Rosneft: Holds Public Hearings on the Studies of the East-Sibirsky-1 License
Rosneft presented a program of comprehensive geophysical studies on the East-Sibirsky-1 licensed block in the water area of the East-Siberian Sea in the course of public hearings held in Anadyr. During the event, the implementation of the works, measures on environmental protection during exploration as well as equipment and technologies …
South Stream: Alexey Miller – “The Project is over.”
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …
South Stream: Alexey Miller – "The Project is over."
President Vladimir Putin said Russia scrapped a proposed $45 billion Black Sea pipeline to carry gas to Europe, the latest sign economic ties with the European Union are breaking down as the Ukraine crisis persists. Shelving the South Stream project ensures pipelines through Ukraine will remain vital supply links to …
Dragon Oil: No Intention to Make an Offer Statement Under Rule 2.8 of the Irish Takeover Rules in Respect of Petroceltic International plc
The Board of Dragon Oil plc announced on 6 October 2014 that it had noted the announcement by the Board of Petroceltic to the effect that it was in detailed discussions with Dragon Oil with respect to a possible offer for Petroceltic and confirmed that it was in detailed discussions …
Roxi Petroleum: Operational Update
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 and also to set out its corporate strategy for the medium term. BNG Background The BNG Contract Area is located in the …
Weatherford to Sell its Engineered Chemistry and Drilling Fluids Businesses for $825 Million in Cash and Earnout
Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation (“Lubrizol”), a Berkshire Hathaway company, for the sale of the Company’s engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus …
Tethys Petroleum: Outlines Strategic Plan for 2015
Tethys Petroleum Limited is pleased to provide an update to our shareholders on the current operations, forward plans and the strategic focus of the Company over the next 12 months. Following the appointment of the new Executive Chairman, Mr. John Bell, and three new Non-Executive Directors of the Company, the …
Max Petroleum Plc: Conclusion of Formal Sale Process
Max Petroleum announces that, following the General Meeting held earlier today at which all the resolutions relating to the proposed £37.1 million Subscription by AGR Energy were duly passed, the review of strategic options and the formal sale process announced on 22 July 2014 has now been concluded and, as …
Gazprom Neft: Drills 1,500m Horizontal Well at the Novoportovskoye Field
Gazprom Neft has become the first oil operator in Russia to drill a well with a horizontal borehole of 1,500 metres. The well, on the Yamal Peninsula, reaches a total 4,200 metres in length. Some 91 percent of the horizontal section, moreover, is located in the oil-saturated bed of the Novoportovskoye formation, characterised by high permeability strata which yield high flow rates without the application …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …