BP: Purchases 20% of Taas-Yuryakh Neftegazodobycha LLC from Rosneft
Rosneft and BP announce the completion of the transaction to sell a 20 per cent share of Taas-Yuryakh Neftegazodobycha LLC to the British company. The joint venture between Rosneft and BP based on Taas-Yuryakh Neftegazodobycha LLC will continue further development of the Srednebotuobinskoye oil and gas condensate field which is …
Petrogrand and Shelton Petroleum: Transaction Time Plan Announced
Further to the shareholder approval of the agreement between Petrogrand and Shelton Petroleum, Petrogrand announces an indicative time plan for the completion of the transaction. As previously announced, extraordinary shareholders’ meetings in both Petrogrand and Shelton Petroleum on 9 November 2015 approved an agreement between the two companies. As part …
Severneftegazprom: Vladimir Dmitruk Appointed as Director General
On November 20, 2015 the Severneftegazprom Board of Directors made a decision to appoint Vladimir Dmitruk as the company’s Director General starting from November 23, 2015. Vladimir Dmitruk was born on April 15, 1970 in Kaliningrad. He graduated from Gubkin Russian State University of Oil and Gas and Tyumen State …
Petrogrand: 9m Results – No Operating Income in the 3rd Quarter
Third quarter of 2015 • Oil production in Ripiano attributed to Petrogrand increased in the third quarter by 14% to 84 274 barrels of oil or an average of 916 bopd compared to the previous quarter • During the third quarter, the Group had no operating income (-). The operating …
Gazprom: Import Substitution Efforts Boost Russian Companies
The Gazprom Board of Directors took notice of the information about Gazprom Group’s procurement activity in the new business environment as well as about the import restricting measures. Gazprom has been facilitating the domestic industry development for a long time by giving priority to domestic goods. The import substitution activity …
Gazprom: Working meetings with CNPC and PetroChina held
Beijing hosted today working meetings among Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Wang Dongjin, Vice President of CNPC and Huang Weihe, Vice President of PetroChina. The parties addressed the progress with the project for constructing the Power of Siberia gas pipeline to supply Russian natural gas to …
Rosneft: 9M Results – 16% Increase in Revenue with Improved Credit Profile
Commenting the results for 9M 2015, I.I. Sechin, Chairman of Rosneft Management Board, said: “Despite of challenging economic environment, the Company keeps improving its efficiency. This is demonstrated by keeping operating costs in rouble terms at sustainable level in conditions of 12.0% increase in industry prices. Preserving the cost base …
Tethys Petroleum: AGR Energy Calls in $7.5m Debenture
Tethys Petroleum Limited announces that it has received an Accelerated Repayment Notice from AGR Energy Limited No 1 (“AGR Energy”) in relation to the unsecured convertible debenture issued by Tethys to AGR Energy on 15 May 2015 (“Convertible Debenture”) notifying the Company of events of default and demanding repayment of …
Yamal LNG: Issues $1.16bn from the National Welfare Fund of Russia
OAO Yamal LNG (“Yamal LNG”) announced the issuance of 15-year bonds for the total amount of RR 75 billion (USD 1.16 billion). The bonds are nominated in US dollars with the interest rate linked to LIBOR. The bonds were issued as part of withdrawal of the second tranche of the …
Tethys Petroleum: Extends Olisol Exclusivity Period
Tethys Petroleum Limited announces that is has agreed to extend the previously agreed exclusivity period with Olisol Investments Limited (“Olisol”) by 14 days to 11:59 p.m. Calgary time on December 7, 2015 (as extended, the “Exclusivity Period”). On November 9, 2015 Tethys and Olisol signed a Letter of Intent (“LOI”) …