KazRosGas and KPO Sign Karachaganak Gas Supply Agreement
Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Renato Maroli, Director General of Karachaganak Petroleum Operating (KPO) signed an agreement between KazRosGas and KPO in Astana. The document extends till 2038 the long-term sales and purchase contract for nearly 9 billion cubic meters of gas annually from the …
Rosneft Holds Annual General Meeting of Shareholders
On June 17, 2015 Annual General Meeting of Rosneft shareholders was held in St. Petersburg. Holders of 89.7% of the Company’s shares took part in the meeting. The Meeting approved the Annual Report, Annual Financial Statements, Profit Distribution of Rosneft for 2014. The decision was taken to distribute 87 billion …
Slavneft: Yuri Sukhanov Stepping Down as President
Yuri Sukhanov, who has managed OAO NGK Slavneft for more than 13 years, is stepping down from the post of the Company’s President. In accordance with the effective corporate procedures, at the meeting held on June 15, 2015, the Staff and Remunerations Committee (advisory committee of the Company’s Board of …
Kara-Winter-2015 Has Become The Largest Arctic Expedition In The World In Recent 20 Years
Kara-Winter-2015, scientific-exploratory expedition, organized by Rosneft with the support of the Arctic Research and Design Center and FSBI Arctic and Antarctic research institute is successfully completed. It has become the largest arctic expedition in the world in recent 20 years by the scope and the structure of works. Explorations lasted …
ENOC: Offers 750 Pence Per Share for Dragon Oil
Summary · The board of ENOC and the independent committee of the board of Dragon Oil (the “Independent Committee”) are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Dragon Oil not …
Roxi Petroleum: Receives $6.9m As Part of Galaz Sale
Further to the announcement of 1 June 2015 extending the completion date of the sale of the Company’s equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co, a Chinese publicly traded conglomerate, (the “Galaz Disposal”), Roxi, announces that it has …
Tethys Petroleum: Extends AGR Energy’s Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”). On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate …
Tethys Petroleum: Extends AGR Energy's Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”). On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate …
LukOIL: Q1 Results – Net Income Down 60%, Lifting Costs Down 19%
LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2015. The Company’s net income in the first quarter of 2015 amounted to $690 million, which is a 60.2% y-o-y decrease. EBITDA (earnings before interest, taxation, depreciation and amortization) in the first quarter of 2015 decreased by …
Igor Sechin Tooks Part in Russian-Italian Top-level Talks
Rosneft Chairman of the Managing Board took part on June, 10th in Russian-Italian top-level talks in Milan, during which the President of Russia Vladimir Putin and the Prime minister of Italy Matteo Renzi discussed key issues of the economical cooperation between two countries. Rosneft partnership with Italian companies is a …