EDC First Quarter 2014 Results Update
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today announced its operational and financial update for the three months ending March 31, 2014. The financial data are based on management assessment only and have not been reviewed by external auditors. THREE MONTHS 2014 …
Petrogrand Extends the Acceptance Period in Cash Offer to Shelton’s Shareholders
Petrogrand AB announced on 21 March 2014 at 16:05 CET a public cash offer to the owners of shares, convertible bonds and warrants in Shelton Petroleum AB. In the press release issued on 4 April 2014, it was announced that the acceptance period for the Offer would be moved from …
Integra Group Reports 2013 Financial Results and 2013 Order Book Update
Integra Group, one of the leading independent providers of diversified oilfield services, released today its Audited Consolidated Financial Statements, prepared in accordance with IFRS, for the year ended December 31, 2013. 2013 Financial Highlights Sales decreased by 11.8% to US$ 549.6 million (vs. US$ 623.0 million in 2012) Adjusted EBITDA(1) …
Discovery of a new field within Uvat project
A new field within Zapadno-Gerasimovsky license block was discovered by Rosneft subsidiary Uvatneftegaz. On completion of prospecting well testing on Bolsheparfenovsky square recoverable oil totaled 3.0 million tons in the C1 and C2 categories. The field is planned to be called the Tavricheskoe. As for geological prospecting work in 2014 …
Rio de Janeiro Receives Tenaris’ Fifth R&D Center
The company invested US$ 39 million in the construction of its Research and Development Center in Brazil, located in UFRJ’s Technological Park. The entire investment plan underway in Brazil reaches US$ 370 million. In order to offer the highest technology, excellence and innovation to its Brazilian and global customers in the energy sector, …
FMC Technologies Awarded $322 Million Contract for Subsea Systems for BP’s Shah Deniz Stage 2 Project
FMC Technologies, Inc. announced today that it has received an order from BP to supply subsea systems for its Shah Deniz Stage 2 project in the Caspian Sea. The order has an estimated value of $322 million in revenue. FMC Technologies’ scope of supply includes subsea manifolds, associated controls and …
LukOil to sell stake in Caspian Investment
LukOil has agreed to sell its 50% stake in Caspian Investment Resources Ltd to China’s Sinopec for around $1.2bn, subject to adjustments at closing. Caspian Investment Resources, through a number of joint ventures, owns various stakes in four hydrocarbon-production projects in Kazakhstan. LukOil’s share in commercial hydrocarbon production as part …
Ruspetro: Licence Extension & Commencement of Drilling
Ruspetro plc, an independent oil and gas development and production company, with assets in the Western Siberia region of the Russian Federation is pleased to announce today that its Vostochno-Inginsky licence, which was due to expire in June 2014, has been extended by the Federal Subsoil Resources Management Agency of …
PetroNeft: Licence 61 Farmout Update
PetroNeft owner and operator of Licences 61 and 67, Tomsk Oblast, Russian Federation, announced an update on the negotiation of the farmout agreement for a 50% interest in Licence 61 (the “Licence 61 Farmout”). All legal documentation and due diligence is now complete and the Company expects to execute binding …
Shelton Petroleum Closes Public Offer to Shareholders of Petrogrand. Shelton Petroleum Holds Approximately 28.8% of Petrogrand
Shelton Petroleum AB (publ) (“Shelton”) announced on January 22, 2014 an offer to the shareholders of Petrogrand AB (publ) (“Petrogrand”) to acquire all outstanding shares in Petrogrand (the “Offer”). On February 26, 2014, Shelton announced an increase of the consideration offered from 0.30 to 0.34 Shelton B shares for each …