Oil & Gas Operators

Rosneft, Oil India Limited and Indian Oil Corporation Limited signed a Memorandum of Understanding for cooperation for geologic survey, exploration and production of hydrocarbons onshore for Taas-Yuryakh Neftegazodobycha. The document was signed in the presence of the President of Russia Vladimir Putin and the Prime Minister of India Narendra Modi …

U.S. oil and natural gas producer ConocoPhillips sold its stake in a joint venture with Russian state oil company Rosneft, exiting the country after more than 25 years, the Financial Times reported. The exit from Russia comes about five years after ConocoPhillips sold its biggest sole asset in Russia, a stake …

Alexey Miller, Chairman of the Gazprom Management Committee and Wang Yilin, Chairman of the Board of Directors of CNPC signed today in Beijing an Agreement to design and construct the cross-border section of the Power of Siberia gas pipeline, including its submerged crossing under the Amur River. Besides, a Memorandum of Understanding in the oil sector was entered into by Gazprom Neft and CNPC. The …

The transaction with Shelton Petroleum AB (publ) is proceeding according to the previously published plan and renaming to Petrosibir AB. Petrogrand has subsrcibed for 17,500,000 newly issued B-Shares in Shelton Petroleum AB (publ). Petrogrand owns now about 61 percent of shares and approximately 52 percent of the votes in Shelton …

Rosneft announces the closing of the transaction for the divestment of 50% shares of LLC POLAR LIGHTS COMPANY. The deal was implemented on favorable terms for the Company and fully complies with Rosneft strategy aimed at the optimization of the assets’ portfolio. In accordance with the confidentiality agreement the parties …

OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9%  equity stake in …

OAO NOVATEK announced today the signing of binding definitive agreements as part of a transaction for selling an equity stake in the Yamal LNG project to China’s Silk Road Fund (“SRF”). In particular, the parties signed a share purchase and sale agreement in relation to a 9.9%  equity stake in …

Sakhalin Energy Investment Company Ltd. announces that it has awarded its design development contracts for Sakhalin-2 LNG Train 3. According to the contracts signed, Shell Global Solutions International and Giprogazcenter, a Russian design institute, are entrusted with the development of Sakhalin-2 LNG Train 3 design package. All the works will …

Key Russian oil companies have refocused on strengthening their international positions through the acquisition of exploration and production assets in geographies outside Russia, with countries in the Americas providing a number of potential partnerships in the long term, according to analysts with research and consulting firm GlobalData. – Following sanctions …

The UK’s recent decision to implement a new policy giving the government final say over the outcome of planning applications and appeals for shale gas exploration and development further distinguishes it from other European countries, according to an analyst with research and consulting firm GlobalData. Any hopes for developing large-scale …