Petrogrand: Pays $21.5m USD for 49% of Ripiano Holdings
Petrogrand AB’s subsidiary, Sonoyta Limited, has signed a Share Subscription Agreement, regarding the subscription for newly issued 49 per cent of the shares and votes in Ripiano Holdings Ltd, a Cyprus holding company with oil producing subsidiaries in Russia (“Ripiano”). The subscription price for the shares and votes in Ripiano …
North Atlantic Drilling: West Navigator Contract Terminated by Rosneft
North Atlantic Drilling Ltd. (NADL) has received a notice of termination from Rosneft of the service order for the West Navigator in connection with the Framework Agreement. The drillship was indicatively scheduled to commence operations under its five-year contract with Rosneft during the summer of 2015, which would have required …
Exillon Energy: February Production at 17,459 bbl/day
Exillon Energy plc, a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of February 2015 (“the Period”) · Our average daily production[1] was 17,459 bbl/day during the period. · Average daily …
Petrogrand: Half the Board Quits
Mikael Wallgren (Chairman) and Lars Jacobsson (board member) announce their immediate resignation from the Board of Directors of Petrogrand due to differences of opinion within the Board of Directors regarding the company’s future. Following Mikael Wallgren’s and Lars Jacobsson’s resignations, the Board of Directors of Petrogrand consists of Maks Grinfeld, …
Shelton Petroleum: February Production Report
Shelton Petroleum’s total oil production in February 2015 amounted to 23,610 barrels, equivalent to 843 barrels per day. The table below summarizes the production broken down by oil field. Feb 2015 Feb 2014 Jan-Feb 2015 Jan-Feb 2014 2014 2013 2012 Lelyaki 9,840 10,480 20,150 22,000 …
LetterOne: Lord John Browne Appointed Chairman of Renamed DEA
After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. At the first general meeting of …
Alexey Miller and Vagit Alekperov Address Vital Cooperation Issues
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL. The parties discussed the issues of cooperation while arranging the processing of associated petroleum gas (APG) from the northern group of LUKOIL-Komi fields at the Sosnogorsk gas processing plant (GPP) of Gazprom. It was noted that the work …
Belorusneft: Sanctions Lifted
The United States has removed sanctions against Belorusneft, a state-owned Belarussian energy company, imposed in 2011 for its involvement in the Iranian petroleum sector, the U.S. government said on Tuesday reported Reuters. The sanctions have been lifted amid a thaw between the West and Belarussian leader Alexander Lukashenko, once branded …
Russneft: Glencore to Convert Assets into 49% Stake
Swiss mining giant Glencore PLC is negotiating a deal to restructure its stake in RussNeft, one of Russia’s 10 biggest oil companies, according to a person familiar with the deal reported the WSJ. Glencore plans to convert assets it has in RussNeft subsidiaries into a 49% stake in the Russian …
International Petroleum: Alexander Osipov Terminated as CEO
International Petroleum Limited announces that the Board has terminated Mr Alexander Osipov as Chief Executive Officer of the Company, effective 26 October 2014.