Alliance Oil announces prospectus for the preference share issue
Access to the information and documents on this portion of the website of Alliance Oil Company Ltd. (“Alliance Oil”) is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be …
Alliance Oil Company: CAPEX plans for 2013
For 2013, Alliance Oil Company plans to further reduce upstream capital expenditures to 250-290 MUSD[1] and focus on organic development of production assets in all regions, launching gas production in the Tomsk region and evaluating exploration potential in the Timano-Pechora region. Downstream capital expenditures are budgeted at 430-490 MUSD[2], essentially in line with 2012 …
Max Petroleum Plc: Holdings in the Company
On 28 January 2013, the Company received notification that, as of 25 January 2013, Outrider Master Fund, LP held a beneficial interest in 177,484,655 ordinary shares in the Company representing 10.1% of the total voting rights attached to the issued ordinary share capital of the Company. Source
Russian Delegation Led by Rosneft President Igor Sechin Begins Work in Venezuela
A Russian delegation led by Rosneft President Igor Sechin began work in Venezuela on 29 January. During the visit Igor Sechin, President and Chairman of the Management Board at Rosneft, will hold talks with Diosdado Cabello, head of Venezuela’s National Assembly, Venezuelan Vice President Nicolás Maduro, Rafael Ramírez, Venezuelan Oil …
Igor Sechin Elected Chairman of National Oil Consortium BOD
A meeting of the board of directors of the National Oil Consortium was held in Caracas, Venezuela, on January 29. Representatives from consortium members Rosneft, Gazprom Neft, TNK-BP and Lukoil took part in the meeting. Igor Sechin, President and Chairman of the Management Board at Rosneft, was elected Chairman of …
Rosneft Brings its Highest Quality Standards to the Belgorod Region’s District Centers
Rosneft has launched two service stations in the Belgorod region. The opening ceremonies were held at service stations in the village of Ivnya and in the city of Stary Oskol. The conversion of a gas station into a service station in the village of Ivnya is one of the examples …
TNK-BP Helped Its Contractors to Enhance Transportation Safety in 2012
TNK-BP reports a significant improvement of transportation safety performance in 2012. The number of road traffic accidents caused by the Company drivers and contractors fell 19%, and their frequency declined by 18%. Transportation safety is one of TNK-BP’s unconditional priorities: the number of vehicles used in the Company operations comes …
TNK-BP to Allocate 145 Million Rubles for Social Investment in Orenburg in 2013
TNK-BP informs that in 2013 it will invest over 145 mln rubles in social and charity projects in the Orenburg region. In accordance with the agreement on socio-economic cooperation with the regional Government, the money will be used to build or recondition social facilities, support youth movements and organizations working …
Varel International Energy Services Completes Refinancing
Varel International Energy Services (VIES) and its subsidiaries, Varel International and Downhole Products Ltd, have completed their previously announced refinancing, totaling $325MM. The deal includes a $20MM revolving credit facility, a $220MM term loan and an $85MM mezzanine tranche. Credit Suisse took the lead in facilitating the deal on behalf …
Brandenburg goes 3D: DMT wins contract for developing extensive geological subsurface model
At the beginning of January, the Essen based company DMT GmbH & Co. KG was commissioned to create a 3D image of what the German state of Brandenburg looks like deep underground. The digital subsurface model will cover a total area of approx. 29,500 km². Both DMT and its partner …