Gazprom and Wintershall Complete Asset Swap
As a result of the deal, Gazprom increased its share in European gas trading and storage companies WINGAS, WIEH and WIEE to 100 per cent as well as received a 50 per cent stake in WINZ involved in hydrocarbon exploration and production in the North Sea. In its turn, Wintershall …
EDC: Confirms Cancellation of EDC and Schlumberger Merger and Transactions Plus Financial Update
EURASIA DRILLING COMPANY LIMITED UPDATE ON MERGER Further to our press release of 25 September 2015 when we announced that Schlumberger had advised us that it would not be extending the Long Stop Date after 30 September 2015, we can now confirm that the long stop date has expired and …
CNPC: Looks at Kazakh Asset Purchase
China National Petroleum Company (CNPC) has shown interest to the project Eurasia on the territory of Kazakhstan, Energy First Vice Minister Uzakbai Karabalin said on September 29 in Astana. “CNPC has expressed interest to the project. It can become an important aspect of bilateral cooperation between Kazakhstan and China in …
GlobalData Analyst: US/EU Sanctions Could Lead to Restructuring of Russian Oil and Gas Industry
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 million barrels per day in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData. …
Alexander Medvedev: Gazprom To Look East
As part of the Sakhalin Oil & Gas 2015 International Conference, Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee delivered today in Yuzhno-Sakhalinsk a report entitled ‘Gazprom Group in Asia-Pacific Gas Markets’. It was noted that price adjustments in the gas markets caused by a drop in oil quotations …
Tethys Petroleum: Clive Oliver Appointed CFO as Denise Lay Steps Down
Tethys Petroleum Limited announces that following the closure of the Guernsey Office, Denise Lay’s employment with Tethys in her position as CFO has ended by reason of redundancy after six years with the Company. Denise was offered the chance to continue in her role as CFO based outside of Guernsey …
Zoltav Resources: Strengths Board Experience and Corporate Governance
Zoltav Resources (AIM: ZOL), the CIS-focused oil and gas exploration and production company, is pleased to announce the appointments, with immediate effect, of Alexander Gorodetsky and Andrey Immel as non-executive directors of the Company. Mr Gorodetsky joins the board as an independent non-executive director and brings to the Company a …
Petroneft Resources: 1H Results – Production Up Over 40%
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 is pleased to report its results for the 6 months ended 30 June 2015. Highlights – Current gross production from Licence 61 is about …
Gazprom and Georgia Discuss Co-Operation in Gas Sector
Brussels hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Kakhaber Kaladze, Minister of Energy and Natural Resources of Georgia. The parties addressed the issues of cooperation in the gas sector, particularly, Russian gas supply to Georgia as well as its transit to third …
Gazprom: Import Substitution Strategy
The Gazprom Board of Directors took notice of the information about the ongoing minimization of dependence on the foreign equipment supply. It was highlighted that the Company had been pursuing a comprehensive import substitution strategy for years. As a result, the share of home-produced equipment accounted for about 95 per …