Weatherford Recommends Rejection of “Mini-Tender” Offer by TRC Capital Corporation
Weatherford International plc has received notification of an unsolicited “mini-tender” offer by TRC Capital Corporation to purchase up to 5,000,000 shares, or approximately 0.65 percent, of the outstanding ordinary shares of Weatherford at $21.15 per share. TRC Capital’s offer is approximately 4.3% below Weatherford’s closing price of $22.10 on August 18, 2014, the day before the offer commenced. Weatherford does …
NADL – North Atlantic Drilling: Announces Acquisition of Land Drilling Rigs in Russia
North Atlantic Drilling Ltd. is pleased to announce that an agreement has been signed whereby NADL will purchase a significant portion of Rosneft’s land drilling fleet in Russia. Approximately 150 rigs will be acquired along with an award of new 5 year contracts with Rosneft for these units. Following the …
Shelton Petroleum: Interim Report January-June 2014
January – June 2014 Total revenue for the period: SEK 63 (46) million Operating result for the period: SEK 15 (11) million Operating margin: 23% (23%) Convertible bond of SEK 22 million fully converted into shares making the company debt-free Basic and diluted earnings per share: SEK 0.70 (-0.44) …
Fifth Anniversary of Commercial Oil Production Start on Vankor Field
The commercial production of Vankor oil, gas and condensate field started on September 21, 2009. In the period of five years more than 85 mln tons of oil and condensate were produced here. At the moment daily production exceeds 60 thousand tons of oil. The oil field with unique geological …
Gazprom Neft Commences First Sea Transportation from the Novy Port Field
Gazprom Neft has made a summer shipment of oil from the Novy Port oil field, with crude oil being delivered to European consumers by sea for the first time. This new type of crude, known as Novy Port, has all the characteristics of light crude, while its low sulphur content …
TatNIPIneft Develops Water-Swellable Elastomer Powder
TATNEFT Company is successfully implementing the technology developed by TatNIPIneft to reduce water influx in carbonate reservoirs through application of swellable elastomers. The engineering development is based on blocking the water flow paths with application of a special elastomeric powder, which, unlike commonly used water-swellable polymers, swells in water in …
Exillon Energy: Produces Unaudited 17,440 bbl/day in July
Exillon Energy plc , a London Premium listed oil producer with assets in two oil-rich regions of Russia, Timan-Pechora and West Siberia, is pleased to announce unaudited production data for the month of July 2014 (“the Period”). · Our average daily production[1] was 16,678 bbl/day during the period. · Average daily production for Exillon …
Eriell Group Sets New Records in Western Siberia Arktikgaz Project
ERIELL Group is surpassing its own records in the ARKTIKGAZ Project, Urengoy oil and gas condensate field. So, in June of this year two wells were drilled in 76 and 70 days with 24 and 30 days respectively ahead of schedule. It was the first time when assemblies for the completion of multi-stage hydraulic fracturing were used in Achimov deposits as well as three-stage hydraulic …
Lukoil Completes Dividend Payment Based on 2013 Financial Performance
By virtue of the decision made at the Annual General Meeting of OAO LUKOIL of June 26, 2014, the company has fulfilled its dividend-payment obligations based on the 2013 financial performance. In view of the new dividend payment procedure applicable in the Russian Federation from January 01, 2014, the funds were transferred …
Lukoil Ships First Batch of Compensation Oil as Part of West Qurna-2 Project in Iraq
Sea Triumph, a tanker chartered by LITASCO (an international marketing subsidiary of OAO LUKOIL), left the port of Basra in southern Iraq with a load of crude. This is the first batch of oil in reimbursement of the costs incurred by LUKOIL as part of the West Qurna-2 project. The …