Turkmenistan: Forms National Oil Company – Turkmen National Oil and Gas Company, NAPECCO
President of Turkmenistan Gurbanguly Berdimuhamadov signed a decree, according to which it is planned to form a closed joint stock company “Türkmen Milli nebitgaz kompaniýasy” (“Turkmen National Oil and Gas Company” – NAPECCO “). According to the document, this decision serves the purpose of successful implementation of the task of …
Statoil: Signs Subsea Agreements with Aker Solutions and OneSubsea
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also …
Condor Petroleum: Acquires Marsa Energy
Condor Petroleum Inc. and Marsa Energy Inc. are pleased to announce that they have entered into an agreement (the Arrangement Agreement) that provides for the acquisition of Marsa by Condor, to create a well-capitalized company with significant exploration and development assets. The acquisition will be effected by way of a …
Rosneft: ONCG Videsh Takes 15% of Vankorneft
Rosneft and ONGC Videsh Limited signed an Agreement of Confirmation of successful completion of the first stage pre-completion actions in relation to the creation of a joint venture in JSC “Vankorneft”. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of …
Rosneft, Oil India and Indian Oil Corporation Signed a MoU For Taas-Yuryakh Neftegazodobycha
Rosneft, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for geologic survey, exploration and production of hydrocarbons onshore for Taas-Yuryakh Neftegazodobycha. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of India Narendra Modi …
ConocoPhillips Exits Russia
U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake …
Gazprom and CNPC Sign Power Of Siberia Agreements
Alexey Miller, Chairman of the Gazprom Management Committee and Wang Yilin, Chairman of the Board of Directors of CNPC signed today in Beijing an Agreement to design and construct the cross-border section of the Power of Siberia gas pipeline, including its submerged crossing under the Amur River. Besides, a Memorandum of Understanding in the oil sector was entered into by Gazprom Neft and CNPC. The …
Petrogrand and Shelton Petroleum: Complete Share Swap and Name Change to Petrosibir AB
The transaction with Shelton Petroleum AB (publ) is proceeding according to the previously published plan and renaming to Petrosibir AB. Petrogrand has subsrcibed for 17,500,000 newly issued B-Shares in Shelton Petroleum AB (publ). Petrogrand owns now about 61 percent of shares and approximately 52 percent of the votes in Shelton …
Rosneft Divest its Shares in LLC POLAR LIGHTS COMPANY
Rosneft announces the closing of the transaction for the divestment of 50% shares of LLC POLAR LIGHTS COMPANY. The deal was implemented on favorable terms for the Company and fully complies with Rosneft strategy aimed at the optimization of the assets’ portfolio. In accordance with the confidentiality agreement the parties …
Yamal LNG: 9.9% Stake Sold to China’s Silk Road Fund for 730m Euros
OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9% equity stake in …