Rosneft Oil Company has Successfully Closed the Transaction of Selling 15% Shares in Vankorneft JSC to ONGC Videsh Limited
Rosneft Oill Company and ONGC Videsh Limited have closed the transaction of selling 15% shares in Vankorneft JSC to an Indian company. This transaction shows that the project portfolio of Rosneft Oil Company can be re-evaluated more than twice. Base price of the transaction is USD 1.27 billion (about 83 …
Rosneft Delegation Participated in the Work of Russian-Chinese Commission for Energy Cooperation
Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …
Rosneft Delegation Participated in the Work of Russian-Chinese Commission for Energy Co-operation
Rosneft delegation participated in the thirteen session of the inter government Russian-Chinese commission for energy cooperation. Rosneft is the leader in the Moscow-Beijing energy dialog, Company projects with Chinese partners are the key elements of the economic cooperation between the two countries. Actual joint cooperation aspects were discussed at the …
Gazprom: Discusses Gas Issues with CNOOC and CNPC
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wang Yilin, Chairman of the Board of Directors of CNPC, took place in Sochi today. The parties discussed relevant cooperation issues, placing an emphasis on planned gas supplies to China via the eastern and western routes, as well as the prospects of collaboration in the field of underground gas storage, gas-fired power generation, and natural …
Tengizchevroil: Looking For $37bn of Finance for Planed Tengiz Extension
Tengizchevroil, a Chevron-led joint venture and Kazakhstan’s No.1 oil producer, may take out loans and issue bonds to finance its $37 billion plan to expand production, an official at state oil firm KazMunayGaz said on Thursday. KazMunayGaz also holds a stake in Tengizchevroil. “There are different scenarios, but we think …
Brent Oil Pushes Above $50 for the First Time in Nearly Seven Months
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Brent LCOc1 had climbed 38 cents to $50.12 a barrel by 0648 GMT, its highest since Nov. 4. …
SOCAR: Signs MOU with BP for Block D230 in the North Absheron Basin
SOCAR and BP signed a memorandum of understanding (MOU) to jointly explore potential prospects in block D230 in the North Absheron Basin in the Azerbaijan sector of the Caspian Sea. On this occasion, the companies made following announcement:As part of the government’s plan to ensure that all of Azerbaijan’s offshore …
LUKOIL: Looks To Mexico and the Amatitlán Block
President of PJSC “LUKOIL” Vagit Alekperov held a meeting with President of Mexico Enrique Peña Nieto, the country’s minister of finance, minister of energy and the CEO of the state oil company PEMEX. The parties discussed the implementation of a joint project, the Amatitlán Block which LUKOIL entered on the …
Urals Energy: Receives Short Term $6m Loan from Petraco Ahead of Anticipated Tanker Shipment
The Board of Urals Energy PCL, the independent exploration and production company with operations in Russia, is pleased to announce that it has entered into a pre-export short term loan finance arrangement with Petraco Oil Company Limited (“Petraco”) under which Petraco will advance the sum of US$6.0 million to the …
Russian Drilling Roundtable 2016: Video Launched!
The video from the 4th Russian Drilling Roundtable, RDCR.