Roxi Petroleum: BOCO Take $20m usd Subscription
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce it has entered into a subscription agreement to raise $20m at above the current market price. The Company has entered into a Subscription Agreement with BOCO (H.K.) Limited, (“BOCO”),whereby BOCO will subscribe for …
Rosneft Delays NADL Rig Deal Till 2017
Rosneft and North Atlantic Drilling Limited have agreed to extend the termination date of the Framework Agreement signed on August 20, 2014 until May 31, 2017. Additionally, the parties have agreed to renegotiate the terms and characteristics of the transactions contemplated in the Framework Agreement and the terms of the …
Ruspetro: 2014 Results – Debt Down in Equity Swap, Ruble Devaluation Hurts, Plus Production Drop
Ruspetro plc, an independent oil and gas development and production company with assets in the Western Siberia region of the Russian Federation, announces today its results for the full year ended 31 December 2014, and an update on its operations to date. Financial Highlights – Successful completion of financial restructuring …
Dragon Oil: Cheleken Production Up 23% yoy
Dragon Oil plc, an international oil and gas exploration, development and production company, today publishes an update on the drilling activity in the Cheleken Contract Area, Turkmenistan, and production numbers for 1Q and March 2015. Average gross production of approximately 88,700 barrels of oil per day (bopd) in 1Q 2015, …
Gazprom Neft: Spins Chonsky Project Bits
Gazprom Neft has begun drilling of three exploratory wells at its Chonsky project in Eastern Siberia — one each at its Ignyalinsky, Vakunaysky and Tympuchikansky fields. Drilling of a further well at the Tympuchikansky block will begin within a month. Data obtained from further well testing will allow the clarification of geological models of the fields, allowing the various blocks to be subsequently …
Gazprom: Looking to Maintain Global Gas Market Position
The Gazprom Board of Directors took notice of the information about new trends in the global energy sector and their possible impact on the world gas market structure. In order to evaluate the influence of such phenomena on the global gas market, the relevant stress-scenarios envisaging the conservation and development of the outlined mid-term and long-term trends, were formed and reviewed. The …
Gazprom: Looking At More Stock Exchange Listings
The Board of Directors took note of the information about Gazprom’s activities aimed at gaining new stock markets for the Company’s shares. At present, Gazprom’s shares are listed on the Moscow and Saint Petersburg Exchanges as well as Russia’s over-the-counter market. The Global Depositary Receipts (GDRs) against the Company’s shares are traded on the London, Berlin and Frankfurt …
Arcticgas Launches the Yaro-Yakhinskoye Field
OAO NOVATEK announced today that Arcticgas (a joint venture between NOVATEK and Gazprom Neft) launched the Yaro-Yakhinskoye field, which is the third field launched into commercial production by this joint venture. Thirty-seven (37) gas condensate wells have been drilled and the field’s infrastructure also includes a gas gathering network, a …
Rosneft: Q1 Gas Production Up 19.7%
Consolidated Rosneft gas production in the first quarter increased by 19.7% compared to the same period last year and amounted to 15.8 BCM. Thus, the Company is among the three largest producers of natural gas in Russia and continues to hold a leading position in terms of growth and efficiency …
Anatoly Sorokin Heads Gazprom Gazobezopasnost
Anatoly Sorokin was born in the Orenburg Region in 1960. He graduated from Kuibyshev Polytechnic Institute in 1983, majoring in Technology and Comprehensive Mechanization of Oil and Gas Developments. From 1983 to 1993 and from 1994 to 1998 he worked for the Kholmogorneft Oil and Gas Production Directorate of Noyabskneftegaz. …