Rosneft: Pobeda Has Recoverable Reserves of 130 mln tons of Oil and 499 bcm of Gas
State commission on reserves confirmed the fact of discovery of the new arctic oil and gas field Pobeda on the Kara sea shelf. The field was discovered as the result of the drilling of the northernmost well in the world – the Universitetskaya-1 well. The expert commission accepted the fact …
Max Petroleum: Interim Results – Production Up 17% Cash From Ops Up 187%
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2014. HIGHLIGHTS Six months ended 30 September 2014 Six months ended 30 September 2013 % Change Production (bopd) 4,239 3,630 17% Revenue (US$ …
Rosneft: Holds Public Hearings on the Studies of the East-Sibirsky-1 License
Rosneft presented a program of comprehensive geophysical studies on the East-Sibirsky-1 licensed block in the water area of the East-Siberian Sea in the course of public hearings held in Anadyr. During the event, the implementation of the works, measures on environmental protection during exploration as well as equipment and technologies …
South Stream: Alexey Miller – “The Project is over.”
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …
South Stream: Alexey Miller – "The Project is over."
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …
Dragon Oil: No Intention to Make an Offer Statement Under Rule 2.8 of the Irish Takeover Rules in Respect of Petroceltic International plc
The Board of Dragon Oil plc announced on 6 October 2014 that it had noted the announcement by the Board of Petroceltic to the effect that it was in detailed discussions with Dragon Oil with respect to a possible offer for Petroceltic and confirmed that it was in detailed discussions …
Roxi Petroleum: Operational Update
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its BNG asset and also to set out its corporate strategy for the medium term. BNG Background The BNG Contract Area is located in the …
Weatherford to Sell its Engineered Chemistry and Drilling Fluids Businesses for $825 Million in Cash and Earnout
Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation (“Lubrizol”), a Berkshire Hathaway company, for the sale of the Company’s engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus …
Tethys Petroleum: Outlines Strategic Plan for 2015
Tethys Petroleum Limited is pleased to provide an update to our shareholders on the current operations, forward plans and the strategic focus of the Company over the next 12 months. Following the appointment of the new Executive Chairman, Mr. John Bell, and three new Non-Executive Directors of the Company, the …
Max Petroleum Plc: Conclusion of Formal Sale Process
Max Petroleum announces that, following the General Meeting held earlier today at which all the resolutions relating to the proposed £37.1 million Subscription by AGR Energy were duly passed, the review of strategic options and the formal sale process announced on 22 July 2014 has now been concluded and, as …