NOVATEK Closes Rouble Denominated Eurobond Issue
OAO NOVATEK announced today the closing of its four-year rouble denominated Eurobond issue in an aggregate amount of RR 14.0 billion. The annual coupon rate is set at 7.75% with coupons payable semi-annually. The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our first rouble denominated Eurobond …
Bashneft starts consolidating petrochemical assets
On the meeting held on February 18, 2013 the Board of Directors of JSOC Bashneft made a number of decisions related to the start of consolidation of petrochemical assets within OJSC United Petrochemical Company (UPC) by absentee voting. For instance, the Board of Directors decided that Bashneft should not have stakes in LLC Tuimazinskoye gas processing plant and LLC Shkapovskoye gas processing …
Russian Drilling Contractors Roundtable – RDCR – 11th of April – Update
On April 11th, at the Swissotel Moscow, TMG Worldwide is organizing the 1st Russian Drilling Contractors Roundtable, www.rdcr.net The RDCR is a one day event. The event is designed to provide a platform for the regional drilling contractors to discuss which technologies are available for their rig and equipment upgrade …
RPI Issues “Offshore Oil and Gas Industry of Russia and CIS: Outlook to 2022”
RPI, a leading provider of research on the energy sector of Russia, the Caspian region, Central and Eastern Europe, would like to bring to your attention the upcoming release of the “Offshore Oil and Gas Industry of Russia and CIS: Outlook to 2022” research study. The purpose of this research …
RORC to Increase Autogas Output by 30% in 2013
ТNК-ВР reports that in 2013 CJSC Ryazan Oil Refinery Company (part of the ТNК-ВР Group) plans to increase production of autogas (automobile propane-butane) by 30% – to 3.9 k tons. TNK-BP is consistently implementing a large scale program to upgrade RORC capacities and implement new technology to increase production efficiency. …
SPE / IADC Drilling Conference and Exhibition
The Premier Drilling Event The SPE/IADC Drilling Conference and Exhibition, taking place on 5-7 March 2013, provides the opportunity for producers, contractors, and service company professionals to meet, discuss, evaluate and share ideas to advance worldwide drilling operations, promote solutions to common problems and improve overall efficiency and profitability. 5-7 …
Professionals of Tatneft Took Part in the Collegium of the Ministry of Ecology and Natural Resources
The year-end collegium of the Ministry of Ecology and Natural Resources of the Republic of Tatarstan with participation of Rustam Minnikhanov, President of the Republic of Tatarstan, Sergey Donskoy, Minister of Natural Resources and Ecology of the Russian Federation, and Marina Seliverstova, Head of the Federal Agency for Water Resources …
Bashneft concludes a new Collective Agreement with its employees
Bashneft has concluded a new Collective Agreement with its employees for 2013–2015. The document has been signed by the Company’s President Alexander Korsik representing the employer and by the chairman of the United Employee Representative Body Ildar Sadykov representing the employees. The collective agreement governs the relationship between the employees and the employer as part of a social …
Cadogan Petroleum Plc: High Court Judgment in favour of Cadogan
The Board of Cadogan is pleased to announce that the Company has received judgment in its litigation against Global Process Systems LLC (“GPS”). Mr Justice Eder of the High Court in London has today awarded judgment in favour of the Company in the sum of just over US$21,000,000 inclusive of interest (the “Judgment Debt”), to be paid by …
Rosneft President Igor Sechin Holds Working Meeting with Vice Premier of the People’s Republic of China Wang Qishan
Rosneft delegation led by Igor Sechin began its work in China on February 17. Rosneft President and Chairman of the Management Board Igor Sechin held a working meeting with Vice Premier of the People’s Republic of China Wang Qishan. The parties discussed a broad range of issues related to increasing …