ENOC: Offers 750 Pence Per Share for Dragon Oil
Summary · The board of ENOC and the independent committee of the board of Dragon Oil (the “Independent Committee”) are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Dragon Oil not …
Roxi Petroleum: Receives $6.9m As Part of Galaz Sale
Further to the announcement of 1 June 2015 extending the completion date of the sale of the Company’s equity and debt interests in the Galaz Contract Area to a consortium led by Xinjiang Zhundong Petroleum Technology Co, a Chinese publicly traded conglomerate, (the “Galaz Disposal”), Roxi, announces that it has …
Tethys Petroleum: Extends AGR Energy’s Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”). On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate …
Tethys Petroleum: Extends AGR Energy's Exclusivity Period
Tethys Petroleum Limited is pleased to announce that it has agreed to enter into a short extension to the exclusivity period with AGR Energy Limited No. 1 (“AGR Energy”). On May 14th, 2015 Tethys announced that it had entered into a limited period of exclusivity with AGR Energy to negotiate …
LukOIL: Q1 Results – Net Income Down 60%, Lifting Costs Down 19%
LUKOIL has published consolidated US GAAP financial statements for the first quarter of 2015. The Company’s net income in the first quarter of 2015 amounted to $690 million, which is a 60.2% y-o-y decrease. EBITDA (earnings before interest, taxation, depreciation and amortization) in the first quarter of 2015 decreased by …
Igor Sechin Tooks Part in Russian-Italian Top-level Talks
Rosneft Chairman of the Managing Board took part on June, 10th in Russian-Italian top-level talks in Milan, during which the President of Russia Vladimir Putin and the Prime minister of Italy Matteo Renzi discussed key issues of the economical cooperation between two countries. Rosneft partnership with Italian companies is a …
Tethys Petroleum: Kazakh Production Up 19%
Tethys Petroleum Limited provides the following corporate update to its shareholders. Highlights — Resolution reached with SinoHan. — Following the greater than 50% reduction of our corporate and regional overheads, further restructuring and costs reductions are on going. — As part of the ongoing strategic review, Tethys remains in an …
Gazprom Neft Completes First Winter Sea Shipments Of Oil From Novoportovskoye
Initiated in February 2015, Gazprom Neft has now completed its first winter shipments of oil from the Novoportovskoye field, becoming the first company in the Russian oil and gas sector to despatch oil from Yamal by sea under winter conditions. Seven tankers, carrying a total 110,000 tonnes of the company’s …
NOVATEK: Signs Long-Term LNG Contract with Shell
OAO NOVATEK announced today that Novatek Gas & Power, a wholly owned trading subsidiary of NOVATEK, has signed a long-term contract with Shell International Trading Middle East for the supply of LNG from the Yamal LNG project. The contract stipulates annual supply of approximately 0.9 million tons of LNG for …
Lukoil President Meets With Kazakhstan Leaders
LUKOIL President Vagit Alekperov visited Astana to attend the 28th Plenary Session of the Foreign Investors’ Council under the President of Kazakhstan. As part of his visit, Mr. Alekperov met with Kazakhstan Prime Minister Karim Masimov, executives from Kazakshtan’s Ministry of Energy and KazMunayGas, the national oil company of Kazakhstan. …