Rosneft In Bid for BP’s Stake in TNK-BP
Rosneft is poised to secure a tighter grip on Russia‘s oil industry with a bid for BP’s 50 percent stake in TNK-BP, the country’s third largest producing company. Sources familiar with the actions of British oil company BP, Rosneft, their advisers and financiers said a bid had been submitted to …
Max Petroleum News – Equity for Services Share Allotment to Zhanros Drilling LLP
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that on 17 October 2012 it issued 23,327,652 ordinary shares of 0.01 pence each in the Company (“Shares”) at 5 pence per Share to Zhanros Drilling L.L.P. (“Zhanros”). Application has been made for these Shares …
BP Attempts to Sooth SOCAR and Azeri Ire
BP Plc Chief Executive Officer Bob Dudley agreed to work closely with the State Oil Co. of Azerbaijan at a Caspian Sea oil field where Azeri President Ilham Aliyev blamed the U.K. producer for declining output, reported Zulfugar Agayev. Dudley met with Rovnaq Abdullayev, the CEO of Socar, as the …
KMG EP Announces Operating Results for the First Nine Months of 2012
JSC KazMunaiGas Exploration Production announces that in the first nine months of 2012 it produced 9,108 thousand tonnes of crude oil (246 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 100 thousand tonnes or 1% less than in the same period of 2011. …
Zeljko Runje Appointed Vice President for Offshore Projects at Rosneft
Zeljko Runje has been appointed to the newly created position of Vice President for Offshore Projects at Rosneft. He has extensive experience in this field. Developing offshore projects is one of Rosneft’s strategic priorities. In the medium term it will contribute significantly to resource base replacement, while in the long …
AAR in Non-binding Agreement to Sell TNK-BP Stake to Rosneft for $28bn USD
The Russian-based businessmen whose joint venture with BP has been plagued by years of in-fighting have agreed an outline deal to sell their stake to the state-owned oil giant Rosneft for about $28bn (£17.3bn), reported Mark Kleinman, City Editor, Sky News. AAR, a consortium of four oligarchs (Len Blavatnik, Mikhail …
Gazprom Neft and TNK BP: First Messoyakha Oil Produced
Gazprom Neft and TNK-BP report that first oil has been produced by the pilot project at the Vostochno-Messoyakhskoe field. The inflow received from the first two development wells points to the field’s high potential. The project is being implemented by Messoyakhaneftegaz, which is Gazprom Neft and TNK-BP’s joint venture controlled …
Lukoil Looking to Turn into an International Energy Company
Russia’s oil giant Lukoil has great plans for the future, as it plans to change its status, turning from a West Siberia-focused oil producer into an international energy company with asset bases from South America to the Middle East to Southeast Asia. The move is followed by the recent declaration …
International Petroleum: Secures 2m USD Loan Facility
International Petroleum Limited, an oil and gas exploration and production company with assets in Russia and Kazakhstan, is pleased to announce that it has secured an additional US$2 million convertible loan facility from Varesona Participation Corporation, an entity controlled by Frank Timis, a non-executive director, to fund exploration expenditure and …
Caspian Oil and Gas: Appoints Marcelo Mora as Company Secetary
Caspian Oil & Gas Limited advises the appointment of Mr Marcelo Mora as joint company secretary, replacing Mr Colin Carson. Mr Mora holds a Bachelor of Business degree and the Graduate Diploma of Applied Corporate Governance with Chartered Secretaries Australia (CSA). Mr Mora has been an accountant for more than 25 years and …