Rosneft: Cancels Northern Offshore’s Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Rosneft: Cancels Northern Offshore's Energy Endeavor Jackup Contract
Northern Offshore, Ltd. announced North Atlantic Drilling Company Ltd (NADL) has received a cancellation notice for use of the Northern Offshore’s jackup Energy Endeavor from Rosneft Oil Company as part of a multi-rig contract to provide drilling services in the Russian Arctic commencing in the 2015 summer drilling season. President and CEO Gary …
Petrogrand: To Drill 6 Wells at the Dinuy-Savinoborskoe and Sosnovskoe Fields
On Thursday 26 March 2015 detailed information about the acquisition of Ripiano Holdings Limited (“Ripiano”) will be presented at the Financial Hearings event at Operaterassen, Karl XII:s torg. The presentation is available in full on Petrogrand’s website www.petrogrand.se. 10 MUSD will be invested in 3 wells in the Dinuy-Savinoborskoe oil …
Bashneft: 2014 Results – Production Up 10.8%, Cash Flow Up 28.3%
Today, Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, has released its audited consolidated financial statements for the fourth quarter and the twelve months ended December 31, 2014 prepared in accordance with International Financial Reporting Standards (IFRS). ‘In 2014 the Company demonstrated remarkable operating performance once again and …
Gazprom: Restarts SPIMEX Gas Trading after Taxation Review
The Gazprom Board of Directors took notice of the information about the development of the exchange gas trading system. The Management Committee was tasked to proceed with this activity. It was pointed out that in 2014 well-coordinated gas trading was launched at the St. Petersburg International Mercantile Exchange (SPIMEX). This is an important step for the Russian gas market development. An increase in the volume of exchange …
Gazprom: Financial Strategy Securing Business Stability
The Gazprom Board of Directors took notice of the information about the Company’s financial strategy, including the funding of the capital investment program. It was pointed out that Gazprom’s continuous monitoring of the global market state ensured the full accordance of the Company’s financial strategy with the real-life situation. A major component of Gazprom’s strategy is shaping up a conservative budget capable of managing …
Gazprom Building Efficient Relationship With Investors and Shareholders
The Gazprom Board of Directors approved the Company’s relations with investors and shareholders. The Management Committee was tasked to further improve this area of activity. Gazprom constantly maintains open and constructive dialogue with members of the investment community and respects the rights and interests of shareholders. The Company submits detailed …
Bashneft: Fitch Rating At ‘BB’; off Rating Watch Negative; Outlook Stable
Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft‘s (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’ and removed the ratings from Rating Watch Negative (RWN). A Stable Outlook is assigned. A full list of rating actions is provided at the end of this commentary. …
Bashneft: Fitch Rating At 'BB'; off Rating Watch Negative; Outlook Stable
Fitch Ratings has affirmed Russia-based Joint Stock Oil Company Bashneft‘s (Bashneft) Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB’ and removed the ratings from Rating Watch Negative (RWN). A Stable Outlook is assigned. A full list of rating actions is provided at the end of this commentary. …
Salym Petroleum Development: West Salym and Vadelyp Fields Could Be Connected
Salym Petroleum Development N.V. (SPD) has successfully drilled an exploration well at the interface between West Salym and Vadelyp fields. The well suggests that both fields could be connected, resulting in a significant increase in expected hydrocarbon reserves. ‘Successful exploration drilling is a result of meticulous work performed by our …