Note From the Editor, ROGTEC Magazine
Welcome to issue 39 of ROGTEC Magazine. As a quarterly publication, we will be celebrating a decade of publishing Russia and the Caspian’s leading upstream publication in our next issue. During the last 10 years we have seen the market change, evolve, crash and boom – not necessarily in that …
RN-Uvatneftegaz Produces 50 millionth Ton of Oil
RN-Uvatneftegaz, a subsidiary of Rosneft, produced 50 millionth ton of oil since the start of Uvat project implementation in 2004. In 10 years of enterprise performance the annual oil output increased almost by 10 times – from 1.2 mln tons in 2004 to about 10 mln tons, expected by the …
Urals Energy: Board and Company Update
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces various Board role and management changes, along with a litigation and general update. Board Changes Mr Leonid Dyachenko, who is presently an Executive Director of the Company and has held the position of CEO …
C.A.T. oil AG: Points to Errors in Joma Industrial Source Corp Bid
The management board of C.A.T. oil AG (Company) (ISIN: AT0000A00Y78; WKN: A0JKWU) was informed by AB PCO Investment Limited (Cyprus) (AB PCO), an investment vehicle of the member of the management board Anna Brinkmann, on 12 December 2014 that the offer document which was published by Joma Industrial Source Corp. …
Roxi Petroleum: Sinopec Spuds BNG New Deep Well, Work to Free Stuck Coiled Tubing Continues
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to further update the market with news of progress at its BNG asset. BNG Background The BNG Contract Area is located in the west of Kazakhstan 40 kilometers southeast of Tengiz on the edge of …
Urals Energy: Inga Srenger Steps Down to Focus on Petraco Oil Company Role
Urals Energy PCL, the independent exploration and production company with operations in Russia, announces that Mrs Inga Srenger has notified the Board of Urals Energy (the “Board“) of her decision to resign from the Board with immediate effect. Mrs Srenger has informed the Board that her decision is due to …
Zoltav Resources: Board Shake Up – Alastair Ferguson To Become Executive Chairman,
Zoltav Resources, the CIS-focused oil and gas exploration and production company, is pleased to announce a number of changes to the board with effect from 31 December 2014. Symon Drake-Brockman will be stepping down as executive chairman of the board and will become a non-executive director. Alastair Ferguson (currently an executive …
Sibur Holdings: Financial Results – Revenues Up 33.5%, APG Up 6.1%
PAO SIBUR Holding, an integrated gas processing and petrochemicals company, today published its operational and financial results for the nine months ended 30 September 2014 in accordance with International Financial Reporting Standards (IFRS). Operational highlights Associated petroleum gas (APG) processing volumes increased by 6.1% year-on-year Raw natural gas liquids (raw …
KMG EP: Aksay Oil and Gas Field Put on Stream
KazMunaiGas Exploration Production JSC announces that JV Kazgermunai’s Aksay oil and gas field located in Kyzylorda region has been put on stream. At the commissioning ceremony, KMG EP Chief Executive Mr Abat Nurseitov said: “Aksay field commissioning will allow Kazgermunai to maintain oil production at current level. Also, additional volumes …
Joma Industrial Source Corp: Makes Mandatory Offer for C.A.T. oil AG at 15.2 Eur a Share
Today, JOMA INDUSTRIAL SOURCE CORP., which is a company indirectly owned by the French veteran oil manager Maurice Dijols, has published – after acquiring a controlling interest – its mandatory offer to the shareholders of C.A.T. oil AG headquartered in Vienna. The offer document was approved by by the German Federal Financial Supervisory Authority …