Technip: Looks to Takeover CGG
Following information released in the press, Technip announces that, on Monday, November 10, 2014, it approached CGG to create a first tier oil and gas services provider. The proposed transaction would take the form of a public tender offer in cash for CGG’s shares at a price of 8.30 euros …
SOCAR: New Well Commissioned on the Gunashli Field
SOCAR has commissioned the well #33 from the platform #13 on Gunashli field in the Azerbaijani sector of the Caspian Sea. It was drilled to the Girmaki Suite by SOCAR AQS JV. Daily production rate of the well makes 45 tons of oil and 158000 cubic meters of gas from …
ExxonMobil: Looking for New Assignment for West Alpha, NADL, Rig?
Sanctions are forcing Exxon Mobil Corp.to look for alternative assignments for an offshore rig supposed to sail back to the Russian Arctic next summer. West Alpha, the rig owned by billionaire John Fredriksen’s North Atlantic Drilling Ltd. (NADL) that made a billion-barrel oil discovery for Exxon and OAO Rosneft in …
Rosneft: Completes 2014 Geological Survey Program – 24 License Areas Shot
Rosneft reports on 100% completion of the geological survey program on Company’s offshore license areas for 2014. In the current year geological survey covered 24 license areas with the scope considerably exceeding license obligations. Seismic performance results included 31,503 line km of 2D seismic, and 12,939 sq. km of 3D …
Exillon Energy: Produces 17,630 bbl/day in October
Exillon Energy plc , a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora (“Exillon TP”) and West Siberia (“Exillon WS”), is pleased to announce unaudited production data for the month of October 2014 (“the Period”). · Our average daily production[1] was 17,630 bbl/day during …
UNEPCOM endorsed initiative of Rosneft and Russian Geographical Society
The Russian National Committee for UNEP (UNEPCOM) endorsed the initiative of Rosneft and the Russian Geographical Society to elaborate interdisciplinary scientific program for comprehensive Arctic research. This program will help to set out the principles of special economic activity regulations in the region, including clear ecological rules of shelf development. …
Urals Energy: Wins Appeal on $41.6m Debt Claim by UEN Cyprus
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces that it has received notification from the Moscow Court of Cassation (the 2nd level appeal court in Moscow) that the Company has won its case concerning Urals Energy’s appeal against the ruling of the …
Rosneft and PDVSA Signed a Second Long-Term Contract for Supplies of Oil and Oil Products
Rosneft Group and PDVSA signed a long-term contract for supplies of oil and oil products of Venezuelan production. The document envisages the supplies of over 1.6 mln t of oil and 9 mln t of oil products to the Rosneft Group within 5 years. Commenting on the signing Rosneft Head …
Pacific Energy Development Provides Update on Kazakhstan Asset and East Zhagabulak
PEDEVCO Corp. d/b/a Pacific Energy Development, an energy company engaged in the acquisition and development of strategic, high-growth energy projects, today provided an update on the Company’s pending acquisition of a 5% interest in Caspian Energy Inc. (“Caspian Energy”), a Canadian publicly-traded company which is in the process of acquiring …
Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 …