Interim Management Statement
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Third quarter 2014 results
On October 15, 2014, Det norske oljeselskap ASA finalised the acquisition of Marathon Oil Norge AS, and is now among the largest listed independent European E&P companies. See a webcast from the presentation here: Find theQ3 2014 Report her. Find the Q3 2014 presentaion here. Maersk Interceptor in Stavanger …
Successful appraisal of the Garantiana discovery
3. November 2014 Det norske oljeselskap ASA, as partner in PL554, announces that drilling and testing of appraisal well 34/6-3 S on the “Garantiana” discovery and the wildcat sidetrack well 34/6-3 A have been completed. The updated resource range in PL 554 is estimated at 40 – 90 …
Johan Sverdrup on track
3. November 2014 The environmental impact assessment for the gigantic Johan Sverdrup project shows that the project is proceeding as planned. Generating revenues amounting to NOK 1 350 billion over a lifetime of 50 years, this will be one of the most profitable projects on the Norwegian shelf. …
Maersk Interceptor to Ivar Aasen
Maersk Interceptor is the name of the rig to be used on the Ivar Aasen field, a field operated by Det norske oljeselskap ASA. Anita Utseth, Offshore Installation Manager at Ivar Aasen, had the honor of naming the rig in Stavanger today. Anita was pleased to be part of …
UNEPCOM endorsed initiative of Rosneft and Russian Geographical Society
The Russian National Committee for UNEP (UNEPCOM) endorsed the initiative of Rosneft and the Russian Geographical Society to elaborate interdisciplinary scientific program for comprehensive Arctic research. This program will help to set out the principles of special economic activity regulations in the region, including clear ecological rules of shelf development. …
Urals Energy: Wins Appeal on $41.6m Debt Claim by UEN Cyprus
The Board of Urals Energy, the independent exploration and production company with operations in Russia, announces that it has received notification from the Moscow Court of Cassation (the 2nd level appeal court in Moscow) that the Company has won its case concerning Urals Energy’s appeal against the ruling of the …
Rosneft and PDVSA Signed a Second Long-Term Contract for Supplies of Oil and Oil Products
Rosneft Group and PDVSA signed a long-term contract for supplies of oil and oil products of Venezuelan production. The document envisages the supplies of over 1.6 mln t of oil and 9 mln t of oil products to the Rosneft Group within 5 years. Commenting on the signing Rosneft Head …
Pacific Energy Development Provides Update on Kazakhstan Asset and East Zhagabulak
PEDEVCO Corp. d/b/a Pacific Energy Development, an energy company engaged in the acquisition and development of strategic, high-growth energy projects, today provided an update on the Company’s pending acquisition of a 5% interest in Caspian Energy Inc. (“Caspian Energy”), a Canadian publicly-traded company which is in the process of acquiring …
Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 …