Ex Rosneft Head, Khudainatov, to Buy Geotex and Payakha for $500m
Khudainatov, who served as chief executive at state-controlled Rosneft while its current CEO Igor Sechin was deputy prime minister, is buying gas focused company Geotex and oil and gas producer Payakha, Kommersant said citing sources. It added that Khudainatov is buying assets through a firm called Independent Petroleum Company (IPC), …
The 17th Annual Conference & Exhibition SAKHALIN OIL & GAS
ROGTEC would like to invite you to the 17th Annual Sakhalin Oil & Gas Conference & Exhibition, which will take place on 23rd – 26th September 2013 in Yuzhno-Sakhalinsk, Russia. http://www.adamsmithconferences.com/AS223HROGb Why is Sakhalin Oil & Gas Conference the MUST-ATTEND event for 100s of oil & gas professionals each year? …
Tethys Petroleum: Second Quarter 2013 Results
Tethys Petroleum Limited today announced its second quarter 2013 financial results. The Company reports financial results in accordance with International Financial Reporting Standards (“IFRS”). Q2 Financial Highlights Increase in earnings (EBITDA adjusted for share based payments) to USD8.0 million from USD1.1 million in 2012 Profit before tax of USD3.9 million …
Condor Petroleum Announces 2013 Q2 results
Condor Petroleum Inc. is pleased to announce the release of its unaudited Interim Consolidated Financial Statements for the period ended June 30, 2013, together with the related Management’s Discussion and Analysis (“MD&A”). These documents will be made available under Condor’s profile on SEDAR at www.sedar.com and on the Condor website …
Max Petroleum: Operations Update on SAGW, ESKN and BCHW
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an operations update for the Sagiz West, Eskene North and Baichonas West fields. Sagiz West The combined results of the SAGW-4 well and the latest 3D seismic survey results confirm productive reservoirs …
Novatek announces second quarter and first half 2013 IFRS results
NOVATEK released its consolidated interim condensed financial information for the three and six months ended 30 June 2013 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial and Operational Highlights (in millions of Russian roubles unless otherwise stated) 2Q 2013 2Q 2012 1H 2013 1H 2012 Revenues 57,918 …
Max Petroleum: Halliburton to Provide Integrated Project Management Services To Drill and Complete NUR-1 Pre-salt Well
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has entered into a memorandum of understanding with Halliburton Kazakhstan LLP, a subsidiary of Halliburton Energy Services, whereby Halliburton will provide integrated project management services for the drilling and completion of …
Shelton Petroleum AB: Production report for July 2013
Shelton Petroleum’s total oil production in July 2013 amounted to 19,230 barrels, equivalent to 620 barrels per day. The table below summarizes the production broken down by oil field. July 2013 July 2012 Jan-July 2013 Jan-July 2012 Jan-Dec 2012 Lelyaki 10,680 10,900 71,605 69,300 119,950 Rustamovskoye …
Sparrows reports strong profit and turnover growth
Earnings at the Aberdeen head-quartered company before interest, tax, depreciation and amortisation (EBITDA) were £20.8 million with turnover reaching £188million. In comparison, profits in 2011 were £17.5million on a turnover of £172million. The UK accounts for 53% of total turnover with international sales making up the remaining 47%. Doug Sedge (pictured), …
Rosneft and Socar Sign Cooperation Agreement
Rosneft and State Oil Company of the Republic of Azerbaijan (SOCAR) executed the Cooperation Agreement. The document was signed by Rosneft President and Chairman of the Management Board Igor Sechin and SOCAR President Rovnag Abdullayev in the presence of Vladimir Putin, President of the Russian Federation, and Ilham Aliyev, President …