Bashneft: Approves Board Candidates
Today, the Board of Directors of JSOC Bashneft has considered matters related to the Extraordinary General Meeting of Shareholders of the Company to be held on March 11, 2015. Based on a proposal put forward by the Federal Agency for State Property Management, the Board of Directors has nominated the …
Amsterdam District Court: Yukos Has Legitimate Compensation Claim Against Rosneft
The district court in Amsterdam has ruled the compensation claim by Yukos International, once part of Russia’s biggest oil company, is legitimate. The firm is asking Rosneft for $333 million to cover losses incurred by the arrest of its accounts in 2008. “As for the amount [of compensation – Ed.], …
Rosneft: Repays Part of Their TNK-BP Loan Early
Rosneft announces it regularly repaid part of a loan obtained to finance the acquisition of TNK-BP. On February, 11 the Company paid to lenders USD 7.154 bln. In such a manner, the overall amount paid since December 2013 totaled USD 33 bln, in full accordance with credit agreements. Within two …
C.A.T. oil AG: 2015 Order Book Takes Massive Ruble Rate Hit
C.A.T. oil AG, the provider of oil and gas field services in Russia and Kazakhstan, informs about the 2015 tendering campaign: despite the difficult macroeconomic environment in its core markets and the weak oil price the Company has successfully placed more than 90% of its fracking capacities, around 75% of …
Shelton Petroleum: Rustamovskoye Produces 12,560 Barrels in January
Shelton Petroleum’s total oil production in January 2015 amounted to 22,870 barrels, equivalent to 738 barrels per day. The table below summarizes the production broken down by oil field. Jan 2015 Jan 2014 Jan-Dec 2014 Jan-Dec 2013 Jan-Dec 2012 Lelyaki 10,310 11,520 125,141 126,565 119,950 Rustamovskoye …
Salym Petroleum Development: Exceeded 2014 Oil Production Plan
In 2014 the total annual production from the Salym oil fields in Western Siberia, developed by Salym Petroleum Development N.V. (SPD), made 6.55 million tons (47.1 million barrels). SPD delivered annual oil production plan for 2014 ahead-of-schedule and by the year-end exceeded the planned figure by 4%. SPD production success …
SPD: Drills Record Salym Production Well
SPD set a new record drilling a 4288-meter long production well. It is the longest production well ever drilled in Salym group of oil fields. A drilling milestone was delivered on pad 56 in Vadelyp field by the drilling rig 7 of Siberian Service Company (SSK), SPD drilling contractor. “This …
Petrogrand: Signs Letter of Intent to Purchase 49% to Ripiano Holding
On Tuesday the 10th of February, Petrogrand AB signed a Letter of Intent regarding the acquisition of 49 percent of the shares and votes in Ripiano Holding Ltd, a Cyprus holding company with an oil producing subsidiary in Russia. The purchase price amounts to about 180 MSEK and is paid in …
Igor Sechin Participated in IP Week
On February 10, 2015 Rosneft Head Igor Sechin took part in the International Petroleum (IP) Week in London. Igor Sechin made a presentation during the session “Seizing opportunities created by the changing markets, shifting trade patterns, and hedging against price volatility”. In his speech he noted that currently oil markets …
Roxi Petroleum: Sells Galaz Contact Area for $20.72m
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce the conditional sale of the Company’s equity and debt interests in the Galaz Contract Area, the second of the Company’s principal assets, for net proceeds of $20.72 million after estimates of associated taxes. …