Novaya Zemlya archipelago, Perseevsky, located in the North-Western part of the Barents sea, and at the South Russky, South Prinovozemelsky and West …
Gazprom Neft Begins Exploratory Drilling at the Dolginskoye Field in the Arctic
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea. The work is being carried out during the ice-free months of 2014 and will involve drilling a single well to a depth of 3,500m and conducting a full range of geological investigations. The experience gained from previous work on the …
The Liebherr Group’s New Web Presence
• Relaunch as international umbrella brand portal on 30.6.2014 • Significantly more detailed information about the Group • Interactive control elements and innovative web technology • Quick access to information irrespective of the user’s end device The Liebherr Group has fundamentally upgraded its web presence. The incremental relaunch of the liebherr.com site as an …
Roxi Petroleum: AGM Statement
BNG Roxi has a 58.41% interest in the BNG Contract Area Deep well – Airshagyl 5 Drilling has resumed and by Friday, 27 June 2014 reached a depth of 4,236 meters. The well’s principal target is the Carboniferous formation at 4,390 meters with a subsidiary target in the Permian …
Change in number of shares and votes in Shelton Petroleum
In June 2014 the number of shares of series B in Shelton Petroleum AB changed. 806,875 shares of series B were issued in relation to the conversion of all of the outstanding SEK 12,910,000 convertible bond 2013/2014. Following the issue of shares, the total number of shares of series B …
Repsol Makes Russia’s Largest Hydrocarbons Discovery in Two Years
Repsol has made two new hydrocarbon discoveries in the Karabashsky 1 and 2 blocks in Western Siberia in Russia. According to the Ministry of Natural Resources and Environment of the Russian Federation’s calculations, these finds could add 240 million barrels of oil equivalent in recoverable resources for Repsol. According to …
Shelton Petroleum and Petrogrand want to dissolve the cross-ownership
Shelton Petroleum and Petrogrand have today entered into an agreement that will facilitate for the companies to negotiate a breakup of the cross-ownership, which in turn will enable the companies to focus on the development of their operations and license portfolios. In accordance with the agreement, the parties will not …
Rosneft and BP Signed a Long-Term Contract for the Delivery of Oil Products on a Pre-Paid Basis
Rosneft and BP Oil International Limited signed a set of agreements designed to organize long-term deliveries of oil products and oil on a pre-paid basis. The terms of transaction provide for export deliveries of oil products with possible substitution with oil of up to 12 million tons within 5 years …
Lukoil Joins Shelf Project In Cameroon
LUKOIL has acquired a 37.5-percent interest from the British company Bowleven Plc in the development project of the Etinde site at Cameroon’s shelf as part of a production-sharing agreement (PSA). The transaction will be completed upon approval on the part of Bowleven Plc’s shareholders and the government of Cameroon. The Etinde site …
Annual General Meeting of Obneftegazgeologia’s Shareholders
The Annual General Meeting of Open Joint-Stock Company Obneftegazgeologia’s (hereinafter referred to as OAO ONGG) Shareholders was held on June 25, 2014. The Subsidiary’s 2013 Annual Report and Financial Statements, including the Profit and Loss Statement, were approved at the Meeting. The shareholders didn’t pass the resolution about payment of …