Ruspetro: Refinances $337.2m USD of Debt to Execute Next Phase of Horizontal Drilling
The Directors of Ruspetro announce the terms of Ruspetro’s proposed Restructuring. The principal components of the Restructuring comprise: The refinancing of approximately US$337.2 million of existing debt and the cancellation of the existing Put Option over the Company’s shares for £12.6 million (approximately US$20.2 million). This will be satisfied in …
Gazprom Neft: Third Oil Shipment from the Prirazlomnoye Field Delivered to Europe
The Mikhail Ulyanov tanker has delivered the third shipment of Arctic oil (ARCO) produced at the Prirazlomnoye field to consumers in northwestern Europe. Crude shipments from the field totalled approximately 200,000 tonnes in 2014. A fourth tanker is expected to be loaded with the new oil before the year-end. Prirazlomnoye …
Igor Sechin Held Talks With Rafael Ramirez
Rosneft Head Igor Sechin held negotiations with the Vice-president for political issues, Minister of Foreign Affairs of Venezuela Rafael Ramirez in Moscow. During the meeting a wide range of issues pertaining to current cooperation and Rosneft’s operations in Venezuela, as well as prospects for developing new projects were discussed. The …
Gazprom Neft Completes Drilling and Well Testing at the Dolginskoye Field
Dolginskoye field operator Gazpromneft-Sakhalin (a subsidiary of Gazprom Neft) completed testing of a well drilled at the Dolginskoye field, Pechora Sea, in summer 2014. The completion of geophysical and hydrodynamic testing will allow clarification of the underlying structure of the field and the development of a programme for its further …
Halliburton Seeking to Replace Baker Hughes Board after Merger Negotiations Stalled
Oilfield services provider Halliburton Co is seeking to replace the board of smaller peer Baker Hughes Inc, as merger talks between the companies stalled. Baker Hughes said late on Friday that it had rejected Halliburton’s initial proposal, which was made more than a month ago, in a deal that would …
Baker Hughes In Preliminary Business Combination Transaction with Halliburton
Baker Hughes Incorporated confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction. These discussions may or may not lead to any transaction. Baker Hughes does not intend to comment further on market speculation or disclose any developments unless and until it otherwise …
Zoltav Resources: Appoints Andrey Komarov and Yulia Lebedina As Non-Executive Directors
Zoltav, the CIS-focused oil and gas exploration and production company, is pleased to announce the appointments, effective immediately, of Andrey Komarov and Yulia Lebedina, both as non-executive directors of the Company. Mr Komarov is a very experienced Russian oil and gas professional having held senior managerial positions with a number …
Sistema: Not To Challenge Court Order on Return of Bashneft Shares to the State, Will Pursue Claims Against Original Sellers
Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS, announces that Sistema’s Board of Directors has carefully considered and decided not to appeal the decision of the Arbitrazh (Commercial) Court of the City of Moscow dated November 7th , 2014, which ruled that shares of JSOC …
Volga Gas: Stuck Drill Pipe Suspending Ops at the Vostochny Makarovskoye Field
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, provides the following updates. Drilling operations on VM Well #3 As announced with the Interim Results on 15 September 2014 drilling operations on the VM #3 well on the Vostochny Makarovskoye (“VM”) …
Condor Petroleum: Q3 Results – Production Down due to Limitations in the Production Period, Force Majeure due to Weather at Zharkamys
Condor Petroleum Inc. is pleased to announce the release of its Unaudited Interim Consolidated Financial Statements for the three and nine months ended September 30, 2014, together with the related Management’s Discussion and Analysis. These documents will be made available under Condor’s profile on SEDAR at www.sedar.com and on the Condor …