Petrogrand and Shelton Petroleum: Finally Combine on Russian Assets Only
Petrogrand AB and Shelton Petroleum AB have entered into an agreement (i) to form a new combined and enlarged oil group with exclusively Russian oil assets and (ii) to dissolve the cross-ownership between the two companies. Shelton Petroleum’s and Petrogrand’s operations in Bashkiria and Komi regions respectively, both located in …
Tethys Petroleum: Pope Asset Management Declines and Blocks Nostrum Offer
Tethys Petroleum Limited announces that Nostrum Oil & Gas PLC (“Nostrum”) has withdrawn its proposed offer that was previously announced on September 23, 2015 (“Proposed Offer”) to acquire the entire issued share capital of Tethys together with a proposed US$20 million interim funding transaction (the “Interim Funding” and, together with …
Tethys Petroleum: Olisol Investment Submits Proposal But Needs to Wait for Nostrum’s Period of Exclusivity
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms …
Tethys Petroleum: Olisol Investment Submits Proposal But Needs to Wait for Nostrum's Period of Exclusivity
Tethys Petroleum Limited acknowledges the public announcement by Olisol Investment Group on October 2, 2015 regarding a non-binding proposal submitted to the Company. As announced on September 23, 2015, Tethys is currently in a period of exclusivity with Nostrum Oil & Gas PLC (“Nostrum”) and continues to negotiate the terms …
Urals Energy: Petraco Loan Settled Plus Petrosakh Well 54 on Further Test
Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to provide the following updates. Petraco Loan Further to the Company’s announcements on 29 May 2015 and 1 September 2015, the Company confirms that the loan provided by Petraco Oil Company Limited including accrued interest …
Shell: Continues Yuzhno-Kirinskoye Talks With Gazprom
Energy major Shell is in talks to join Russia’s state-controlled Gazprom in tapping the Yuzhno-Kirinskoye gas field offshore Russia’s Sakhalin island in the Pacific, the head of Shell’s operations in the country said on Wednesday. “There are many things we talk about with Gazprom. And, of course, we talk about …
Platts Report: China Oil Demand Grows 10% Year over Year in August
China’s apparent oil demand* rose 10.2% in August from a year earlier to 11.19 million barrels per day (b/d), according to a just-released Platts analysis of Chinese government data. Barring gasoil and naphtha, China’s apparent demand for all other key products—gasoline, liquefied petroleum gas (LPG), jet/kerosene, and fuel oil—saw double …
Gazprom and Wintershall Complete Asset Swap
As a result of the deal, Gazprom increased its share in European gas trading and storage companies WINGAS, WIEH and WIEE to 100 per cent as well as received a 50 per cent stake in WINZ involved in hydrocarbon exploration and production in the North Sea. In its turn, Wintershall …
EDC: Confirms Cancellation of EDC and Schlumberger Merger and Transactions Plus Financial Update
EURASIA DRILLING COMPANY LIMITED UPDATE ON MERGER Further to our press release of 25 September 2015 when we announced that Schlumberger had advised us that it would not be extending the Long Stop Date after 30 September 2015, we can now confirm that the long stop date has expired and …
CNPC: Looks at Kazakh Asset Purchase
China National Petroleum Company (CNPC) has shown interest to the project Eurasia on the territory of Kazakhstan, Energy First Vice Minister Uzakbai Karabalin said on September 29 in Astana. “CNPC has expressed interest to the project. It can become an important aspect of bilateral cooperation between Kazakhstan and China in …