BP Cuts Proven Gas Reserves in the Caspian States
BP PLC revised down its estimates for proved reserves of natural gas in countries in the former Soviet Union by almost a third as it brought the numbers in line with Western accounting standards on reserves, BP Chief Economist Christof Ruehl said Wednesday. Russia’s gas reserves were revised down to …
International Petroleum and Range Resources Merger Update
Further to its announcement of 24 April 2013, Range Resources Limited is pleased to provide the following update with respect to its proposed strategic merger with International Petroleum Limited. Since announcing the intended merger transaction, key legal , technical, corporate and financial advisors have been appointed and the parties have …
Red Mountain Energy and Premium Engineering to take part in the MIOGE 2013
Red Mountain Energy, together with Premium Engineering, will take part in the 12th Moscow International Oil & Gas Exhibition (MIOGE 2013) to be held on June 25-28 at the Expocenter, Moscow. This is Russia’s major oil and gas exhibition and a traditional meeting place for the world’s leading oil, gas …
Slavneft-Yaroslavnefteprodukt Annual General Shareholders Meeting Held
Open Joint Stock Company Slavneft-Yaroslavnefteprodukt’s Annual General Shareholders Meeting was held on June 13, 2013. The Company’s 2012 Annual Report, Balance Sheet and Profit and Loss Statement were approved at the Meeting. The Shareholders resolved not to pay dividends on the ordinary and privileged shares of the Company due to …
Lukoil Awarded Two Licenses in Norway Sector of Barents Sea
Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, LUKOIL was awarded two licenses in the Norwegian sector of the Barents Sea. At block 719 (Fingerdjupet Region) LUKOIL holds a 30-percent interest, Britain’s Centrica (operator) – 50% and Norway’s North Energy – 20%. …
Max Petroleum: Drills Deeper at BNG
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to provide an operational update on its flagship BNG asset. Well 143 As previously announced, Well 143 was spudded on 1 April 2013, on the MJ-F structure located towards the North of South Yelemes field …
Bashneft’s net income under IFRS for the first quarter of 2013 totals 11.992 billion roubles
Today, Bashneft Group, which comprises JSOC Bashneft, its subsidiaries and affiliates, released its unaudited consolidated financial statements for the first quarter of 2013 prepared in accordance with International Financial Reporting Standards (IFRS) In the first quarter of 2013, the Group’s revenue from sales increased by 5.8% year-on-year and totalled 125,580 …
Bashneft acquires a network of filling stations in the Orenburg Region
Bashneft Group has acquired a 100% stake in LLC Alternativa, which owns 12 filling stations in the Orenburg Region operating under the Q&R brand name. The transaction is part of Bashneft’s strategy for increasing the number of its own filling stations in the key regions where its retail network is being developed. Q&R accounts for slightly more than 1% of retail sales …
Cadogan Petroleum plc: Second Price Monitoring Extension
A second and final Price Monitoring Extension has been activated in this security. The closing auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price …
Cadogan Petroleum plc: Price Monitoring Extension
Today’s closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security’s closing auction call before the execution occurs. A price …