2014

ABB, a global leader in power and automation technology, has secured a contract to supply electrical power and propulsion systems for the first of 16 Yamal LNG carriers. The contract, which includes options to equip 15 further vessels, is part of a project to transport LNG from the Yamal peninsula …

Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to announce the completion of the acquisition of Royal Atlantic Energy (Cyprus) Limited (“Royal Atlantic Energy”) (the “Acquisition”) and the admission at 8 a.m. today of its enlarged issued share capital to trading on the AIM market of …

Rosneft President, Chairman of the Management Board Igor Sechin held negotiations with Statoil CEO Helge Lund. The parties discussed joint projects on geological exploration on the Russian continental shelf in the Barents Sea and the Sea of Okhotsk, and projects on the development of Domanic deposits at the license blocks …

At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, NOVATEK, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel, drilling rig and marine equipment construction and design projects on the 16th of June. The …

RPI introduces an updated edition of the Oil and Gas Exports from the Caspian Region report published in English since 2005. The report draws upon the insights and experience RPI has gained over more than 20 years of research on the Caspian region’s petroleum industry. The study provides a detailed …

The Liebherr Group is publishing key data from its annual report for the 2013 business year. Against a backdrop of moderate international economic progress, Liebherr achieved a turnover of 8,963.6 million € in 2013. The world economy grew last year by only 3.0%. Whereas some fully developed national economies demonstrated a gain …

Igor Sechin, President and Chairman of the Management Board, Rosneft and Shuzo Kaihori, Chairman and Chief Executive Officer, Yokogawa Electric Corporation signed a Strategic Cooperation Agreement at the 21st World Petroleum Congress. Under this agreement, Rosneft will on a tender basis consider Yokogawa as a vendor of automated process control …

Weatherford International Ltd., announced today that its shareholders have approved changing its place of incorporation from Switzerland to Ireland at the Extraordinary General Meeting of Shareholders held in Zug, Switzerland.  As previously disclosed by the SIX Swiss Exchange, trading in the shares of Weatherford International Ltd. on the SIX Swiss Exchange will be suspended as from and …

Sercel has launched QuietSea™, its new passive acoustic monitoring (PAM) system designed to detect the presence of marine mammals during seismic operations. Totally different from other commercially available PAM systems, QuietSea is set to revolutionize PAM within the seismic industry. Unlike other separate antenna PAM systems, QuietSea is seamlessly integrated …

The conversion period for the convertible bond 2013/2014 has expired. Holders of the entire outstanding amount of SEK 12.9 million have requested conversion to shares of series B. After such conversion, Shelton Petroleum has no interest-bearing debt. On 14 May 2014 Shelton Petroleum announced a repurchase of SEK 9.5 million …