Gazprom and CNPC Sign Power Of Siberia Agreements
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 …
Petrogrand and Shelton Petroleum: Complete Share Swap and Name Change to Petrosibir AB
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 Divest its Shares in LLC POLAR LIGHTS COMPANY
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 …
Yamal LNG: 9.9% Stake Sold to China’s Silk Road Fund for 730m Euros
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 …
Yamal LNG: 9.9% Stake Sold to China's Silk Road Fund for 730m Euros
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 …
SEIC: Awards Sakhalin-2 Third LNG Train to Shell and Giprogazcenter
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 …
GlobalData: Russian Oil Companies Looking to the Americas to Boost International Long-Term Positions
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 …
GlobalData: UK One of Most Pro-Fracking Countries in the EU
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 …
Rosneft Completed 2015 Offshore Geological Exploration Program
Rosneft has completed its 2015 geological exploration program at offshore licenses. Seismic surveys using 2D method covered 20,434 line km in waters of the Kara Sea, the Chukchi Sea, and the Laptev Sea. For the first time 2D seismic exploration was carried out with support of an integrated information system, …
Petrogrand: Sees Small 3% Production Uplift in November
The total production from the Komi oil fields Dinyu-Savinoborskoye, Sosnovskoye and Yuzhno-Tebukskoye in November 2015 amounted to 57,435 barrels of oil, corresponding to an average of 1,915 barrels of oil per day (a slight increase of 3 per cent compared to 1,852 barrels of oil per day in October 2015). …