Petrogrand: Shelton Petroleum Rebuffs Share Swap Offer
The Board of Petrogrand believes that the ongoing dispute between Petrogrand and Shelton Petroleum is negatively affecting both companies and their shareholders and the Board of Petrogrand is continues to work hard to find a settlement between the companies. In an attempt towards resolving the dispute, Petrogrand sent on May …
Roxi Petroleum Announces its Audited Final Results for the Year Ended 31 December 2013
Highlights for 2013 and to date in 2014: Operational *Successful shallow drilling campaign at BNG *Commencement of first deep well at BNG *Currently aggregate production across the portfolio 2900 bopd gross (1212 net to Roxi) Financial *US $40m equity commitment secured in January 2013 at 7.41p per share of which …
Surgutneftegas: Operating Results for Five Months of the Current Year
In January-May 2014, Surgutneftegas produced 25.359 million tonnes of crude oil. For the year to date, crude output in the Republic of Sakha (Yakutia) equaled 3.080 million tonnes, 5% up versus five months of the last year.In January-May 2014, overall gas production amounted to 3,935.3 million cubic meters. For the year to …
Volga Gas: For Sale – One Careful Owner
The Board of Volga Gas has been exploring strategic options for the business, including seeking potential offerors for the Company by means of a “formal sale process” pursuant to the City Code on Takeovers and Mergers (the “Code”) under which the Board of Volga Gas is able to have discussions with third …
Igor Sechin Delivered an Address at Arctic Development Roundtable Led by the Russian President
On June 5, Igor Sechin, President and Chairman of the Management Board, Rosneft took part in a session of a roundtable on efficient and safe development of the Arctic in St. Petersburg. The roundtable involves researchers and business community representatives and is led by Russian President Vladimir Putin. The session …
ERIELL Group Successfully Completed Drilling of Dour Wells in the Republic of Bangladesh Under the Contract with Gazprom International
ERIELL Group completed drilling of 4 directional wells of 3,532 — 3,880 meters in depth at Titas field in the Republic of Bangladesh under the contract with Gazprom International. The wells were constructed using the drilling rig ZJ-70 LDВ-450. Titas is not the only project of ERIELL in Bangladesh. Wells Shrikahil-3 (3,350m), Bekumgandzh (3,565m) and Semutang (3,032) have been drilled to date. In progress …
Yuganskneftegaz: Starts Two New Production Units
Rosneft subsidiary Yuganskneftegaz officially opened two new oil and gas production units at the Priobskoye field, oil and gas production unit–22 and oil and gas production unit–23. The creation of new production units in Yuganskneftegaz is caused by intensive commissioning of producing wells after drilling, construction of multiple well platforms …
Max Petroleum Confirm Appointment of Nominated Adviser
Max Petroleum plc (the “Company”), an oil and gas company focused on Kazakhstan, is pleased to announce the appointment of Oriel Securities Limited as Nominated Adviser with immediate effect. Oriel Securities will continue to act as the Company’s Joint Broker alongside Charles Stanley. Source
Shelton Petroleum AB Proposes a Share Swap to Dissolve the Cross- Ownership with Petrogrand
Shelton Petroleum presents a proposal to the shareholders of Shelton Petroleum and Petrogrand to dissolve the cross-ownership between the companies. The proposal is put forward for resolution on general meetings in both companies in the end of June. The disputes and the strained relationship between the companies affect the companies …
Roxi Petroleum: BNG Horizon Could Expand
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with operational progress at its Galaz and BNG assets. Galaz Roxi is pleased to announce that Well NK-31 has been spudded and is to be drilled to a total depth of …